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Payroll Cards: Today, Tomorrow and the Future

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.

87 minutes
Course Exam
Certificate of Completion
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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
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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.

No Credit Available

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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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

Tricia Richardson, CPP, SPHR, SHRM-SCP

Purposed Payroll Professional

  • More than 25 years of experience in all aspects of workforce management (payroll processing, taxation, employee handbooks, human resources, benefits, etc.)
  • Certified Payroll Professional (CPP) through the American Payroll Association (APA), Senior Professional in Human Resources (SPHR) through the HR Certification Institute, and a Society for Human Resource Management Senior Certified Professional (SHRM-SCP)
  • Member of the National Speakers Bureau for the National American Payroll Association (APA) and a contributing writer for Paytech Magazine
  • Serves as the treasure of a York County Pennsylvania Non-Profit Association
  • Involved locally through the Susquehanna Valley Chapter of the American Payroll Association, having served in various roles on the board of directors and as a contributor to the certification study groups
  • B.S. degree in management studies, University of Maryland University College
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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.

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Product ID: 407477
Published 2021
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