SOLE Financial, a rapidly growing company in the payroll card marketplace, has partnered with Corporate Payroll Services, to offer its paycard solution to Corporate Payroll’s 6000+ small- and mid-sized businesses across the U.S.
Corporate Payroll Services’ decision to partner with SOLE Financial was based on the low cardholder fees and outreach programs available to its payroll customers. Unlike other payroll cards, which charge initial and ongoing mandatory monthly fees, SOLE’s payroll cards only have optional service fees for employees. The outreach program SOLE provides to its cardholders stood out as a commitment to ensure that product users are knowledgeable about the card and its services.
Convenience is also a major appeal of payroll cards for Corporate Payroll Services’ clients. For example, one client with over 200 employees in six locations found that signing and passing out checks took too much time. The switch to payroll cards made it possible to avoid the inconvenience of paper checks and ensure that funds were available to employees on payday.
Giving unbanked employees a direct deposit option is just part of Corporate Payroll Services’ commitment to offering unparalleled and comprehensive payroll services to their clients. Partnering with SOLE and providing a payroll card solution helps their clients pay their employees on time and through direct deposit.
“Providing our paycard solution to a great payroll processing company like Corporate Payroll Services is part of SOLE’s mission to give the un- and underbanked an option in how they get paid. If you’ve been on direct deposit you understand the overwhelming conveniences. Having a payroll card option provides a valuable bridge to allow every employee to benefit, not just those with a traditional bank account,” said Tom Secor, president of SOLE Financial. “Paycards also help businesses pay their employees on time, without hassle and through direct deposit.”
“Through our relationship with SOLE Financial, we can offer clients with unbanked employees the convenience of direct deposit and secure, access to pay on payday with SOLE payroll cards,” said Joe Beverly, president of Corporate Payroll Services. “Employers don’t have to worry about lost checks, and employees don’t waste time or their pay cashing checks at expensive check-cashing stores.”
Corporate Payroll Services
Corporate Payroll Services is a leading provider of comprehensive payroll services to over 6000 small- and mid-sized businesses across the US. Leveraging over 25 years experience, Corporate Payroll Services combines full service payroll processing, exceptional pricing and knowledgeable, personal customer service, so its clients can focus on growing and managing their businesses. For more information, visit www.corpay.com.
The SOLE® Visa® Payroll Card is issued by Axiom Bank, member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.