Our solutions benefit users across a wide range of industries.
The PFS prepaid business cards can be used as a solution to recurring payments - E.g. payroll, incentives and prepaid expense cards. Many companies' workforce could benefit from direct deposit on a prepaid payroll card.
For the employer, it provides the opportunity to cut costs on processing payroll. This is especially true in those industries where significant numbers of cheques are produced and distributed. By providing a prepaid card for payroll, the employer is able to load that card with the employee's wages within minutes, efficiently and cost effectively.
The employees receive the funds on a card rather than having to cash a cheque and it gives them access to shopping on the Internet or through the traditional retail environments. Cardholders do not need to carry cash around.
For the non-banked, this solution removes the inconvenience and cost of exchanging cheques for cash, whilst providing similar benefits to a Debit Card such as access to the online world of payments.
Prepaid Financial Services enable you to deposit the weekly/monthly payroll to a settlement account. Funds are held in a settlement account. The card is significantly easier to manage for all in the value chain. This is especially true in those industries where there is a high employee turnover or employees are transient workers.
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