Employer Benefits

Financial

• Reduce your cheque and cash management and handling costs
• Reduce your bank fees
• Reduce security risks involved with cash and cheque fraud
• Eradicate lost cheque replacement costs
• Payments to all employees on the same day
• Issuing a prepaid card is cheaper than sending international payments
• Employee expenses can be paid seamlessly with an audit-trail
• Potential to become a revenue earner rather than a cost centre

Operations Efficiency

• Management no longer required to spend time creating and distributing cheques
• Refined/streamline business process for salary payment
• Increase employee retention with a true cash alternative
• Headcount reduction to process cash and cheques
• Easy integration with existing direct deposit payroll systems
• Account management facility replaces need for corporate banking account

Employee Benefits

Value

• Employees do not need to wait in queues to cash cheques at high commission rates
• Employees will use fewer money orders
• Access to Internet purchases

Convenience

• Employees have immediate access to funds on payday
• Saves time and money
• Employees can get account balance and transaction history via Internet, SMS or telephone IVR
• Share funds with a companion card instantly at low cost via SMS
• Employees do not need to be at work to collect pay cheques
• Obtain cash or make payments to merchants worldwide using the Prepaid Card

Safety

• Greatly reduces the risk of fraud
• Safer than carrying cash
• Benefit from safety features of Chip and PIN cards
• Removes the security risks involved with handling cash and cheques
• Can make online purchases without revealing sensitive information

Social Inclusion

• Anyone can obtain a card as no bank account or previous credit history is required
• Employers are able to issue MasterCard® branded cards
• Un-banked employees can use Prepaid Cards to make payments and obtain cash
• Removes the social stigma of dealing with cash or cheques only