The Employer has an option to have their company name appear on the card (larger companies only). The Payroll card is ordered and paid for. The product is received at the Employers location in two to three weeks of ordering. The Employer assigns card number to Employees and houses the information in our database. The Employer logs into our secure database and completes the on-line loading function for the current pay period. This can be done one Employee at a time or a batch method of all Employees. The funds are directed into the stored value card account. The cards are distributed to Employees with payroll funds loaded and an instructional sheet for “how to use your card”. The Employee is instructed to call or go on-line to change the temporary PIN number and register the card (first time use only). Payroll companies can choose to collect additional data for extra reporting functions. I.e. (what shift, what department, etc) to provide additional reporting capabilities to the Employer. Prices for the payroll card is negotiated on a per account basis.

Banquecard Payroll Card
· No bank account required by your employees.

A PIN based card accepted at over 3 million retail locations.
Cash access at ATM’s worldwide (with PIN number).
Value loading available at retail locations.
Load funds from any banking account to the payroll card account.
Deposit monies from your Banquecard to savings/checking accounts.
Pay bills and set up automatic EFT payments.
Replaceable if lost or stolen.
Safe, Secure and Affordable.
No credit card fraud - card is good for the value loaded only.
Receive expense account reporting
Payroll Card Benefits
· A wage disbursement account for employee’s that have not developed a banking relationship and cannot take advantage of direct deposit.

· Reduce Costs associated with paper payroll:

1. Eliminates replacement cost/ time of lost or damaged checks.

2. Offers a direct deposit method for the un-banked.

3. Reduces down time of cashing payroll checks during business hours.

4. Exception, special payment, and bonus checks

5. Physical paper media production and handling.

6. Overnight courier deliveries

7. Reconciliation and processing fees.

· Spouse and Family members have immediate access to funds without interrupting employee’s work schedule.

· Out of area employees have immediate access to pay. No checks to be sent, no out of area banking problems.

· Employees can deposit funds to checking or savings accounts, or set up direct EFT transactions to pay bills.

· Employees with no banking relationship no longer have to bank with check cashing facilities. Instills employee loyalty.

· Reduces paper check fraud exposure.

· Increases your company’s advertising with branding of your logo

Banquecard Employer Payroll Processing

The Banquecard is an electronic funds deposit system that enables an employer to electronically pay 100% of his/her employees, even those without bank accounts. It has significant advantages over conventional ACH or Direct Deposit systems:

· Electronically pay “unbanked” Employees – Giving a Banquecard to your unbanked employees allows you to pay them as easily as your employees with bank accounts.

· More Reliable than Direct Deposit – The Banquecard is a permanent electronic bank account, which does not change. All funds are transmitted to a single bank. Employees with Banquecards will receive their funds on time, accurately and have immediate access to all their funds on payday.

· Faster than Direct Deposit – Direct Deposit procedures require payroll deposits to be made up to three (3) banking days before payday. With Banquecard, you can run your payroll and pay employees no later than the previous day.

· Instant Corrections and Manual Checks – No FedX or couriers for missing checks or for new/terminated employees. You can instantly fund individual Banquecards using our Internet or telephone service. New employees can be issued an “instant banquecard” on the day of payroll.

· Works with Existing Payroll Systems – If your existing payroll software or payroll service uses Direct Deposit, you can start using Banquecard immediately without changes to your current processes.

· Compatible with Internet Payroll Services – Banquecard is also compatible with the new “virtual payroll” services, which calculate payrolls and issue paychecks through data you input over the Internet. If interested, Virtual also provides these described services.

· Optional Benefits Enhance Value — Banquecard has cost effective, optional benefit packages for the employee that can make the card much more valuable.

Payroll Bank Account Options

There are three (3) different options for setting up your bank accounts to work with Banquecard:

· Currently use direct deposit – If you currently use direct deposit and wish to make payroll deposits to Banquecards using the same system, you don’t need to make any changes. You currently have a bank account for each employee consisting of an ABA Bank Code and an Account Number. Each of your employees with a Banquecard will have an ABA Bank Code and a virtual account number. Once you enter all the Banquecard numbers into your payroll software system or Direct Deposit system, those employees will be paid using direct deposit.

· Use Banquecard deposit bank for Banquecard payroll – If you wish to establish a payroll account with the Banquecard bank, it will give you faster payment of your payroll. ACH can take up to two days, while funding your Banquecards from your account at our bank is instant!

· Use banquecard deposit bank only for “instant funding” – You may wish to maintain only a small balance account at the Banquecard bank just for instantly funding for new employees, correcting checks or fast expense advances and reimbursements.

· Individual Store (Small Employer) method – You can maintain a payroll account at the banquecard bank and use the Internet or our automated telephone system to fund individual cards one-at-a-time. This is simple but only practical for less than 100 employees per payroll.

Procedure if you Currently use Direct Deposit

If you currently use Direct Deposit to pay some of your employees, here are the steps to implement the Banquecard:

1. Provide your sales representative with an Excel spreadsheet file of your employees who will be issued Banquecards. We will need their full name, mailing address and social security number.

2. Banquecards will be issued and directly sent to your employees or sent to you for distribution. You will receive a list and database of employees along with the number of their new Banquecard.

3. Into your existing payroll system or service, enter the Banquecard ABA Bank number and Account (Card) Number for each employee.

4. Run your payroll and generate your Direct Deposit as you do now and your Banquecard equipped employees will receive their net payroll the next banking day.

5. Distribute pay stubs as you do now or print them off on-line.

Procedure if you use the Banquecard bank

If you wish to maintain a payroll account at the Banquecard bank for funding Banquecards, here are the steps to implement Banquecard:

1. Provide your sales representative with an Excel spreadsheet file of your employees who will be issued Banquecard. We will need their full name, mailing address and social security number.

2. Banquecards will be issued and sent directly to your employees or sent to you for distribution. You will receive a list and database of employees along with the number of their new Banquecard.

3. Into your existing payroll system or service, enter the Banquecard ABA Bank number and Account (Card) Number for each employee.

4. Run your payroll; generate your Direct Deposit payroll file for Banquecard equipped employees and upload that file on the Banquecard secure Internet site.

5. If you have sufficient funds in your payroll account at the Banquecard bank, then your Banquecard equipped employees will receive their net payroll within one (1) hour of your data file upload.

6. Distribute pay stubs as you do now or print them off on-line.

Immediate Pay or Make Corrections

Procedure to instantly fund existing employees Banquecard account due to Payroll calculation errors,expense advances, or new employees.

1. Log onto the Banquecard secure Internet site and access your employee records area.

2. Select the employee you wish to pay manually.

3. If you are paying a new employee without a Banquecard, select the number of the “Instant Banquecard” you have given the employee from your card stock at your office.

4. Select the funds payment feature and enter the amount to be paid.

5. When complete, the amount will be instantly credited to the employees card account and instantly deducted from your payroll account at the Banquecard bank.

6. Distribute pay stubs as you do now or print them off on-line.

Distributing pay stubs

When you use Direct Deposit or Banquecard for electronic payroll disbursement, you are still required to distribute to your employees the information contained on their pay stub. There are a number of options available to you:

· Mail – There is no requirement to have pay stubs available on payday. You can generate them from your payroll software and mail them in bulk to your individual offices/sites for distribution to employees.

· Emails to Office – Many companies email all the pay stub information to a store manager or supervisor at each location who prints the stubs and distributes them.

· Virtual Payroll – There are Internet-based “virtual payroll” services that compute your payrolls, make tax deposits, generate government reports and provide secure Internet sites where managers can download and print pay stubs for the employees in their office.