The implementation strategy overview is designed to help payroll professionals increase direct deposit participation by offering a payroll debit card. Payroll departments across the country have understood the benefits associated with direct deposit since its introduction in the 70s. From cost-savings to added convenience to fraud reduction, direct deposit vs. paper check is no contest.

The challenge to many US employers is the growing number of employees who don't have a traditional banking relationship, otherwise known as the 'un-banked'. In a recent study by Visa® and the APA, the number of un-banked workers is estimated at over 45 million households. Without an alternative banking solution available for those un-banked employees, standard direct deposit messaging is ineffective.

The pay card option provides a last line of defense for all US employers to effectively increase direct deposit, by allowing a straightforward, all-inclusive option for employee participation. In the majority of states, direct deposit can be made a condition of employment. By offering the pay card, every legal US employee can experience the benefits of direct deposit.

Since 2004, TFG Card Solutions has helped over 1,200 US employers of all sizes eliminate paper checks by providing a two-pronged approach: 1) Provide a first rate value offering that employers and employees can be excited about; 2) Assist our extremely busy clientele with effective marketing tools to message the enhanced benefit offering and company initiative.

We look forward to presenting our learned best practices to help employers dramatically reduce and/or eliminate the costly paper check from the payroll process.