All Items: Electronic Paycards

  • CFPB Final Regulations Impact Employer Paycard Programs

    Date:
    November 30, 2016

    Under final regulations issued by the Consumer Financial Protection Bureau (CFPB) pertaining to prepaid debit and credit cards, employers that pay wages using paycards will be required to provide employees with additional disclosures as of October 1, 2017.

  • New Pennsylvania Payroll Debit Card Law Contains Many Restrictions

    Date:
    November 16, 2016

    Pennsylvania employers will be permitted to pay employees' wages, salaries, commissions or other payments by payroll debit card under a new law taking effect May 5, 2017.

  • New York Paycard and Direct Deposit Final Regulations Impose Many New Employer Requirements, Restrictions

    Date:
    September 29, 2016

    The New York State Department of Labor has issued final regulations governing the use of paycards and direct deposit to pay employees' wages. Although the law in New York already permits employers to pay employees via these two popular wage payment methods, the final regulations provide many new detailed requirements and restrictions. Employers should act now to be sure their procedures, policies and required forms will be in compliance by the March 7, 2017, effective date.

  • Connecticut Payroll Card Law to Take Effect

    Date:
    June 13, 2016

    A new law taking effect in Connecticut on October 1 will allow employers the convenience of paying employees by payroll card. Previously, this method of wage payment was not permitted, and employers in the state could pay employees only in cash, by check or direct deposit.

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News: HR and legal considerations for employers regarding electronic paycards.