To provide employees with a convenient and secure option to get access to their salaries Paychecks Plus, Inc., a payroll and professional employer organization (PEO) with employees and clients in over 10 states, entered into partnership with nFinanSe Inc., an innovative financial services company and provider of stored value and prepaid card solutions. Under the terms o the agreement nFinanSe Inc. will be exclusive Pay Card Program provider for Paychecks Plus, Inc.
The advantage of the nFinanSe Pay Card is that it eliminates extra expenses related to the administration of payroll for all companies. Organizations can easily implement the issuance of the nFinanSe Pay Card to employees while increasing employee direct deposit participation. In addition, it enhances employee productivity inasmuch as they do not need to pick up their paycheck, leave work to wait in line at a bank or check cashing location.
Participating employees will have their payroll electronically deposited onto their instantly issued nFinanSe Discover(R) Network Pay Card. The Pay Card can be used to make purchases at millions of merchant locations nationwide - including online and over the telephone - and to access cash at ATMs. Moreover, they will be able to receive an email or text message alerting them each time a transaction is made via their nFinanSe Pay Card or receive summary pay stub information.
Besides, employees of Paychecks Plus like all cardholders of nFinanSe will have access to any nFinanSe Network(TM) location nationwide, including MoneyGram(R) and Western Union(R), to load the funds from a second paycheck from another job or cash from other activities to their Pay Card. And one more significant advantage with nFinanSe is that it never charges hidden fees for making purchases or calling 24/7 Bilingual Customer Service Center.
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