Payroll Debit Cards
Pre-Paid Debit Cards are a boon to employers with employees who,
for a variety of reasons, are un-banked. It saves them the costs and
labor associated with printing and distributing paper pay-checks, as well
as losses from re-issuing lost or stolen checks and from paycheck fraud.
For the un-banked employee, there are also significant benefits. Their paycheck
amount is automatically deposited directly to their card account – they no longer
have to wait in line at check cashers, pay 3% to 5% of their check amount to cash
it and then have the exposure of carrying all their cash with them.
EFX’s issuing platform delivers on all these benefits, providing industry and
regulatory compliance for security and safety, while offering the flexibility
needed to meet the needs of employers and employees alike. Our platform allows
our card holders to use their card at virtually any Point-of-Sale or ATM device,
world-wide with the confidence that the entire transaction is safe and secure.
In addition to the strength of our platform, we also excel in providing outstanding customer service –
we understand how important it is for a cardholder to receive their paycheck funds
quickly and accurately.
We also recognize the importance of preventing fraud for our cardholders and have
implemented a wide range of innovative systemic methods for anticipating fraud or misuse.
