Electronic Payroll Distribution Services
Money Network provides employers the ability to eliminate the issuing of paper checks to their employees, who otherwise may not be able to have a traditional banking relationship. The Money Network product allows employers to provide their ‘un-banked’ employees with the benefits of pay cards, while at the same time, reducing their internal payroll and administrative costs
- The market leader in providing prepaid debit products packaged as a payroll card application.
- Over 800 corporations have deployed the Money Network product.
- Their experience in the payroll card market has provided a unique understanding of the market requirements for retail products.
- Money Network has 13 years experience providing financial services to the un-banked market.
- The ability for vertical integration of First Data enables the most cost effective delivery of this service.
Cards can be used at ATM’s or to purchase goods or services where merchants provide a PIN pad
The VISA cards can also be used for signature purchases anywhere that Visa is accepted.
- Reduce Costs
- Printing and administrative
- Distribution and overhead
- Check fraud elimination
- Ensure prompt disbursement and access for all employees
- Improve payroll security and control
- Deliver uninterrupted pay in the event of a disaster
- Escheatment administration
- Reduces costs associated with payroll and termination pay
- Maximizes direct deposit participation
- Flexibility of solutions
- Streamlines administrative responsibilities
- Dedicated resources to assist with education and implementation
- Reliable: Pay available on time every pay day; funds accessible virtually anywhere.
- Safety: Funds are FDIC insured.
- Access to the Allpoint ATM Network – America’s largest surcharge-free ATM network with thousands of locations.
- Pride of plastic ownership (many of these employees are not eligible for credit cards).
- Money Network Check Pay to the Penny solution.
- Money Network Check Free cashing at participating merchants (MN bounce-less check).
- Reduces monthly fee for the un-banked which can cost up to $35/month to cash checks.
- Convenience: Easy access to funds – no waiting in long check cashing lines.
- Option to upgrade to a personalized VISA product.
Contact your Representative for further information and to sign up for Money Network