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Employee Benefits to a Pay Card

Topic:
Employee Benefits to a Pay Card
Date:
July 10, 2012 at 1:00 - 2:00 PM ET
Presenters:
Chelsea Tuck, CSP, Business Development Manager(TFG Card Solutions, Inc.)
Erik Farleigh, Business Development Manager(TFG Card Solutions, Inc.)
webcastImgVirtual
Description
Have you ever wondered why anyone would willingly choose to receive a paper check in lieu of direct deposit? The truth is that many simply cannot qualify for a traditional bank account. Their reasons for being unbanked vary (setup and maintenance fees, language barriers, credit issues, etc.), but the end result is the same; employees who can least afford paying fees, pay the most.

We can all agree that direct deposit is a very good thing, but a recent FDIC study showed that over 25% of the U.S. workforce is un-banked; many simply cannot qualify for a bank account. Unless you provide a viable pay card alternative, those employees are left with one option; cashing their paycheck at an exorbitant fee.

On average, your paper check employees are spending upwards of $600 annually to access and use their hard earned pay. Every payday, unbanked employees are left with the costly, time-consuming dilemma of how to convert their paper check into cash. Most stand in line at predatory check cashing stores, where they are ultimately forced to pay a hefty percentage of their net pay, simply to access their funds. And the headaches and fees don’t stop there! To pay rent, utilities, auto loans, cell phone bills, etc., employees must purchase money orders… yet another fee.

The solution…
A company sponsored pay card program, so that EVERY employee can participate in direct deposit! With the right pay card vendor, those same employees have instant (and free) access to their money on payday. Paying bills, making purchases, accessing cash, and sharing funds with family members has never been easier.
Who Should Participate
Payroll & HR Professionals, CFOs, Decision-Makers, Controllers, Pay Card Project Managers, Payroll Providers, Progressive Employers, etc.
What You Will Learn
1. Why it’s critical for companies to make a pay card available for employees 2. The obvious (and not-so-obvious) ways that employees can save money with a pay card 3. Why even your “banked” employees can benefit from a pay card
Recommended Resources
http://www.economicinclusion.gov/
http://www.payitgreen.org/media/travels.html;
http://economicinclusion.gov/key_findings.html;
http://www.tfgcard.com/blog/index.php/hi-tech-industrial-services-eliminates-paper-checks-with-payroll-debit-cards/;
ElectronicPayments.org;
http://www.time.com/time/magazine/article/0,9171,1005909,00.html;
http://money.msn.com/tax-tips/post.aspx?post=0c147a2e-a92c-484a-9dae-300dbd652601;
http://news.change.org/stories/living-without-a-bank-account-is-costly
Communities
Benefits
Compensation
Human Resources Management
Core HR: Payroll for HR and HRIS
Workforce Planning and Analytics
Compensation Trends
Incentives Measurement, Reporting and Analysis
Compensation Measurement, Reporting and Analysis
Compensation Planning and Management
Compensation Modeling and Forecasting
Payroll
Incentives, Rewards and Recognition
Pay Strategies
Voluntary Benefits
Employee Wellness
HR Industries
Agriculture, Forestry, Fishing and Mining
Computer/Telecom
Construction
Education
Finance, Insurance and Real Estate
HR in Government
Health Services
Hospitality
Manufacturing
Media & Entertainment
Non-Profit
HR in Retail
Services
Transportation and Public Utilities
Travel, Recreation and Leisure
Wholesale Trade
Presented by
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speaker spacer
Chelsea Tuck, CSP
TFG Card Solutions, Inc.

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Erik Farleigh
TFG Card Solutions, Inc.

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Event Sponsors
TFG Card Solutions, Inc.
TFG: The paycard people
File List
Feedback
Name Comment Rating
Image of Ericka Browne, SPHR-CA, GPHR Ericka Browne, SPHR-CA, GPHR
Blue Water Thermal Solutions
3 / 5
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AllianceBernstein L.P.
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Jr Simplot Co
3 / 5
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Image of Lauri Wynn Lauri Wynn
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3 / 5
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3 / 5
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Image of Okaibea (Bebe) Forson Okaibea (Bebe) Forson
CommonWealth One FCU
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Image of Lisa Dlugo Lisa Dlugo
Koch Modular Process Systems, LlC
3 / 5
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Image of Nick  Fairless Nick Fairless
Trinity Industries, Inc.
5 / 5
Excellent Presentation
4 / 5
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Image of Stephanie M. Sylvester Stephanie M. Sylvester
Consultant (HR) Maryland
5 / 5
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Image of Mike Hammer Mike Hammer
SP3M Group LLC
5 / 5
Excellent Presentation
Image of Jodi Gulla, CPP, PHR Jodi Gulla, CPP, PHR
Universal Hospital Services
5 / 5
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Image of Stephanie Huff Stephanie Huff
Tire Discounters
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Jackie Locken Jackie Locken
Mediacom Communications Corporation
3 / 5
Good Presentation
Image of Maria Wormley Maria Wormley
Penn Medicine
4 / 5
Very Good Presentation
Image of Cassandra Richardson Cassandra Richardson
Wells Fargo & Company
4 / 5
Very Good Presentation
Image of Angela Feist Angela Feist
D R Horton, Inc
3 / 5
Good Presentation
Image of NANCY LUBECK NANCY LUBECK
KaMin LLC
5 / 5
Excellent Presentation
Image of Donald Sabathier Donald Sabathier
Sabathier & Associates
5 / 5
Excellent Presentation
Image of Robyn Miller Robyn Miller
NMPA Group
4 / 5
Very Good Presentation
Image of Brandy Sperry Brandy Sperry
People Etc
4 / 5
Very Good Presentation
Image of Dalene Crowder Dalene Crowder
Verizon Telecom
4 / 5
Very Good Presentation
Image of Brent Mizel, SPHR Brent Mizel, SPHR
MGM Resorts International Operations
3 / 5
Good Presentation
Image of Christina Varner Christina Varner
City Hospital
4 / 5
Very Good Presentation
Image of Laura Wilson Laura Wilson
County Of Marin
5 / 5
Excellent Presentation
Image of Lorrie Miller Lorrie Miller
Louisiana Pacific Corporation
5 / 5
Excellent Presentation
Image of Lisa Castro Lisa Castro
Boys & Girls Clubs of Greater Houston
4 / 5
Very Good Presentation
Image of Dorothy Sterling Hill Dorothy Sterling Hill
County of Lackawanna Transit System
3 / 5
Good Presentation
Image of Laura Rhoad, SPHR Laura Rhoad, SPHR
Shaw Development
Chelsea was very difficult to hear. She spoke too quietly or too far from the microphone. Eric did an excellent job. 3 / 5
Good Presentation
Image of Justin Yee Justin Yee
Unemployed
Cut the formula where one person asks a question and the other answers. That wasn't an interview. It would be far more credible if one speaker concentrated on a certain aspect while they other focused on another area giving both speakers credibility. 1 / 5
Bad Presentation
Image of Amor Castillo, CPP Amor Castillo, CPP
Linear Technology
Excelllent presentation.....short and concise and direct to the point! 5 / 5
Excellent Presentation
Image of Nancy Fletcher Nancy Fletcher
HD Supply, Inc.
I felt that this was nothing more than a commerical for their pay card. I had to finally tune them out.
Image of Brian Diehl Brian Diehl
Parker Hannifin
Nice Job! 3 / 5
Good Presentation
Image of A P paul A P paul
Royal Staffing
3 / 5
Good Presentation
Image of Alethea Arnold Alethea Arnold
Wacker Siltronic Corp
Thank you 4 / 5
Very Good Presentation
Image of Kayvon Bahmanyar Kayvon Bahmanyar
TFG Card Solutions, Inc.
The person who made the slides did an amazing job. Great presentation. 5 / 5
Excellent Presentation
Image of Diane Hunt Diane Hunt
Allied Beverage Group, LLC
Very informative webinar. I look forward to implementing this program on a mass basis to our employees. I think it will be a huge success! 5 / 5
Excellent Presentation

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