FEATURED ARTICLE

PayCards – A Payroll Solution for Your “UNBANKED” Employees

This is a unique way for Employers to save time and money and enhance the work experience for their employees who do not have a traditional checking or savings accounts.There are over 10,000,000 unbanked workers in the US crossing all demographics.

What are PayCards? They are an innovative and less costly alternative to Paper Payroll Checks. 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, the PayCard specifics are as follows:

For the Employer:

• Uses existing Direct Deposit Capability (regardless of company used)
• Choose Standard PayCards or fully customized cards bearing Employer's name
• Internet Management capability using Connect.com
• Enhances efficiency by reducing cost of check distribution and replacing lost or stolen checks
• No cost for Standard PayCard set-up
• $2.50/card cost can be transferred to Employee
• Easy application process

For the Employee:

• Eliminates check cashing fees of 2-10% per check
• No need to be present at work to get paid on payday
• Facilitates money transfers to family members in US and Internationally
• Conveniently access cash at ATM’s and at Point of Sale
• Free service for purchases, cash back at Point of Sale, Balance Inquiries via the Internet
• No Monthly Fees
• Electronic Transactions are $.50 using Internet or telephone
• Telephone service in English and Spanish
• Live Operator Support for Balance Inquires and Transfers

Click here for more information regarding PayCards and an application.

PRODUCT SPOTLIGHT

MobileCharge™ Pro

Use your Blackberry and existing wireless service to accept credit and PIN-less debits and print receipts!

This is an unbelievable solution that is very easy to implement and cost effective.

For more information call us today at 877.877.6511. Click here for a downloadable PDF.

Take your BlackBerry to a new level with the MobileCharge™ series of Wireless POS solutions for BlackBerry® Smartphones. MobileCharge™ can be used to process credit card and PIN-less debit card payments from almost anywhere.

Key Features MobileCharge™ Pro

• Supports all major credit and PIN-less debit cards
• Fast, real-time payment response
• Online transaction management and reporting tools
• Support for card swipe and receipt printing
• IntelliForms™ electronic form data capture (optional)
• Signature capture capability (optional)
• CorporateConnect™ real-time uploads to corporate servers (optional)
• RemotePOS™ connection to barcode databases (optional)
• GPSstamp™ location stamping (optional)

TECH TIP

Visa Credit Card Unique Characteristics
to Assist in Fraud Detection

Embossed Account Number and Printed Four Digit Number

All Visa embossed account numbers begin with a “4” and have 16 digits. All digits must be clear, even, and the same size and shape. The four digit number must be printed below the embossed account number and must exactly match the first four numbers of the embossed account number.

All Visa Cards Include the “Flying Dove” Hologram

The dove should appear to fly when you tilt the card back and forth.

Flying “V”

An embossed security character located next to the Good Thru date. If the “V” is not italicized or it is missing, the card is counterfeit.