Paychex Announces Payroll Card Solution for SMBs
Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, has announced the Skylight PayOptions Program, a payroll card program that allows employers to provide employees with a convenient alternative to traditional direct deposit and paper paychecks by directly depositing their wages onto the Skylight ONE Prepaid MasterCard. NetSpend will serve as the exclusive program manager and processor for the Skylight PayOptions Program.
“Paychex is enhancing its outsourced payroll solutions and giving our clients and their employees a payroll card solution that meets the highest quality standards, through our partnership with NetSpend and MasterCard,” said Michael Gioja, senior vice president of information technology and product management and development at Paychex. “With this new program, our clients have access to a variety of resources and robust product features and benefits to meet their payroll needs, as well as the needs of their employees.”
Employees who opt to directly deposit their wages onto a payroll card may choose to use the card as a means of fee-free access to their wages via over-the-counter cash withdrawals at any MasterCard member bank and domestic ATM cash withdrawals within the Allpoint network. Employees may also use it to gain affordable access to valuable features such as online bill payment, cash-back rewards, budgeting tools, text and email alerts, and others.
“The small businesses Paychex serves can now realize even greater benefits from payroll, especially for employees who can now enjoy the convenience and security of direct deposit and a range of choices and features to make the card work for their individual financial circumstances,” Chuck Harris, NetSpend president, said.