Global Cash Card recently released the latest edition of the Paycard Advisor. The Paycard Advisor is the only newsletter dedicated to helping payroll professionals make the most out of paycards. The eleventh edition highlights our cardholder who won a year's worth of groceries in the Visa Prepaid Tax Sweepstakes, best practices for sustaining a world-class paycard program, and much more. Make sure you read your copy today!

Brooke Thomas could not believe her luck when Global Cash Card called her out of the blue to tell her that she had won $12,000, in fact, she thought that she was “being punked.” Ms. Thomas was selected out of thousands of prepaid cardholders as the grand prize winner in the Visa Prepaid Tax Sweepstakes and received an entire years worth of groceries in the form of $12,000! Ms. Thomas was entered into the Visa Sweepstakes simply by loading her tax refund onto her Global Cash Card Visa prepaid card. She received her Global Cash Card Visa card as an employee of the Metro Atlanta YMCA.

Global Cash Card, the proven specialist in customized paycard solutions, announces that it now offers Kronos customers a seamless method of achieving 100% direct deposit and paycard participation. Kronos customers who leverage the Global Cash Card offering will reduce production and distribution of paper paychecks, resulting in cost savings and a positive impact on the environment. The Global Cash Card system is simple to implement and easy to use for employers and employees alike. Global Cash Card cardholders quickly recognize the safety, security, convenience and cost savings associated with the card.

Global Cash Card, the proven specialist in customized paycard solutions, announces the launch of expense manager, a new budget management tool that is now available to all cardholders.

"The goal of expense manager is to allow cardholders easy access for tracking spending habits on both a monthly and annual basis," said Bobby Nguyen, Application Development Manager at Global Cash Card. "In the near future, cardholders will also have the ability to create budgets on a weekly, monthly, quarterly, and annual basis."

The expense manager tool is easy for cardholders to access through their online portal. The monthly transaction comparison is conveniently color-coded, and cardholders can elect to see a monthly drill-down of spending by category. The expense manager breaks transactions into merchant categories such as dining, supermarkets, retail, drug stores, pet stores, and transportation expenses.

September 14, 2013

Global Cash Card recently released the latest edition of the Paycard Advisor. The Paycard Advisor is the only newsletter dedicated to helping payroll professionals make the most out of paycards. The tenth edition highlights Global Cash Card's presence at the American Payroll Association's congress in May, a compelling article by attorney Cathy Beyda regarding recent paycard news, and much more. Make sure you read your copy today!

August 22, 2013

Recent media stories have criticized the fees on payroll cards, a form of prepaid debit card offered by employers to pay wages. Though we represent different constituencies (low income consumers and payroll administrators), we agree that payroll cards can offer unbanked workers an economical, safe and convenient way to receive their wages. For these workers, payroll cards can mean no check cashing fees, greater security without the risks of cash, access to pay despite natural disasters and the ability to make purchases over the internet and by telephone.

But not all cards are created equal. Following the right guidelines can result in a payroll card program that is mutually beneficial for both workers and employers.

Employees must be able to access their full wages in cash at least once each pay period without fees. Free and clear access is required by the state wage and hour laws and is critical to the success of any payroll card program. Common methods of cash access include bank teller transactions, ATM withdrawals, convenience checks and cash back from point of sale purchases.

Employees must have a choice of wage payment method and be able to change it. Under federal law, employees may not be required to receive their wages on a payroll card and must have the choice of another payment method, typically direct deposit to an account of the employee's choosing. State wage and hour laws may also require a choice of a paper paycheck option. Employees should know how to change their selection if they want to do so.