Payroll PayCards Allow Employers to Avoid Escheatment Issueshttp://www.thinkcapitaladvisors.com ,
Think Capital Advisors PayCard Team offers turn-key payroll paycard solutions that requuire no company internal payroll processing changes.
Think Capital's payroll paycard solution allows companies to generate capital internally while simultaneously expanding employee benefits on top of being green friendly.
What is a paycard?
A paycard is a practical and cost effective method to pay unbanked employees electronically. A paycard allows employees to access wages 24-hours via ATM network. A paycard gives employees a way to spend wages at PIN and signature-based transaction locations and on the Internet. A paycard allows employees to eliminate check-cashing fees, waiting for paychecks to arrive in the mail, and other payday burdens. A paycard is a way for unbanked employees to gain financial security.
Why Think Payroll Paycard Solutions? Experienced program implementation and support teams. Compliant and certified with all Paycard industry regulations. Worldwide acceptance through partnerships. 800+ payroll paycard clients. Paycard product development innovation. Multiple data centers, call centers, and information technology resources. The primary focus is paycards. Pioneers in the payroll industry. Turn-key paycard solution. All paycard systems are proprietary - built from the ground up. Largest surcharge free ATM network.
Direct Deposit key benefits are cost savings. Businesses can save up to $2.93 (per National Automated Clearing House Association 2009) per transaction by using Direct Deposit. Example: Switching 80 bi-weekly paid employee from paper checks to Direct Deposit would save over $5,000 annually. Another key benefit is increased employee productivity - employees spend between 8.5 and 24 hours per year going to the financial institution to cash or deposit their paychecks, an activity which accounts for an estimated $3-$5 billion loss in productivity annually. Call Think today.
