For most companies, issuing paper paychecks to a certain number of employees continues to be a way of life. But with our MasterCard ReadyFunds Paycards, that time-consuming and expensive activity can now be truly a thing of the past. Safe, convenient and reloadable, MasterCard ReadyFunds Paycards offer a much more efficient and cost-effective method of paying your employees, not to mention a wide range of other benefits they’ll appreciate as well.

Even with today’s banking advances, many employees are still not set up for direct deposit. In particular, those who don’t have checking accounts, are based in remote locations, or are temporary, seasonal or contract workers may still require a paper paycheck. The same may be true for those who are paid separately for bonuses, commissions or per-diems.

Switching these employees to MasterCard ReadyFunds Paycards can save employers on your payroll processing expenses because the cost of reloading the cards with their wages is essentially identical to conducting direct-deposit transactions

MasterCard ReadyFunds Paycards work much like personal debit cards, not credit cards, so as an employer, you needn’t worry that issuing them to your employees will expose you to any liability for their misuse. Rather, you will receive benefits that go beyond the obvious efficiencies, including the following:

·                                 *Reduction of the costs associated with replacing lost or stolen paychecks, which the National Automated Clearing House Association (NACHA) estimates at $10-$12 a check.

·                                 *Enhanced productivity since your employees won’t have any reason to leave their jobs during normal working hours to cash or deposit their paychecks.

·                                 *Recognition of your environmental sensitivity by saving paper.