Student loan repayment, flexible work schedules and retirement funding are among the perks younger workers are looking for from an employer.
- More than one ATM Network: Implementing a payroll card that’s affiliated with more than one ATM network enables employers to provide wider coverage for their employee payroll cardholders.
- Individual and bulk enrollment. This feature helps employers quickly and efficiently enroll employees who have elected to be paid on a payroll card, so they can pay their workforce electronically.
- Single and bulk card funding. This capability speeds instant funding transfers to employee payroll cards.
- Instant issue card stock management. This helps employers order welcome packets that include cards and required disclosures so the employer can quickly issue a payroll card to an employee without waiting for a personalized card to arrive in the mail.
- Support for fully paperless payroll. Some states allow employers to offer paperless pay options, but other states require employers to offer employees the option to receive their pay by paper check. Look for providers that offer fully electronic pay solutions that allow employers to offer an electronically funded paper check that employees or employers can authenticate and complete on pay day, without having to activate a payroll card.
- Card activation monitoring process. This process allows employers the ability to monitor card activation to help keep them compliant with wage and hour requirements.
- Online instant funding reversals. This feature enables employers to instantly reverse the full amount of funds transferred from a separate funding account within five days from the initial transfer. It helps to simplify the process of correcting a funding error should one occur.
- Custom reporting. This feature enables employers to generate reports, such as those used to verify enrollment, funding, card inventory, and to verify employees’ work locations assigned through self-enrollments.
