Employers need to reduce the cost of paper cheque distribution.  Millions of cheques are issued to agents and independent contractors for commissions and work completed.  The same huge cheque issuing process exists for expense reports, bonuses and vacation pay. Easy Debit Card provides a powerful solution to reduce the cost and streamline the process of distributing employee pay-cheques, virtually anywhere in the world.

Client Profile: Temporary staffing company with international employees.

Exiting Process: Temporary employees with bank accounts would receive pay-cheques and then deposit funds into their account, while experiencing a 3 week delay on access to funds.  Employees without bank accounts were forced to use expensive cheque cashing services.

Easy Debit Card Solution: Easy Debit Card developed a customized debit card platform in which the staffing company would issue cards to each employee, regardless of their current employer.

Result: Temporary staff now have access to funds in real-time, instantly and globally.  Funds can be withdrawn through ATM, POS and through the Internet, without cheque cashing fees and time delays.

The prepaid debit card, also known as the stored value debit card, was first recognized by the FDIC in 1996, in a ruling that distinguished between conventional bank accounts and stored-value accounts associated with prepaid debit cards.  The first such stored-value cards (SVC) were issued in 1998 to provide instant emergency payment of insurance claim advances.  The first fully-branded Visa and MasterCard SVC started appearing in 1999.

The first widely-distributed use for SVC was as payroll cards.  Employers found that many of their employees did not have bank accounts and could not receive electronic direct deposit of salary.  Ford Motors stated that 40,000 of their union workers in the Detroit area were 'unbanked'.  The payroll cards saved money for the employer and provided convenience for the employee.  In June, 2005, MasterCard stated “The US prepaid card market is worth a potential $2.5 trillion, with the total employee benefits card market reaching $400 billion.  During 2004, US Employers put $2.1 billion on benefit debit cards.”

With the Payroll Solution you save money by reducing cheque processing and distribution costs.  Eliminate the costs of "stop payments" for lost or stolen cheques.  Easy Debit Card helps put an end to cheque fraud.  Employees find the cards simple and easy to use.  Cards save time by providing instant access to money.

Company Benefits

	Distribute funds regardless of location
	One-time load or re-loadable
	Dramatically reduce administrative costs
	Eliminate stop payments and lost checks
	Powerful marketing opportunity - extend your visibility
	Close claims quickly and efficiently
	Multiple cards control different payments types on a singular system
	Control different claim payment types in multiple accounts
	Powerful tracking of all card activity