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NACS Payroll Card Program from Money Network®

​A Payroll Solution that Saves Your Company Money and Improves Your Employees’ Lives

10 million households in the country are unbanked, and another 24 million are underbanked* (individuals without access to traditional banking services). Many of these households represent hard working employees at companies like convenience and fuel retailers—employees like yours. When they get paid, these individuals typically cash their paychecks at a check-cashing store, frequently incurring large fees while left without control over their finances.

Employers often spend thousands of dollars for the production, printing and distribution of printed paychecks—adding up to substantial business costs.

To help both employers and their employees, NACS has partnered with Money Network, a First Data Company, to offer the Money Network Service—a solution that helps reduce retailers’ payroll expenses while enabling their employees to avoid the costs associated with cashing paper paychecks.

How it Works
The Money Network Service works in tandem with most existing payroll software.

Once your company elects to participate, employees who opt-in to use the Money Network Service receive a Money Network MasterCard® Prepaid Card issued by MetaBank® along with Money Network Checks. Their pay is deposited directly into their Money Network Account, letting them make cash withdrawals from ATMs, use their debit card for everyday purchases and manage their Account using the Money Network Mobile App or online at any time.

Benefits for Your Company and Your Employees
The NACS Payroll Card Program from Money Network enables you to provide 100% electronic pay while reducing administration burden and costs. You can easily issue payment to employees and allow them to access 100% of their funds using the safe alternative of the Money Network Card and Money Network Check.

Employer Benefits include:

  • Reduced costs in payroll production and distribution
  • 100% electronic pay across your organization
  • Staff monitors compliance and regulatory changes
  • Online reporting tools available to manage your program

If you’re still incurring the expenses of issuing paper checks, it might be time to reconsider your approach—and the NACS Payroll Card Program from Money Network can be your solution. To learn more about how the program can work for your business and your associates, NACS offers a complimentary, no obligation consultation. Simply provide your contact information to the form at right and we’ll be in touch with you shortly.

* 2013 FDIC National Survey of Unbanked and Underbanked Households

©2016 NACS and First Data Corporation. All Rights Reserved. All trademarks, service marks and trade names referenced in this material are the property of their respective owners. The Money Network MasterCard Prepaid Card is issued by MetaBank, Member FDIC, pursuant to a license from MasterCard International Incorporated.

 

 Contact for NACS Payroll Card

 

​If you’d like to get started discussing the benefits of the NACS Payroll Card Program, please contact:


Doug Spencer

Director, Products and Services
(703) 518 - 4293 

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 Free Consultation

 

If you’re a retailer and are interested how this program can save you money, we’re offering a free consultation with no obligation. To learn more, simply provide your information below and we’ll be in touch.

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