Read this Ernst & Young LLP special report to learn about the state rules governing direct deposit and pay cards that serve to limit the electronic payment options that can be offered to the workforce and view the state survey to see where electronic payments can be mandated.
The API published a story on September 13, 2013 stating that under federal law employers cannot force employees to take plastic pay and that withdrawal fees also cannot be imposed on them.
For the full story go to http://bigstory.ap.org/article/agency-firms-cant-only-use-debit-cards-pay.
By Josh Davis
There has been a lot of buzz revolving around the payroll card industry after a recent lawsuit that sprung up, negative press articles appeared, and the start of an investigation by New York Attorney General, Eric Schneiderman, began. So, I sat down with Bernie Nolan from Global Cash Card to get both sides of the prepaid payroll card story and offer an overview for payroll providers still interested in or concerned about providing this as an option to clients. To read Bernie’s guest post on our blog about the benefits of providing paperless pay options to your clients, click here.
The Market for Payroll Cards is Growing… Fast
It is important to note as a provider of payroll services that the payroll card industry is continuing to grow at a steady rate. In fact, according to a report by the Aite Group, $34 billion…
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