What is a Payroll Card?
A payroll card is a "type" of prepaid card and is sometimes referred to as paycard or prepaid payroll card. The Money Manager Visa® Prepaid Card was specifically designed to be a product employers can offer their employees to receive wages instead of receiving physical paychecks.
Prepaid cards are "pre-funded" and you cannot spend more than the amount deposited to the card. This makes them ideal for individuals who have trouble spending more money then they have.
Not all cards are created equal especially when it comes to fees. If you read further you will see the Money Manager Card has a very low fee structure and offer great features. In short, The Money Manager Card is a great benefit for your employees. You can view our pricing here.
Read about the research the FDIC has compiled on the underbanked and unbanked across America
New York Times Blog
An analysis including the PEW research group on the New York Times blog Economix
Wikipedia On Prepaid Cards
The different kinds of prepaid cards and how they similar but not the same
Where it all began
A brief history about the beginnings of credit cards and how we got here