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
Utah Pay Card Compliance
Besides being a service-based business, we are compelled to uphold the state-imposed mandates governing their use. As we do each month, we take several of the requirement categories and compare the legal requirements governing them and insight into how rapid! PayCard® complies. Our online, interactive map offers a state-by-state update on legal requirements. Here’s a look at the current payroll requirements in Utah; a state in which paperless pay is permitted: Employer Costs and Incentives Legal Requirements: No provision expressly addressing employer costs or incentives. However, an employee may not be required to refund or rebate any part of the employee’s wages except in accordance with the rules regarding wage… Read More
Florida Pay Cards and Compliance
Our singular focus? To provide employers with innovative and responsive payroll card programs. We observe industry-wide best practices for the delivery of high-quality payroll cards that maintain the alternatives of choice, safety, affordability, transparency, and convenience. While our obligation is to maintain adherence to state and federal regulations, we also keep our clients well-informed of those ever-evolving payroll laws. To that end, we provide our customers with a consistently updated, interactive map which serves to deliver a state-by-state update on legal requirements and how rapid! PayCard complies. For example, here’s a look at some of Florida’s legal requirements and how we address them: Cash Access State Statute: Payroll debit cards… Read More