July 18, 2011 10:00 AM Eastern Daylight Time
Ceridian Paycards Help Employers Pay Green
Converting paychecks to employee paycards saves companies money, time and paper.
MINNEAPOLIS--(BUSINESS WIRE)--Ceridian Corporation, a leading provider of human capital management and payroll outsourcing solutions and a leader in payment innovation, announced today its Pay Green initiative. Through this initiative the company will be offering existing eligible customers the option to pay their employees using paycards, an environmentally friendly alternative to traditional printed pay checks. During this initial offering, Ceridian will waive the employer fees associated with providing a paycard option.
“Our transition to electronic payroll has resulted in annual savings of $125,000. … paycards are an industry-recognized best practice for organizations like ours, with high turnover, a seasonal workforce or a geographically dispersed team.”
“Ceridian’s Pay Green initiative broadens the payment options employers provide to their employees while at the same time contributing to employers’ green initiatives,” said Bart Valdez, Ceridian executive vice president and chief commercial officer. The Pay Green initiative also supports Ceridian’s ongoing sustainability efforts, reflected by both its green solutions and company practices.
Paycard benefits
There are numerous benefits to paying employees using paycards. Some studies indicate a startling 12 percent of American households do not have a bank account. Paycards offer a simple, cost-effective solution for distributing funds to both banked and unbanked employees. Other key benefits include:
There are numerous benefits to paying employees using paycards. Some studies indicate a startling 12 percent of American households do not have a bank account. Paycards offer a simple, cost-effective solution for distributing funds to both banked and unbanked employees. Other key benefits include:
- Companies can save significant time and money by reducing check printing, shipping and distribution costs (e.g., the American Payroll Association estimates the cost of producing a paper check is $4.40, five times the cost of a comparable paycard option).
- Paycards are paperless and help organizations further their green initiatives.
- Paycards are especially ideal for temporary employees, seasonal workers or a geographically dispersed workforce.
- Paycards can be used like a debit card allowing employees access to their wages 24 hours a day, seven days a week.
- Paycards are accepted at ATM locations including MasterCard, Maestro, Cirrus and Allpoint.
- Lost or stolen cards can be easily replaced.
Some of Ceridian’s more than 500 participating companies comment on the paycard solution
“Our transition to electronic payroll has resulted in annual savings of $125,000. … paycards are an industry-recognized best practice for organizations like ours, with high turnover, a seasonal workforce or a geographically dispersed team.”
–Major restaurateur with more than 110 locations and 4,500 employees
“Our transition to electronic payroll has resulted in annual savings of $125,000. … paycards are an industry-recognized best practice for organizations like ours, with high turnover, a seasonal workforce or a geographically dispersed team.”
–Major restaurateur with more than 110 locations and 4,500 employees
“[Ceridian] … has been phenomenal as a partner. They’re very responsive and gave plenty of support and guidance. They helped us design our system and educate our associates on the benefits.”
–Major hotelier who estimates it was spending more than $80,000 per year writing paper checks
–Major hotelier who estimates it was spending more than $80,000 per year writing paper checks
Perhaps best of all the process for getting started using paycards is simple, fast and free. To learn more about Ceridian’s paycard solution, please visit us on the web at paycards, or call us at 800-729-7655.
About Ceridian
Ceridian is a leading global business services company that helps organizations control costs, save time, optimize their workforce, grow revenue, and minimize financial risk. We offer a comprehensive range of human resource, benefits and payment solutions. From workforce management and benefits to productivity and payroll services, we help organizations maximize their human, financial and technology resources. As a leader in payroll outsourcing, gift cards and corporate expense management, we're the driving force in payment innovations. Ceridian provides the insight, KnowHow and solutions organizations need to navigate the complexities of HR, benefits and payment administration. For more information about Ceridian visit www.ceridian.com or call 800-729-7655.
Follow Ceridian_US on Twitter: www.twitter.com/ceridian_us
Watch Ceridian’s YouTube channel: www.youtube.com/ceridian
Ceridian is a leading global business services company that helps organizations control costs, save time, optimize their workforce, grow revenue, and minimize financial risk. We offer a comprehensive range of human resource, benefits and payment solutions. From workforce management and benefits to productivity and payroll services, we help organizations maximize their human, financial and technology resources. As a leader in payroll outsourcing, gift cards and corporate expense management, we're the driving force in payment innovations. Ceridian provides the insight, KnowHow and solutions organizations need to navigate the complexities of HR, benefits and payment administration. For more information about Ceridian visit www.ceridian.com or call 800-729-7655.
Follow Ceridian_US on Twitter: www.twitter.com/ceridian_us
Watch Ceridian’s YouTube channel: www.youtube.com/ceridian
