Employers can cut costs and streamline their payroll processes with the Discover Payroll product. Instead of issuing paper checks, an employer automatically loads their employees' compensation onto payroll cards that the employer can brand and customize. Employees' funds are available for immediate use at ATMs and merchant locations nationwide. And payroll cards put employees in control of their finances, since they can check their balances, track their spending and manage their accounts 24/7—online or over the phone.
The Discover Payroll product helps issuers and program managers:
- Increase their average load and build strong relationships with employers
- Create a customized payroll solution that is adaptable to your unique business goals
- Provide cost savings, convenience, security and peace of mind to:
- Employers
- Reduce costs
- Streamline payroll processes
- Issue cards immediately through onsite instant issuance
- Build employee loyalty and empower them to better manage their finances
- Improve the employee payroll experience
- Employees
- Gain instant access to payroll funds
- Manage spending easier
- Save time—no need to physically pick up a paycheck or wait in long check cashing lines
- Avoid high check cashing fees
- Feel safe and secure
Discover Payroll product features and functionality include:
- 100% authorization
Every Discover transaction is authorized, regardless of the purchase amount, to help minimize fraud risk and prevent cardholders from using funds they don't have.
- Balance on receipt
Cardholders can see their prepaid account balance printed on their purchase receipts at participating merchant locations.
- Cash access
Cardholders can get cash at ATMs and in-lobby at bank branches nationwide.
- Embossed/Unembossed
Card plastics can be issued either with the account information shown in raised-plastic characters on the front of the card (embossed) or printed flat on the card front (unembossed).
- Load options
Payroll cards can be issued as reloadable or non-reloadable.
Distinguish your payroll cards from the competition with Discover enhancements:
- Cash Over
A Discover exclusive, Cash Over offers cardholders the convenience of accessing fee-free cash at the point of sale, without a PIN.
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- Discover Zip
Discover Zip offers cardholders a payment option that uses contactless technology.
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- Health Discount Plan
Employers can provide cardholders with access to valuable health discounts at thousands of dentists, pharmacies and optometrists across the country.
- Multi-Use
Payroll cards can provide cardholders with an ID, building access, and payment capabilities all on one single card.
- Perks eShop
Perks eShop is a secure Web site featuring merchant discounts for cardholders
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- Perks Everyday
Perks Everyday is a points-based rewards program that encourages card usage.
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- Recurring Payments
With Recurring Payments, cardholders can use their card to make automatic recurring payments and installment charges
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To learn more about the Discover Payroll product, contact your Discover Network Relationship Manager or to click to Get
Started today.
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