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How to Implement a Paycard Program

Author: Ryan F. Donovan

Paying wages to employees via paycard is a relatively new method available to employers. Because paycards offer most of the benefits of direct deposit without the need for an employee to have a bank account, they are a good option for employees who are either hesitant to obtain a bank account that can accept direct deposits or are unable to obtain an account for financial reasons. However, there are certain steps employers should take when considering whether and how to implement a paycard program.