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PayCards


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Payroll Solutions

Access, benefits and features that employees
just can’t get from a paper check

Newtek’s PayCard® is a new payroll solution that helps businesses reduce payroll costs through the utilization of cards that are automatically updated with an employee’s latest payroll information. This new service is an ideal alternative to traditional paychecks, and it provides a number of impressive features to both the cardholder and the employer, including Cash Back Merchant Rewards and interest savings. In addition to these benefits, PayCards® effectively reduce the costs associated with printing, processing and delivering traditional paychecks.

 

Employer Benefits

Minimize risks and reduce costs

Reduce Expenses and Provide a New Employee Benefit

Wright Express rapid! PayCard® provides your company with the most comprehensive PayCard benefit and ePayroll program designed for employers choosing to convert to electronic delivery of payroll at zero cost. After enrollment with rapid! PayCard®, you will be able to issue cards immediately to all new hires and immediately enroll them into the ePayroll system.

While most paycard companies end their efforts, with system access and cardstock, we are just beginning to
provide the high touch service that you require to achieve your goals.

 

Here’s how you benefit:

  • Reduce Cost – Expanding direct deposit participation will generate significant cost savings over the current methods of printing and delivering checks and wage statements.
  • Improve Efficiency – The rapid! PayCard solution will expand electronic direct deposit participation and will eliminate the need to distribute regular pay check and wage statements to employees. By eliminating paper checks, your exposure to check fraud will be minimized, lost or stolen check problems will be eliminated, business continuity will be improved and off-cycle payment problems will be lessened.
  • Increase Corporate Environmental Responsibility – Improving your direct deposit participation is a simple, safe and smart way to have a positive impact on the environment.

Employee Benefits

The rapid! PayCard® Visa® Payroll Card is a safe, secure and hassle-free way to collect, manage and
ultimately spend your hard-earned money. PayCards® offer the convenience of a debit card and more security than carrying cash. rapid! PayCard® requires no credit check and can be instantly provided to your employees. rapid! PayCard® offers the versatility of a credit card and is accepted everywhere Visa® debit cards are accepted. With the rapid! PayCard® your employees can have more money, more time, more access and more options than ever before!

Cardholders can always expect the following benefits:

  • NO paycheck cashing fees – Save more than 50% versus check cashing fees
  • NO lost checks
  • NO overdraft fees
  • No need to carry large sums of money
  • 24×7 access to pay
  • FREE multilingual customer service 7x24x365
  • FREE access to their pay
  • FREE access to monitor transactions online and text alerts*
  • FREE Savings Account Access
  • Cash Back Rewards

Access, benefits and features that Employees just can’t get from a paper check.
Saving money is just one of the many great benefits employees get with rapid! PayCard® Visa® Payroll Card.

Increased:

  • Safety
  • Security
  • Convenience
  • Cost Savings

The rapid! PayCard® Visa® Payroll Card is a powerful financial service for employees who do not have traditional banking relationships. These services provide greater convenience, added security and exceptional value to for cardholders and include:

Product Features
Text Alerts
Text Alerts

Cardholders may elect to have text messages with information about their card balance or
transactions sent directly to their cell phone On-Demand or Event Driven.

Cash Back Merchant Rewards
Cash Back Merchant Rewards

Cardholders can opt into a cash back merchant rewards program that pays them for normal
purchasing behavior.

Interest Bearing Savings
Interest Bearing Savings

Cardholders have access to an interest bearing savings account or “purse” in their account.

Bill Payment
Bill Payment

Cardholders can pay their bills over the phone or Web portal.

Portability
Portability

Cardholders can opt into a cash back merchant rewards program that pays them for normal
purchasing behavior.

Cardholder Issued Check
Cash Back Merchant Rewards

Cardholders can write a check for payment or receive 100% of their pay off their card.

Allpoint ® ATM Withdrawal
Allpoint ATM Withdrawal

The rapid! PayCard is currently a member of the
Allpoint ATM surcharge-free network access at more than 37,000 locations.

Additional Methods to Access their Pay
Additional Methods to Access Their Pay
  • POS Store Purchase (including cash-back, where available)
  • Request a Check
  • US Post Office Money Order
  • Electronic Transfer to a bank account

PayCards PDFs





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