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Payroll Cards

Welcome to the News View for "Payroll Cards".

Here, on these archive pages, you'll find all of the articles on Payments News for Payroll Cards listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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August 05, 2014

Headline News from PaymentsNews.com - August 5, 2014

On the Web:

On the Wires:

  • Newegg Adds Visa Checkout to Streamline the Shopping Experience - “Visa Checkout is a great service that helps our customers make their purchases on Newegg quickly and conveniently,” said Soren Mills, Chief Marketing Officer of Newegg North America. “It removes much of the tedium inherent to the online checkout process, especially for our customers who like to shop on mobile devices.”
  • Citi to Source $2.5 Billion to “Power Africa” - Jim Cowles, CEO of Citi for the Europe, the Middle East and Africa region, said, “We are proud to be a partner in this phenomenal project, an initiative to double the number of people who have access to electricity across Africa. Citi has a unique footprint in Africa and a commitment to enabling progress on the Continent through our technical expertise, financing and risk mitigation tools.”
  • Paychex Announces Payroll Card Solution for Small- and Medium-Sized Businesses - "NetSpend ... will serve as the exclusive program manager and processor for the Skylight PayOptions Program. BofI Federal Bank, Member FDIC, issues the Skylight ONE Prepaid MasterCard."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 20, 2014

Headline News from PaymentsNews.com - February 20, 2014

The Kindle edition of our book "Payments Systems in the U.S. - Second Edition" - is now available in the Kindle Store as well as in an iBooks version for your iPad or Mac in the iBooks Store. The ebook versions are priced at US$9.99.

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 14, 2014

Headline News from PaymentsNews.com - January 14, 2014

We’d love to have you participate in our 2014 PaymentsNews Reader Survey! Please take a moment to participate - it’s quick and easy to complete: https://www.surveymonkey.com/s/393MCB3

Next Glenbrook Payments Boot Camps: Feb 4-5 in Palo Alto, CA; March 18-19 in New York City. Alternatively, you can request a private Payments Workshop held on-site at your location.

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

December 13, 2013

MasterCard Introduces New Standards for Payroll Cards

MasterCard logo 140pxMasterCard has announced new standards it says are designed to help employees take full advantage of the benefits of having their paycheck electronically deposited onto payroll cards.

The new standards require employers and payroll card providers to offer cardholders greater insight on these programs through educational resources and increased transparency of any fees. Additionally, the standards ensure that employees have a fee-free way to access their pay and check available balances.

Payroll cards serve as one way to bring the traditionally underserved into the financial mainstream,” said Ron Hynes, group executive, Global Prepaid Solutions, MasterCard.

“These standards will help ensure that employees not only understand the choices available, but allow them to take advantage of benefits like direct deposit, online shopping and bill payment that have not been traditionally available to them.”

All new MasterCard payroll card programs will need to meet these standards as of July 1, 2014. Existing programs will have until October 1, 2014 to make any necessary adjustments.

October 18, 2013

Headline News from PaymentsNews.com - October 18, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our Glenbrook Payments Boot Camp on October 23rd/24th in New York City!
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer". Elizabeth will also be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 15, 2013

Headline News from PaymentsNews.com - July 15, 2013

On the web:

  • Remember Citigroup - Simon Johnson - "On Thursday of last week, four senators unveiled the 21st Century Glass-Steagall Act. The pushback from people representing the megabanks was immediate but also completely lame…"
  • New E-Commerce Strategies Threaten UPS, FedEx - Reuters - "Major U.S. retailers are experimenting with new e-commerce strategies that could dent demand for package delivery services…"
  • The Internet Archive Rescues Bitcoiners From Banking Oblivion - Wired.com - "…when Hockenhull needed somewhere to turn, Internet Archive founder Brewster Kahle gave him the means to keep his company alive. Since then, the IAFCU has taken on a half-dozen Bitcoin businesses, such as BitBox, giving them a critical link to the U.S. financial system."
  • News and Notes from the 2013 CNP Expo - "The first edition is a highlight package featuring some of the most noted executives in the card-not-present space…"
  • The 6 weirdest alternative currency stories ever - CoinDesk - "The world of alternative currencies brings with it a host of scammers, stealers and black market sellers. They bring a bad name to decentralized systems like bitcoin."

On the wires:

Upcoming from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 01, 2013

Headline News from PaymentsNews.com - July 1, 2013

On the web:

On the wires:

  • Intuit Announces Next Phase of Structural Moves; Organizational Foundation Now in Place - "The divestiture of Intuit Financial Services reflects Intuit’s strong commitment to intensify its focus on small business and consumer tax. As a result, the company signed a definitive agreement to sell IFS to Thoma Bravo for $1.025 billion, pending regulatory review."
  • Thoma Bravo to Acquire Intuit’s Financial Services Business - "Thoma Bravo’s acquisition of IFS is consistent with our strategy of buying great technology franchises with significant recurring revenue,” said Orlando Bravo, managing partner at Thoma Bravo."
  • TSYS Completes Acquisition of NetSpend - "This is a transformational day for everyone at TSYS and NetSpend, as this deal brings together two companies with a shared vision and purpose that focuses on meeting the needs of people. It also takes TSYS closer to the consumer than we have ever been before..."

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
  • Follow Glenbrook Partners on LinkedIn! -

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

September 26, 2011

September 03, 2009

A Note about Check Cards

Back in the early days of debit cards in the early 1990's, Visa pioneered the term Check Card for its debit card product.

More recently, it's been emphasizing Visa Debit as the product's name - transitioning away from the original Check Card branding.

Ironically, today's Wall St. Journal had a headline that read "Wal-Mart to Pay Via Check Cards". No, not via Visa Check Cards - but, rather, MasterCard Debit Cards.

Walmart Launches Electronic Pay Program with MasterCard, First Data

FirstData_logo-140px.jpgWalmart, MasterCard Worldwide and First Data have announced a "new, more sustainable payroll program designed to reduce the number of paper paychecks and pay stubs distributed each year to Walmart and Sam’s Club associates in the U.S. In order to benefit both associates and the environment, the electronic pay program will include the deployment of the Money Network™ MasterCard Paycard® and electronic pay stubs, which will cut down on paper consumption and provide associates easier access to their wages." READ MORE »

March 03, 2009

Urban Trust Bank, First Data Partner to Offer Prepaid Cards

First Data and Urban Trust Bank have announced that Urban Trust Bank will offer the Money Network payroll card and related prepaid products to businesses and consumers. READ MORE »

December 23, 2008

RBS WorldPay Announces Compromise of Data Security

In a press release titled "RBS WorldPay Announces Compromise of Data Security and Outlines Steps to Mitigate Risk", RBS WorldPay (formerly RBS Lynk), the U.S. payment processing arm of The Royal Bank of Scotland Group, announced that its computer system had been improperly accessed by an unauthorized party in early November.

According to more information provided on the RBS Worldpay web site, "the issue affected pre-paid cardholders and other individuals. Approximately 100 payroll cards have been used in a fraudulent manner and those cards have been de-activated. Our internal security professionals and outside experts are working with federal and state law enforcement authorities in an investigation of this event."

June 20, 2008

Summer Youth Workers to Be Paid with Visa Payroll Debit Cards

The Washington D.C. Department of Employment Services will be paying young participants in its summer jobs program via JPMorgan-issued Visa payroll debit cards. The agency says it has deployed the payroll card program as a means to provide its young workers with a safe, convenient, and dependable alternative to payroll checks, as well as reduce the costs and time associated with issuing paper payroll checks. READ MORE »

May 13, 2008

Chase Payroll Card for Nursefinders Provides Daily Salary Payments

In an economic environment where many workers are feeling the pinch of the rising cost of living, Nursefinders Inc., one of the nation’s largest healthcare staffing providers, has announced that it is offering daily salary payments to temporary employees who have registered at no cost for a Chase Payroll Card. Upon completion of a daily work shift, an employee’s payroll card account is credited with salary payment as quickly as two hours after an approved time card is submitted. READ MORE »

March 27, 2008

Transcard Mobile Provides On-Demand Payroll Statements

Transcard, a provider of prepaid debit card solutions branded with Discover Network, MasterCard and STAR associations, has announced 'the introduction of Transcard Mobile, one of the industry’s first applications built specifically for payroll card members. This new platform enables Transcard payroll card members, a majority of which have text-enabled cell phones, to access full account activity and functions via their cell phones.'

READ MORE »

March 13, 2008

JPMorgan, Kelly Services Win Best Payroll Card Program Award

JPMorgan and its customer Kelly Services received the Best Payroll Card Program Award last week at the second annual Prepaid Card Expo in Las Vegas. Kelly Services has been offering the Chase Payroll Card program to its temporary employees since 2004. Kelly deployed the payroll card as a means to provide its temporary employees with a safe, convenient, and dependable alternative to payroll checks, as well as reduce the costs and time associated with issuing paper payroll checks.

READ MORE »

November 08, 2007

TransCard Provides Cards for Hotel Employee Payroll

Transcard has announced a strategic alliance with Choice Hotels International, a lodging franchisors with ten hotel brands operating in the United States and 37 countries and territories, to provide prepaid stored-value card solutions to hotel franchisees and their employee base. According to the company, "the cards enable Choice Hotels franchise owners to pay their employees electronically, and in turn potentially improve employee retention."

READ MORE »

June 11, 2007

Discover, First Data Partner on Discover Network Payroll Cards

Discover Financial Services has announced an agreement with First Data Corp. to issue Discover Network payroll cards provided by Money Network Financial, a First Data Company. Money Network will issue the Discover Network branded payroll cards and handle card administration.

READ MORE »

May 14, 2007

Coinstar to Offer Money Network Pay Card Through Coinstar Kiosks

Coinstar and First Data Corp. have announced an agreement between Money Network Financial LLC, a First Data company, and Coinstar E-Payment Services Inc., a Coinstar company, to offer the Money Network Pay Card through select Coinstar kiosks.

READ MORE »

May 03, 2007

Visa, ADP to Expand Adoption of Visa Payroll Cards

Visa USA has announced a five-year agreement with ADP Employer Services to offer Visa-branded payroll cards to its clients. According to Visa, "the agreement reflects the two industry leaders’ commitment to grow prepaid card solutions that offer convenience and cost savings for businesses and their employees. The Visa branded ADP Total Pay card is issued by a number of Visa member financial institutions."

READ MORE »

February 20, 2007

Debit Cards For Immigrants

Erika Hayasaki writes for the Los Angeles Times about the Sigo card - a prepaid MasterCard debit card designed for immigrants. Sigo cards are Issued by MetaBank and marketed by IDT Stored Value Services. More information about Sigo is available on their website.

December 30, 2006

A Look At SiGo

In an article titled 'Immigrants Wary of Banks Put Faith in New Card", Steven Greenhouse writes for the New York Times about SiGo, a prepaid MasterCard debit card issued by MetaBank and distributed by IDT Stored Value Systems. Greenhouse reports that cards are an "ideal tool for 30 million workers, both foreign-born and native, who lack bank accounts and often face high check-cashing fees and frustrating obstacles in paying bills."

December 20, 2006

Bankrate Looks At Payroll Cards

In an article titled 'Payroll cards offer convenience at lower cost", James A. Ambrosio writes for Bankrate.com about the advantages of payroll cards - particularly for the unbanked.

November 06, 2006

Distributing Prepaid Cards Through Worker Centers

The Center for Financial Services Innovation has posted a new paper titled "Distributing Prepaid Cards Through Worker Centers: A Gateway to Asset Building for Low-Income Households" (PDF) by Katy Jacob, Janice Fine and Lauren Leimbach.

READ MORE »

August 28, 2006

Western Growers Moves From Paychecks To Payroll Cards

Western Growers has announced they are partnering with Bank of America and Visa to offer a payroll solution that will help member companies reduce expenses and provide more convenience and flexibility to their employees by offering the CashPay Visa payroll card to their employees. CashPay Visa allows employees to avoid the fees associated with check-cashing services.

READ MORE »

August 24, 2006

Payroll Card Accounts Covered By Reg E

The Federal Reserve Board has announced its approval of a final rule to provide that payroll card accounts are covered by the Board's consumer protection regulation governing electronic fund transfers.

READ MORE »

July 19, 2006

Consumer Spending Trends of Banked, Unbanked Prepaid Cardholders

Ecount has released figures on Banked vs. Unbanked Cardholders: Understanding the Use of Prepaid Cards in Today's Marketplace. The data, based on the Ecount Prepaid Index, outlines baseline spending habits of both groups, as well as provides insight into the role that prepaid cards play in the lives of consumers.

READ MORE »

July 13, 2006

Use of Payroll Cards Grows

Margarita Bauza of the Detroit Free Press writes about the use of payroll cards. "Payroll bank cards, popular with people who do not qualify for bank accounts or those who are more likely to use expensive check-cashing services, account for 21% of all consumer transactions. That translates to a $2.7-billion business in the United States alone. Boston-based consultant Aite Group says payroll card use is expected to grow to $27.1 billion in spending by 2009."

June 26, 2006

First Data's Money Network, ADP Paycard Solution

Money Network, a First Data Corp. company, and ADP Employer Services have announced a strategic agreement to provide a co-branded paycard, TotalPayCard, that "combines the resources and expertise of two industry leaders and will provide businesses of all sizes with a robust paycard solution."

READ MORE »

May 13, 2006

PODER Payroll MasterCard For Hispanic Immigrants

Unlimited Diversity, Inc., a provider of prepaid products and services for BankFirst and MasterCard, has announced the launch of the PODER Payroll MasterCard, a card program it says is designed specifically to address the needs of the Hispanic immigrant in the United States.

READ MORE »

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