Going paperless?  Have unbanked employees?  Looking for alternatives to promote electronic payment?  Want to save money on the distribution of employee payroll?  How about providing an additional NO COST employee benefit?  Paycards from PCS partner, Global Cash Card, allow businesses to provide all of these benefits and more.

Save With Paperless Payroll
According to most experts, including the American Payroll Association, there is a $3.88 average savings per payment when paperless payroll is implemented.  Paycards can dramatically increase your Direct Deposit participation, while reducing your payroll costs by automating and streamlining account transactions, reconciliations and reporting.   Read more about how paycards have come of age.

The Unbanked Employee Solution
In a perfect payroll world, all employees in an organization have their own bank accounts and proactively elect to receive their pay via direct deposit. However, the reality is that not every employee has a bank account or can easily open one for a variety of reasons.  Statistically, if you are an employer in the hospitality, restaurant, retail, or transportation sectors of our economy, a greater proportion of your workforce is likely to be part of the unbanked population.

Until recently, this situation presented a problem for employers that wanted to take advantage of the cost savings that can be achieved if they increased their use of the ACH system to initiate direct deposit transactions for their payroll disbursements.

With the recent introduction and increased availability of paycards, employers now have a viable payment option they can use to electronically pay their unbanked workforce and achieve cost savings similar to those realized with the use of direct deposit. In fact, both employers and their workers can share in the advantages that paycards offer.