The PRIZM Payroll Card* is a reloadable prepaid card that provides employees a secure, convenient, low cost alternative to payroll cheques.
The PRIZM Payroll Card provides you immediate access to your pay and the security of Zero Liability Fraud Protection for the cardholder. You have access to your money 24 hours a day via purchases, point-of-sale terminals and ATMs. Account information is always available through "My Card Space" on this site, at the ATM, or by calling toll-free customer service.
Your money is automatically deposited into your own individually-owned account. The card is welcome everywhere Visa cards are accepted - millions of locations worldwide including Internet and mail/telephone order merchants, point-of-sale terminal, as well as ATMs with Plus® logo.
PRIZM Payroll Card Benefits include:
- Saves time - easy access to funds and no waiting in lines to cash paycheque.
- Convenience - use for purchases everywhere that Visa cards are accepted, point-of-sale terminals and to withdraw cash at virtually any ATM 24 hours a days
- Provides security - no need to walk around with large amounts of cash
- Eliminates cheque-cashing cost - keep more of your paycheque to spend as needed
- Improves control over money - take only what you need, when you need it
- Account information and customer service - available 24 hours a day, 7 days a week
Payroll professionals are enthusiastically aware of the inherent benefits of utilizing the PRIZM electronic payroll card program within their organization. Upon doing so, their employer can save money and resources associated with their payroll processing and distribution costs while employees benefit with the piece of mind of knowing that their wages are accurately and consistently deposited into their personal card. Also, PRIZM Payroll, the cutting edge, feature rich CanaCash payroll card helps strengthen employee and employer relationships. Employees feel empowered and proud to use their personalized payroll card.
A Solution for Unbanked Employees
PRIZM payroll cards provide a solution to paying employees that cannot receive direct deposit to a bank account as a high percentage of individuals in the Canadian workforce are without bank accounts. These workforces tend to be in the agricultural, food processing, manufacturing, restaurant, hospitality, retail and transportation sectors of our economy. These workers are frequently called the unbanked by employers. The statistics in Canada indicate that the number of unbanked individuals is increasing annually.
Additional Employee Benefits with PRIZM
Benefits as an Employer Choosing PRIZM Payroll Cards
PRIZM Payroll card start up costs are very affordable. As an employer you will immediately eliminate the reoccurring costs associated with buying traditional paper paycheque stock with security features. You will also enjoy cost savings from decreased toner cartridge usage for their paycheque printers as well as significant decreases in postage and overnight delivery charges for sending paycheques to employees at multiple work sites.
Other advantages of the PRIZM payroll card for employers include:
*currently available in Ontario
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