Visa is paying out a jackpot to vendors willing to bet against old money, and roll the dice on cashless transactions. Visa will give $10,000 to 50 restaurants that pledge to go cashless. The new initiative, what Visa executive Jack Forestall calls “a journey to go cashless,” will incentivize vendors to rip off the bandaid of paper transactions and progress to a cashless system. The money can be used for marketing and updating point of sale technology to focus payment exclusively on credit and debit cards and electronic payment. Visa will select participating merchants in August. Cash remains the predominate method of payment, according to the Federal Reserve. A report… Read More
Benefits of PayCards for HR Managers
It’s not often that one technology can accommodate the needs of a variety of industries. But when it comes to paying employees and supporting the associated payroll costs, our prepaid card has transcended the differences! There do exist some misconceptions about pay cards and how they work. They have gotten a bit of a raw deal due to nefarious companies who gouge their customers. In other words, a great concept distilled by greed. Not here. Our pay card concept is a straightforward, affordable one. As a prepaid card, it allows employees to receive and access wage payments, and also load government benefits or cash. The cardholder may then use the card… Read More