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How to Implement a Paycard Program

Author: Ryan F. Donovan

Paycards (or payroll cards, or payroll debit cards) offer most of the benefits of direct deposit but without the need for a bank account. That makes them a good option for employees who are either hesitant to obtain a bank account that can accept direct deposits or 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.