rapid! Paycard provides your employees a fast, convenient, and secure method of accessing payroll and paystub information in full compliance with all applicable laws and regulations. Your employees can have their payroll directly deposited onto the rapid! PayCard. It is not a credit card; it is a pre-paid debit card and requires no credit check or checking account. There are zero employer fees for the rapid! PayCard program, including no fees for card inventory, no training fees, and no paycard implementation fees. The paycard is built on intelligent “neural network” security that learns a cardholder’s behavior rather than rudimentary state geographic transaction systems, thus ensuring fraud protection. APIs allow for seamless integration with any payroll software or providers (if the provider supports API integration).
With rapid! OnDemand, employees get access to earned wages when they need them. Employees gain easy access to accrued wages, with convenient delivery options from immediate to two days. The corporate payroll office requirement is only a daily file interface, interfacing with payroll and time and labor systems to track and value accrued labor, thereby eliminating risk. There are policies that govern access amount and frequency. Employees access accrued wages instantly via the web application, and funds are then deducted from the subsequent payroll deposits.