Your challenges

• Automating payroll despite high employee turnover
• Paying "unbanked" employees electronically
• Reducing cost and administration associated with cheque issuance
• Eliminating cashing of pay cheques and associated fees
• Improving cash flow predictability

As a retail company you face high employee turnover. The challenge to the payroll process is how to rapidly pay employees. You must also pay employees who do not have bank accounts. You seek a payroll method that is more efficient and secure than cheques but also more convenient for employees.

Bluewire uses card technology to enable payroll disbursements for "unbanked" employees. We electronically deposit your employee's wages in a specially designated account a one of our partner banks, and create a light, zero credit bank account for these employees at one of our partner issuing banks. Employees use a debit card to withdraw cash from most ATMs nationwide.

The solution is ideal for dealing with high turnover, since your company can hold cards for quick issuance to new employees. Younger employees, who are familiar with card technology, often prefer this method. You gain administrative control, security and the speed of the Visa network.

Did you know that........

1. A Payroll Card provides employees with the convenience and security of receiving their wages paid directly to a prepaid, stored value MasterCard card instead of a paper cheque, costing up to 7% to cash.
2. Payroll cards solutions are commonplace in the USA. Bluewire Network is now bringing the Payroll card into Europe from its UK offices
3. A Payroll card is a prepaid re-loadable MasterCard payment card that acts as an alternative payment device to a paper pay cheque or BACS transfer. This card is especially ideal for those who do not have bank accounts or for regular low value payments
4. In the UK, between 15-20% of the population do not have a traditional banking relationship with a financial institution. In certain demographic groups the incidence of unbanked customers is significantly higher, especially where employees are migrant workers who are natives of new EU members countries, by and large Eastern European.
5. Each year pay cheques are damaged, lost, or stolen, and re-issuing them costs significant amounts of money. The Payroll card helps eliminate these costs.
6. Bluewire partner banks have been approved by MasterCard to market their pre paid payroll card. This program allows employees to be paid their wages wherever they may be in the world, leveraging the MasterCard global infrastructure, enabling rapid, low-cost and efficient domestic and global payments.
7. The payment process is similar to direct deposit and provides companies with a cost-effective alternative to processing wage cheques.
8. As the card is loaded each pay period with the distributors own funds, everyone qualifies for the card, including those without current accounts or a credit history.
9. The Payroll card is a reloadable prepaid card.
10. The card can be used to obtain cash and pay for purchases on and offline.
11. The card can be used everywhere MasterCard debit cards are accepted

Why not contact us to know more about how you can make your employees lives easier whilst making yours more profitable.