Irving, TX- Studies show that there are over 10,000,000 unbanked workers in the US crossing all demographics. PayCard is an innovative and less costly alternative to Paper Payroll checks. According to the American Payroll Association, the cost of issuing a payroll check is $1-$2, while the cost of replacing a lost or stolen check is $8-$10. PayCard is a “checkless” checking account that allows unbanked employees access to their pay using a Signature Based Debit Card. Issued through US Bank, the 6th largest bank in the US.

NTC Texas www.NTCTEXAS.com, a merchant service provider, offers PayCard www.ntctexas.com/services.php a turnkey prepaid payroll card that allows employees the convenience of a readily accepted card and employers an adaptable, profitable, and easily implemented payroll system that can be used for not only wages, but also per diems, commissions, and bonuses. NTC Texas offers the PayCard with either Visa or MasterCard logos, with the choice of standard or fully customizable.
Many corporations are using prepaid payroll cards as a means to reduce the cost of check distribution and reduce the added cost of replacing lost or stolen checks. “Designed with the unbanked in mind, the PayCard is a checkless checking account with no annual fees.” said Ted Borek, executive vice president of NTC Texas, “Using PayCard’s, employees can securely transfer funds to family members in the U.S and internationally without using expensive wire transfer options or check cashing facilities.” Borek added that the PayCard can be used at any location where Visa and MasterCard are accepted and to withdraw cash at ATM’s.

About NTC Texas

NTC Texas is a registered ISO/MSP with Nova Information Systems owned by US Bank, and is a member of Visa and MasterCard Associations. Visit NTC Texas at www.NTCTEXAS.com