New Prepaid Credit Card Features from USA Paycard, Inc.
Payroll Card Facilitates New Prepaid Credit Card Applications for Business Use
(PRWEB) September 29, 2005 -- USA Paycard, Inc. (www.usapaycard.com), a leading provider of payroll disbursement products, today announced several new applications for its PayCard," a prepaid credit card that takes the place of the traditional payroll check. USA Paycard, Inc. provides the lowest cost, easy to implement, turnkey payroll card program with end-to-end support in the market today.
Our clients have continuously looked for new uses for prepaid credit cards to benefit their businesses and we have delivered," said Jason Wacker, President of USA Paycard. The USA Paycard now facilitates a variety of business needs in addition to its outstanding performance as a payroll card."
The payroll card traditionally allowed employers to use direct deposit for employees who lack a traditional banking relationship, translating into lower payroll check processing costs – an average of $48 per employee, per year according to a 1999 NACHA study. Now businesses are able to benefit from:
Commission Prepaid Credit Cards – conveniently allows staff to receive commission funding on their PayCards, which gives them instant access to cash at over 1 million ATM domestic and international locations and 30 million domestic and international point-of-sale terminals.
Termination Cards – efficiently distributes termination pay to employees at very little cost. Each terminated employee receives a PayCard which serves as their final paycheck. Employees have immediate access to their funds upon receiving the card from their employer.
Per-Diem Cards – distribute expense payments to employees working off-site in real time. By using a Funding PayCard," money can be sent to any other PayCard in real time at a fraction of the cost of a standard wire transfer.
Budget Cards – allows employers to distribute budget funds to key personnel efficiently. Money is allocated to the proper personnel for business use and can be monitored by supervisory staff members anywhere internet access is available.
USA Paycard, Inc. and its partners handle the card set up, customer service and transaction processing. Additionally, USA Paycard assists employers with employee solicitation, sign-ups, and answering any card related questions. There are no employer costs to the program and the cards can be used by employees for free using the cash-back" option at retail POS locations.
About USA Paycard, Inc.:
USA Paycard was founded and is headquartered in Madison, WI servicing businesses nationwide. Our mission is to provide our cardholders with a premium product at an affordable price. Our goal is to put the best payroll card product in the hands of the people who need them. The PayCard itself is issued by Genpass Card Systems, a national diversified, electronic payments processing company. The company is the second largest terminal processor in the U.S. driving more than 28,000 ATMs and is the sixth largest switch processor with 360 million transactions annually.
For more information, visit www.usapaycard.com.
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