How Contactless Payments are Reshaping Payroll
Alternative payment methods, such as paycards, are a growing factor in the payroll administration landscape. In 2012, 4.6 million workers in the US received their wages on payroll cards. By 2022, that number is projected to rise to 8.4 million.
In this webinar, find out how the Payactiv Visa Payroll Card helps employers meet the demand for safe contactless payments and provides the flexibility and convenience that the growing millennial workforce is looking for.
Seasoned Sales Consultant with a demonstrated history of working in the financial services industry including the Global Cash Card and ADP. Mike brings a wealth of experience guiding customers in a variety of industries through the payroll card implementation process.
*The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
1 Many (but not all) employers, government benefits providers, and other originators send direct deposits early with an effective of 1-2 days later. Beginning with your second direct deposit of at least $5 from the same source, Central Bank of Kansas City (CBKC) will post the funds to your Payactiv Visa Card when we receive it, rather than on the effective date. This may result in your having access to the funds sooner. The date CBKC receives your direct deposit and the effective date are controlled by the originator.