Reduce payroll processing costs
Eliminate check printing and processing, costly out-of-cycle checks and charges for reissued lost or stolen checks. Like direct deposit, escheatment activities will be handled by the bank.
Visa Prepaid cards
Simplify issuing payment—from payroll to promotions to benefits.
Find a healthcare solutionVisa Prepaid card
Visa Prepaid cards help enterprises and government organizations save money by replacing costly paper processing with safer, convenient electronic disbursements.
Payroll
Visa Payroll cards are reloadable prepaid cards that can be used to pay both W2 and 1099 workers. Each pay period, your employees’ pay is automatically loaded onto their card, so they can access it on payday — not after.
Employees can then use their cards online, in stores and everywhere Visa Debit cards are accepted. Maybe that’s why 86% of surveyed payroll cardholders said they preferred them to checks1.
1 Results based on a 2013/14 online survey off active Payroll cardholders conducted by Ipsos, as a commissioned agent of Visa.
Explore Visa Payroll and its Benefits
The Visa Payroll card is easy to implement and provides a convenient, cost-effective alternative for disbursing salary and wages via traditional paper paychecks. Employees appreciate the convenience of getting paid electronically and your finance team will love the savings. Why pay more for paper checks?
Efficient and secure payments
Streamline payroll operations and expand direct deposit to all employees—even those without a personal bank account. Payments are handled electronically and delivered on time.
Convenient for employees
Give employees faster access to their funds, increased control over finances, the convenience of worldwide acceptance, and security enhancements to keep their funds safe.
The Visa Payroll Card Financial Literacy website provides you with tools and resources that you can offer to your employees to help them make better financial decisions
Free eLearning Course
Whether you have an existing payroll card program in place or are considering offering one to your employees, Visa has created this one hour eLearning course to help you understand the important role you play in ensuring employee choice and informed consent.
To learn more about the course, click here
To register and take the course, click here
* Upon successful completion of the 60 minute course, you will earn 1 Recertification Credit Hour (RCH)
Healthcare
Visa healthcare cards connect employees directly to their health benefit funds, and are as easy to use as debit cards.
Incentives
A cost-efficient way to reward behavior, drive revenue and build brand value.
Rebates
The better the rebate, the better the results. Visa Incentive cards are an economical, flexible, and easy-to-use alternative to time-consuming paper-based rebate check programs.
Types
- Manufacturer rebates
- Retailer rebates
- Mail-in rebates
- Instant rebates
Benefits
- Motivates purchases and drives sales
- Streamlined distribution lowers related costs
- Faster to execute than traditional incentive solutions
- Allows direct spend to specific merchant category codes—such as gas merchants or the retailer providing the rebate—for maximum program control
Consumer promotions
Visa Prepaid cards are easy to use and completely customizable. Plus, Visa's flexible platform can support a full range of uniquely branded promotions to meet your consumer program objectives.
Use Visa incentive cards for consumer promotions
- Automobile test drives
- New product trials
- Sweepstakes-based incentives
- Subscription-based incentives (such as cell phone subscriptions)
- Customer goodwill and appreciation
- Tradeshow traffic builder
Get measurable benefits
- Custom-designed cards generate brand awareness with each use
- Imprint the cardholder’s name for a personalized touch
- Select non-personalized cards for instant issuance
- Virtual cards are available for promotions involving small denominations
Channel incentives
Your channel partners will appreciate the convenience and choice. Your Finance Department will appreciate the streamlined costs.
Visa Incentive cards motivate third-party sales partners by putting flexible financial rewards in the palm of their hands. You can set rewards to dollar volume or sales of specific products.
Uses
- Increase overall sales/purchase volume
- Distribute direct-selling commission payments
- Promote a particular product or line
- Encourage new product training
- Launch new products
Benefits
- Scalable reward amounts support any volume of incremental sales
- Reduces operating costs compared to traditional reward programs
- Pays commission sales associates faster and more efficiently
- Enables clear messaging to support your goals
- Faster to execute, so you can recognize results in a timely manner
- Allows direct spend to specific merchant category codes—such as travel-related merchants—for maximum program control
- Easily distribute cards to international recipients
- Optional reloadability is perfect for ongoing programs
Employee rewards
Take the guesswork out of sales and marketing incentives. Use the cards to recognize service, pay out bonuses, reward sales performance or commemorate sales training completion.
They can also help achieve specific business objectives, such as improving customer service or job safety, driving sales targets, and cross-selling products.
Give the reward they'll remember
- Sales awards
- Bonuses
- Service awards for recognizing employee tenure
- Performance recognition
- Health and wellness rewards
- Workplace safety awards
- Gifting
- Training completion
- Employee referrals
- Sales referrals
- Commissions
Benefits
- Create lasting appreciation by offering choice and value
- Reduce operating costs
- Allows direct spend to specific merchant category codes—such as travel-related merchants—for maximum program control
- Easily distribute cards to international recipients
- Optional reloadability is perfect for ongoing programs
Insurance
Simplify insurance claim disbursements for both carriers and consumer.
Contact us for information at [email protected].
Prepaid insurance solutions
Give insurance carriers the flexibility to make multiple claim disbursements on a single reloadable prepaid card or a one-time disbursement on a non-reloadable product.
Claimants enjoy the security and convenience of immediate access to funds, even if they do not have a bank account, and insurance carriers can reduce the time and cost of claims payments.
- Workers Compensation
- Disability
- Property and Casualty
- Auto
Prepaid for government
Making it easy for government agencies to distribute benefits, emergency payments, and other government-to-constituent payments. Email us at [email protected]
- Reduces taxpayer expense to print and mail costly paper checks
- Saves time by making payment administration and compliance more efficient
- Cuts down the potential for fraud
- Controls use through merchant acceptance restrictions, if needed
- Delivers funds during disasters, emergencies, and when mail is disrupted or mail boxes are gone
- Provides recipients with a safer, faster and easier way for recipients to access their needed funds by paying bills, making purchases, and accessing cash.
- Gives the unbanked and under-banked community more financial services and options
- Helps cardholders learn about money management through Visa’s free financial literacy program
- Offers cardholder discounts to use at popular, everyday merchants as permitted
You may also be interested in
CFS Innovation's Compass Guide to payroll cards
Payroll cards can be essential to employees' financial health. We've committed to the best practices outlines by SFSI so we can be the strongest possible partner.
Commercial + government cards
Find the payment solution that's best for your organization.