Category: HR Benefit

  • Give Your Paycard Employees More Money…Without Spending a Fortune

    The mortgage crash of 2008 did a lot more than cause a recession. It created a long-lasting anti-financial institution mindset in a large chunk of America’s younger generation. This change in behavior has led to a gradual increase in the un- and under-banked throughout the US – a number now floating around the 15 million mark.

    As Millennials begins dominating the workforce, many employers are faced with the dilemma of finding ways to pay them. Where many in older generations enjoyed the benefits of direct deposit, a lack of bank accounts for younger workers has resulted in a surge of payments by check. However, a study from Workforce Institute at Kronos reported paychecks arrive late for about 15% of Americans and 25% of respondents reported regular receipt of incorrect payment.

    It is for exactly these reasons that many businesses have come to rely on the ability to direct pay employees. But, with the rise in un- and under-banked workers, employers are struggling to bring all of their employees into the digital payments fold. The solution for many? The paycards or payroll card.

    The idea behind use of paycards is simple. Employers have an electronic way to provide fast funds disbursement as well as an easy way to quickly resolve pay discrepancies. In return, employees have immediate access to their funds on payday, rather than having to take the time to deposit or cash a check. As an added benefit, most paycards utilize the rails of major card networks, allowing the cards to be used for debit transactions.

    But, just like checks, paycards are not all sunshine and rainbows. Similar to some bank accounts, there are many paycards that also issue fees to their cardholders. Some of the most popular fee-incurring situations include an ATM usage fee, card replacement fees and low balance fees. In some cases, there are additional charges for not using the card over a certain period of time. In short, they may “have their money” but they have a great deal of difficulty accessing it without loosing a chunk of their earnings to fees.

    Fortunately, there are several easy ways for businesses using payroll cards or paycards to help their employees avoid fees while better managing their funds.

    • Promote Use of Surcharge-Free ATM Networks – Most major paycards are also members of one or more surcharge-free networks such as Allpoint, MoneyPass and CU Alliance. These networks provide nationwide cash access at participating ATMs. Employers can provide a link to the ATM the locator app and information for any network associated with their payroll cards as well as maps, flyers and other reminders to their employees paid via paycards.

    • Encourage Financial Health – Employers can host workshops and knowledge sessions for paycards employees that help inform attendees about the steps to financial health and freedom including budgeting, investments and knowledge of the fees associated with their payroll cards…as well as ways to avoid them.

    • On-Site ATMs – An ATM in the workplace provides safe, secure access to cash in a convenient location. The machine can be loaded with one of the surcharge-free networks associated with the paycard in use on-site, offering employees a fee-free way to access their funds – on payday or any day.

    Employees often need access to their money right away. However, without a bank account to initiate direct deposit, paycards are one of the only ways to ensure this convenience. Helping employees avoid these additional costs through education, information and on-site ATM programs not only encourages financial independence – it puts more money in the employee’s pockets.

    One of the hottest new benefits being offered by employers, having an ATM on-site saves employees time and money, keeps staff at work and provides a convenient and safe environment for employees to do their banking.

    ATM options include:

    • Surcharge-Free for Everyone

    • Allpoint or MoneyPass Surcharge-Free Networks

    • Bank or Credit Union Branded

    • Generic ATM

    And best of all the ATM is hassle-free and, in most cases, less than what you pay for insurance for one employee each month.

  • ATMatWork Welcomes Resurgent Capital Services

    Your employees are using an ATM and chances are they are spending a great deal of their paycheck on fees to obtain cash. 

    Resurgent Capital Services recognized this and installed an ATM in their building to give their staff easy access to cash — surcharge-free. 

    One of the hottest new HR benefits being offered by employers, having an ATM on-site saves employees time and money, keeps staff at work and provides a convenient and safe environment for employees to do their banking. Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

    Contact the payment professionals at ATMatWork to get started. 

  • ATMatWork Welcomes Pure Power Technologies

    Staff need cash for everyday purchases like lunch and vending machines, and many leave work early on payday to go to the ATM. 

    Blythewood, South Carolina-based Pure Power Technologies recognized this need and contacted ATMatWork about installed an ATM in their building to give their staff easy access to cash. 

    They chose the Allpoint Network surcharge-free option, which allows the majority of their employees to withdraw cash with NO fee.

    One of the hottest new HR benefits being offered by employers, having an ATM on-site saves employees time and money, keeps staff at work and provides a convenient and safe environment for employees to do their banking. Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • ATMatWork Welcomes ZF Transmission

    ATMatWork helps human resource managers bring valued added services to their employees. With direct deposit and paycards as the preferred payment method, employees are using ATMs. Having an ATM on-site saves employees time, money and provides a safe environment to conduct their banking.

    Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • ATMatWork Welcomes Charter Communications

    ATMatWork helps human resource managers bring valued added services to their employees. With direct deposit and paycards as the preferred payment method, employees are using ATMs. Having an ATM on-site saves employees time, money and provides a safe environment to conduct their banking.

    Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • On-Site ATMs: An Employee Benefit That Helps You Attract Millennials

    The Millennial generation (born 1981-2000) is the largest generation yet produced. In fact, one in every three American workers are a part of the Millennials – surpassing GenX and the Baby Boomers as of 2015. And the youngest Millennials have yet to hit the labor market, ensuring a controlling segment of the American labor force for at least the next decade. This has led employers to reevaluate their benefits and structure them to appeal to this continually growing labor base.

    The Digital Natives

    Having grown up in a time of rapid technological change, globalization and economic disruption, Millennials are the first generation of “digital natives”. These individuals have had access to personal computers both in school and at home since childhood. They developed alongside internet access, learning how to navigate the web from dial-up to broadband and beyond. Technology has been an integral part of their development – for better or worse.

    Millennials witnessed more than the birth of personal technologies, they saw first-hand the effects of the 2008 recession. While arguably the most college-educated of generations, many graduated only to be met with a job market unable to support their numbers. The youngest among them watched as hard-working parents were laid off and family homes were foreclosed upon. These experiences have created a focus on budgeting, frugality and cash use. It has also brewed a distrust of standard financial platforms – and a market for alternatives such as prepaid cards and alternative financial programs such as PayPal, Vimeo and speculation of an eventual Amazon bank equivalent.

    This desire for cash and budgeting as well as their reliance on technological convenience has led Millennials consistently to the ATM.

    The Solution

    Fortunately, there is a simple solution to appeal to this dominant segment of the labor force – safe, reliable ATM access at work. In fact, some ATMs offer the additional benefit of surcharge-free access through a nationwide network like Allpoint. These services partner with local, community and national financial institutions as well as many leading pay card providers.

    And, while Millennials are an obvious beneficiary, the entire workforce can enjoy their new “at work” convenience!

    One of the hottest new HR benefits being offered by employers, having an ATM on-site saves employees time and money, keeps staff at work and provides a convenient and safe environment for employees to do their banking. Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • ATMatWork Welcomes Kane Beef of Corpus Christi, Texas

    ATMatWork helps human resource managers bring valued added services to their employees. With direct deposit and paycards as the preferred payment method, employees are using ATMs. Having an ATM on-site saves employees time, money and provides a safe environment to conduct their banking.

    Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • Thank your employees this holiday season with an ATM at Work!

    ATMatWork helps human resource managers bring valued added services to their employees. With direct deposit and paycards as the preferred payment method, employees are using ATMs. Having an ATM on-site saves employees time, money and provides a safe environment to conduct their banking.

    Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • The Hottest New Employee Benefit: An ATM at Work

    Cold hard cash has always appealed to people, and is often a major selling point for employees. But, these days it is more than just the dollar amount on an employee’s paycheck. That is, of course, still of prime interest to employees. However, there are more versatile ways to make sure your employees know you value them and can also keep their cash flowing … providing them with easy access to cash with an ATM at work.

    Almost 80% of consumers make payments in cash despite the wide range of other payment options available, according to the U.S. Consumer Payments Outlook Through 2020. Thus, having easy and convenient access to cash is more important than ever to your employees. In fact, the Federal Reserve reports that 1/3 of all consumer transactions are less than $10. And, two-thirds of these are paid in cash.

    With today’s increasingly demanding lifestyles, time is an overwhelming factor as employees must coordinate the kid’s carpool, off-site activities, as well as running personal errands, grocery shopping and preparing meals — and then getting ready to do it all over again the next day.

    ATMs At Work = WIN. WIN!!

    Access to a convenient ATM is vital for your busy employees. Having an ATM at your workplace provides a MAJOR benefit … and it generally costs the company little to nothing for this tremendous employee perk!! A bank or credit union-branded ATM or an Allpoint ATM on-site not only provides your employees with the convenience they want but surcharge-free transactions as well.

    An Allpoint ATM provides surcharge-free access to employees who bank with over 1400 of the leading U.S. financial institutions, as well as some of the top paycard providers. Your employees who bank with Allpoint network member financial institutions can use the ATM at work as often as needed with NO FEE. That’s right – there’s no fee at the ATM or from the bank.

    All that is needed is an electrical outlet, and a secure, convenient place to house the ATM at your workplace.

    With an ATM at work, you can help provide a solution to the cash needs of your workforce and place their focus where it can best be utilized – on work. Is it any wonder having an ATM at work for employees is one of the hottest new benefits HR directors are offering?