A payroll Paycard is essentially a debit card to which an employee's pay is deposited. A Paycard is ideal for employees who do not have a bank account.
Paycards can be used at participating automatic teller machines to withdraw cash or in retail environments to make purchases, and eliminate the need to "cash" a paycheck.
Paycards save time and money for employers, too, in that employers now have an electronic payment alternative that can help them efficiently and effectively pay their workforce.Learning Objectives
This audio conference covers the why's, how's, and legal issues regarding Paycards. For instance, the majority of state’s labor laws allow employers to offer direct deposit, but they don't allow employers to mandate that their workers participate in their direct deposit programs.
By attending, you will learn:
About Your Speaker
- The definition and benefits of utilizing paycards
- The states that have enacted legislation either for or against the use of paycards - and what the legislation states
- Whether or not an employer can mandate the use of paycards for their workforce
- What you do if you are a multistate employer and you want to launch a program for your entire worker population
Mindy Harada, CPP, is an employment tax specialist who has over 17 years of employment tax experience as an independent consultant, an employee with one of the Big 4 firms, and as a payroll tax auditor. Ms. Harada previously was the west coast practice leader for the Employment Tax Practice at Deloitte Tax LLP.
Ms. Harada is a frequent presenter on various employment tax topics at APA events and for several payroll service providers on a national basis. She has presented before the Society of CPAs and has also spoken at several Payroll Conferences throughout the country. PHR / SPHR Credits!
This program has been approved for 1.5 recertification credit hours through the HR Certification Institute.