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Payroll Cards
Paychecks and benefits checks can be Direct Deposited
onto the Cardlinx Stored Value MasterCard.
- Consumers avoid the cost and inconvenience of check cashing.
- Previously under-banked consumers now have a "virtual bank account"
with an ATM card to access cash.
- Employers save money on payroll administration. Direct Deposit also
eliminates payroll check fraud.
- The Cardlinx Card can also be used anywhere the MasterCard, Maestro
or Cirrus logos are shown and ATM cash withdrawals can be made at over
634,700 locations worldwide.
Cost Savings:
Consumers save 1.4% - 6.0% on check cashing fees.
Typical consumer savings of over $600 per year.
Employers save money on payroll administration costs.
Convenience:
Instant access to paycheck money at ATMs on payday.
Avoids time consuming trip to check cashing location.
Avoid carrying excessive cash.
Simplifies payroll for employers.
Drastically lowers check fraud.
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