Payroll & Benefits Cards
Payroll & Employee Benefits Cards Solution
Easy Employer Onboarding
CoreCard’s program management portals provide easy options to add new cards either working directly with employers or with other agents who sell the cards to employers.
Integrated FSA, HSA & Benefits
The multi-purse functionality provided by the software allows offering employee FSA, HSA accounts and benefits on same card as their payroll. Authorization rules can be setup to direct medical expenses to the right bucket (FSA/HSA) on the payroll card.
Differentiation
CoreCard’s highly customizable platform and dedicated professional services teams allow it to implement unique features for program managers. The software’s architecture allows quick integration with any third party products enabling payment processors/HR services providers to issue and load payroll cards right from their core systems.
White Label Payroll Cards
The solution can be white labeled to allow program managers issue payroll cards on behalf of other third parties, payroll processors, HR services providers or regional agents etc.
Reports
Comprehensive reporting is available in various categories allowing program managers to manage risk, perform accounting and identify hidden problems and opportunities.
Cross Sell Opportunities
In addition to processing payroll card programs, CoreCard also offers business expense card programs which can become very profitable part of program manager’s portfolio by simply tapping into its existing customer base.
Payroll & Benefits Card Solution Features
- Instant issue cards, card personalization
- Real-time configurable cardholder alerts
- Card to Card and Card to Bank Funds transfer
- Employee self-service portals
- Remittances recipients outside the U.S.
- Integrated Bill Payment services
- Savings Account
- Employee loans
- Usage based reward points
- Dynamic Overdraft
- iOS and Android Mobile Apps
- Reload Networks: Green Dot, Western Union, Visa Readylink, Mastercard Repower etc
- Direct Deposits from individuals, employer, government
- Fraud alerts and reports
- Budgeting, control & spend tracking features
- Integrated HSA, FSA and payroll card
- Remote check deposit to prepaid card using a mobile phone
- Check writing