MasterCard Payroll Cards For Business MasterCard Bank Card Program

MasterCard research shows that employers today have misconceptions about payroll card programs and do not understand how they work and how they can reduce the cost of payroll distribution. This creates a significant opportunity for payroll card program providers to grow their businesses by closing this payroll card “education gap.”

When compared to traditional paper paychecks, payroll cards represent an opportunity for employers to reduce the cost of payroll disbursement by as much as $223 per employee per year, while delivering a new benefit that enables employees to keep more of the money they earn.

Payroll cards are especially valuable to the more than 60 million people in the U.S. who have no relationship with a bank (unbanked), or a limited one (underbanked).

Employer Benefits

• Reduce payroll expenses

$223 Using payroll instead of paychecks reduces the typical employer’s payroll costs by as much as $223 per employee per year.

• Compliant in all states • Works with existing payroll processes • Web-portal with no IT integration • Instant issuance • Turnkey marketing materials • Funds kept in and FDIC-insured account

Employee Benefits

• Funds available immediately • No credit check or bank account required • MasterCard global acceptance and MasterCard Zero Liability Protection • Expense management and budget tracking • Eliminates check cashing fees • No need to carry cash • Card-to-card transfers • Additional cards for family and friends

Free Text Alerts and Mobile Banking Account Access

• Load notifications • Transaction activity • Balance alerts • Online bill payment • Low balance warnings

PAYROLL CARD Card Purchase $4.00 FDIC Insured - Yes Reloadable - Yes Minimum Load - $0.01 Maximum Load - $9999.99 Maximum Stored Value - $9999.99

GENERAL PURPOSE RELOADABLE Card Purchase $4.00 FDIC Insured - Yes Reloadable - Yes Minimum Load - $0.01 Maximum Load - $2500.00 Maximum Stored Value - $5000.00

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© Four Corners Community Bank. Member FDIC. Rev 6.10.16