Learn the information you need to choose and implement a paycard program and ensure compliance with any federal, state or banking requirements.
When employees are unable, or unwilling, to use direct deposit for their compensation, a live check is provided. Live checks are not a cost-effective way to pay employees but, for some employees, a brick and mortar bank may not be an option. Businesses experience the administrative burden of voiding and reissuing lost checks, the costs of check printing and processing, and processing outstanding checks per state escheatment requirements. When providing employees with paycards, businesses avoid reissuing lost or damaged checks, the banking and supply costs of live payroll checks and managing uncashed check concerns with escheats. Businesses can reduce costs associated with live checks and use paycards in many different ways to benefit employees. This topic will provide businesses with the information they need to choose and implement a paycard program, communicate the benefits of the use of a paycard and ensure compliance with any federal, state or banking requirements. Utilizing and implementing a paycard program at your organization is a win-win scenario.
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Payroll Cards
- Defining Paycards
- When to Use Paycards
- How to Use Paycards
How and Why to Use Payroll Cards
- On-Demand Pay With Paycards
- Advantages of Paycard Use
- Requiring Paycard Use
Guidelines and Compliance With Payroll Cards
- Federal Paycard Regulations
- State Paycard Regulations
- Banking Regulations
Payroll Cards Best Practices
- Choosing the Right Paycard for Your Company
- Policies and Procedures for the Use of Paycards
- Communicating Paycard Opportunities to Employees
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 8, 2021.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
HR Certification Institute 1.5
- This E-Learning program has been approved for 1.5 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.25
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.25 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Tricia Richardson, CPP, SPHR, SHRM-SCP
Purposed Payroll Professional
- President, Purposed Payroll Professional
- Human capital management consultant that focuses on payroll and human resources best practices and regulatory compliance audits
- Conducts regular webinars on all topics related to human capital management and payroll processes, regulatory compliance, and best practices
- Regular contributor to Paytech Magazine
- National speaker for the American Payroll Association, Payroll Certification Study Group Leader, and Human Resource Certification Study Group Leader
- Bachelor of Science in Management Studies, minor in psychology, University of Maryland University College
- Can be contacted at [email protected]
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
