Payment processor First Data has developed a new prepaid payroll solution in partnership
with US software and payroll services
company Sentric.
The BRIO Card aims to reduce the volume of paper pay
checks and statements issued to the 200,000 people employed
by Sentric’s payroll clients.
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“In addition to our traditional direct
deposit service, our clients can offer their employees, those with
and without bank accounts, immediate access to funds on pay day
without a fee and with the added convenience of accessing their
cash at thousands of locations nationwide using their BRIO Card,”
said Mike Maggs, CEO at Sentric.
The prepaid BRIO cards will make workers’ funds
available across
the MasterCard networkincluding stores, online and over the
phone.
“Users can manage their accounts with features
such as checking their account balance online and by phone;
receiving balance updates via text or email; and loading funds from
various sources including a second job, child support and
government benefits, ” said Mark Putman, senior vice president,
Prepaid Solutions, First Data.
“Our clients, especially those who share
our vision for environmental sustainability, can now offer every
employee a green option for receiving their wages on pay day,”
completed Maggs.
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By GlobalDataSentric supplies thousands of middle-market
organisations across the US with cloud-based personnel
management software. The platform includes payroll, human
resources, and time and labour management solutions.
