Payroll Cards - Lamar National Bank

Payroll Cards
- Simplify Your Payroll Process
- Secure Your Employees’ Pay
- Save On Costs
We are pleased to now offer the convenience
of Payroll Cards for your employees
The Payroll Card enables you to electronically load funds onto a debit card to pay your
employees. The instant issue or VISA branded debit card can be funded with payroll, per diem,
bonuses, expense reimbursement, etc. Through this simple new offering, even employees who
do not have a checking account can now enjoy all the benefits and security of direct deposit.
Easy To Set Up & Easy To Use
Once the program is in place, you simply issue a Payroll Card to participating employees.
You then fund the Payroll Card with the employee’s net payroll by transmitting the funds
here to the bank. Your payroll administrators can even continue to use their existing
payroll software. The employee has access to their paycheck 24/7 and funds loaded onto
the Payroll Card can be withdrawn from an ATM. Additionally, the employee can also use
the card to make purchases using their PIN, or as a signature transaction.
Benefits
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Reduces employer payroll distribution cost/time
No lost or stolen checks
Eliminates stop payment fees and account reconciliation fees
Maximizes direct deposit participation via ACH file
Employee enjoys 24 hour access to funds via ATM
Eliminates check cashing fees for employee
Safer than carrying cash
Funds are immediately available to the employee. No need to be present to
receive a check and no waiting in long bank or check-cashing lines.
Payroll Card Program Choices:
VISA Branded – Cards are personalized and can be used for ATM, Point of Sale (POS) and
signature-based transactions. Cards and PIN’s are mailed separately for security measures.
Instant Issue (PIN Only Card) – Cards are issued instantly by employer and can be used
for PIN based POS purchases and ATM withdrawals.