News Details

Visa and American Payroll Association Partner to Educate Businesses on Payroll Cards

02/10/2010
SAN ANTONIO & SAN FRANCISCO, Feb 10, 2010 (BUSINESS WIRE) -- The American Payroll Association and Visa in (NYSE:V) today announced the launch of the APA Visa Paycard Portal (www.paycardportal.com). The APA and Visa collaborated in the creation of the portal as an online resource to educate businesses about payroll cards. Payroll cards or "paycards" enable electronic wage payment to employees regardless of whether they have a traditional bank account.

"APA's partnership with Visa creates a true go-to resource for businesses to learn about payroll card programs and best practices," said APA Executive Director, Dan Maddux.

The APA Visa Paycard Portal offers a wide range of resources for payroll and finance professionals. Highlights of the site include:

  • An overview of the benefits of payroll cards for employers and employees
  • Best practices for implementing a payroll program
  • 'Points from the pros' allowing employers to ask questions about payroll cards programs
  • The latest industry news and webinars on key topics
  • Research on state laws that allow 100% electronic pay
  • Updates on legislative activity

"Through the combined expertise of Visa and the APA, payroll professionals now have valuable information on how payroll cards offer employers cost saving efficiencies while enhancing the payroll experience for employees -literally at their fingertips," said Nizam Antoo, senior business leader, consumer prepaid products, Visa Inc.

Paycards can eliminate the recurring production and administrative costs of printing and mailing checks, while bringing the convenience and security of electronic payments to employees lacking a traditional bank account. The employee's pay is deposited directly to a secure account, accessible through a payment card, rather than receiving a traditional paper check. Employees enjoy more immediate access to their funds and the ability to use the card for everyday expenses and to pay bills in person, online or by phone as well as to access cash at ATMs.

For more information, visit the APA Visa Paycard Portal at www.paycardportal.com.

About APA

The American Payroll Association is the nation's leader in payroll education, publications, and training. The nonprofit association conducts more than 300 payroll training conferences and seminars across the country each year and publishes a complete library of resource texts and newsletters. Every year, nearly 20,000 professionals attend APA training sessions. Visit APA online at www.americanpayroll.org.

About Visa Inc.

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks--VisaNet--that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com

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SOURCE: Visa Inc. and American Payroll Association (APA)

APA
Mark Coindreau, 210-281-3978
MCoindreau@americanpayroll.org
or
Visa
Kate Mulhearn, 650-432-1133
Kmulhear@visa.com