HR New Hire

The Paycard is a simple, secure, and cost-effective alternative to paper checks for payroll, expense reimbursements, and more.

Payroll & Electronic Funds Distribution

HR New Hire offers a simple, cost-effective alternative to paper checks for distributing funds to both banked and unbanked employees. Paying employees with the Paycard provides the convenience and flexibility of electronic payroll in a secure, card-based solution - without the need for the cardholder to have a bank account.

Extend electronic payments to employees who don't qualify for direct deposit

• Unbanked workers
• Temporary workers
• Seasonal workers
• Geographically dispersed employees

Ideal for payroll and more

• Expense reimbursement
• Termination pay
• Emergency funds
• Per diems
• Settlements

How it works

The Paycard serves as a virtual account for employees, providing many of the conveniences of a bankcard - without requiring a bank account.

• Transfer payroll funds to HR New Hire - just like direct deposit
• We load funds to each employee's Paycard in real time
• Employees use their Paycard to access funds - at Cirrus® ATM or Maestro® POS locations - or write a Comchek® draft against the balance

Advantages

• Flexible access to funds. The Paycard is accepted worldwide at more than 10 million Maestro® point-of-sale locations and more than 1.3 million Cirrus® ATM locations worldwide.
• More secure and economical than check cashing services
• PIN-based security
• Free, secure online access to account information
• Cardholder Welcome Kits available in English and Spanish

Simpler, less expensive processing for employers

The Paycard reduces the expense of paper-check production, distribution and reconciliation.

• Eliminates lost checks and check fraud
• Funds transferred instantly and securely
• Immediate distribution of expense reimbursements and termination pay

Easier, more efficient employee time management solutions

Electronic payments made with the Paycard, also offer the benefit of the e-Paystub online time reporting system. The e-Paystub solution allows employees to record their timesheets electronically and gives employers the ability to record, approve and manage employee time and attendance.