What is the Visa Pro PayCards program?

• Visa Pro PayCard is a pre-paid stored value card
• Pro PayCard allows employers to offer employees who do not have a traditional bank account a highly desirable alternative versus receiving a paper check

Allows companies like yours to:

• Offer employees an alternative to traditional payroll media such as paper payroll checks or direct deposit
• Provide employees who do not qualify for a traditional bank account, a less expensive alternative to check cashing stores for access to their earnings
• The Visa Pro PayCards are reloadable and used from pay period to pay period by the employer only

Reduce costs associated with paper based payroll processes including:

• Reducing and handling physical paper media, fraud costs related to losses and theft, bank processing costs and stop payment fees
• Settle payroll on payday versus when the payroll check clears
• Eliminates costs for having check stock, issuing manual checks, mailing payroll checks, issuing Positive Pay Files, Month end Account Reconciliation and Paid Check Fees.  ($2.83 avg)
• Offer the Visa Pro PayCard as an employee benefit that many other employers currently do not offer

This could be a significant asset in employee recruiting and retention:

• Employers may choose to co-brand the payroll card
• Pro PayCards will be embossed with the cardholder name and can be distributed by your company - or the cards can be mailed directly to the cardholder home address

Employee Benefits:

• Employees will “never cash a payroll check again!”
• No need to pay check cashing fees (6-12%)
• Funds are immediately available
• VISA co-branded cards enjoy universal acceptance
• Cards are available for your spouse
• Safer than cash
• 24/7 customer support available via Internet, VRU
  or call center
• Each Employee/cardholder will have a unique Personal Identification Number (PIN) number. This PIN number is generated by our processing system and mailed separately to the cardholder. The cardholder can then select their own PIN number via our VRU or Pro PayCard Website.
• The employee does not receive printed checks with this program since access to the account can only be via the Pro PayCard.
• Purchases, credit/debit adjustments or cash withdrawals are added or subtracted from the card holders accounts on a daily basis to reflect current cardholder balance(s).
• Employees will also receive a month end statement which recaps all of their activity.
• Cardholders can review recent transactions, check the remaining balance, etc. via our  Pro PayCard Website, VRU or through the Customer Call Center. All three of these support options are available 24/7 and are available

Employer Benefits:

• Reduce payroll costs and paper processing
• Eliminate hassles of lost, stolen or inaccurate
  checks.
• Avoid loss of productivity caused by employees
  waiting for and cashing checks
• Promote employee retention
• Utilize same process as direct deposit based on number
  of employees and stability of workforce.
• Simple solution for short and termination pay.
• No risk to the employer