Advanced Credit Technologies, a US-based credit repair software technology firm, is set to offer prepaid payroll card for SMEs.
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Called TurnScor MasterCard Prepaid Payroll Card, the new offering will allow small and medium sized businesses to manage expenses and deal with disbursing money to employees for on the job expenses.
The Prepaid Payroll Card aims to reduce the cost of paper checks, ACH fees for the payroll department and also offers benefits to employees with a suite of products.
With this card, business owners will be able to go green eliminating check fraud and increasing employee loyalty, satisfaction and retention.
Also, employees will not have to pay unnecessary fees and check-cashing fees by using this card.
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By GlobalDataAdvanced Credit Technologies founder Chris Jackson said: "This is a very promising vertical for the launch of our TurnScor Pre-Paid Platform. What small- to medium-sized business wouldn’t want to "SAVE" money on payroll, and then offer employees real benefits that can change their lives."
Last month, Advanced Credit Technologies and Capstone Data have unveiled plans to roll out a new TurnScor PrePaid Master Card to multiple retail and wholesale distribution channels in the second quarter of this year.
