Payroll Debit Card Issuing

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 risk of carrying all their cash with them.

For the ISO, the opportunities are enormous. Pre-paid debit cards offer a long term residual income potential from each active card. The value proposition to the employer is easy: “encourage your employees to sign up for a card and you’ll reduce your costs, reduce your work load – and there are no costs to you.”

For the employee, the benefits are also very compelling. While there are some fees associated with card usage, our fee structure is the lowest in the industry and is far less costly than check cashing fees.

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.

Our card programs are highly flexible, so you can choose to be manage your own program or market one of ours.