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Transition to Paycards: Your Guide to Convenient Payroll Solutions

This workshop introduces paycards as a modern alternative to paper paychecks, effective Nov. 15, 2016, for new hires and Jan. 1, 2017, for existing employees. Direct deposit or paycard options ensure immediate access to funds, with perks like VISA acceptance, mobile banking, and cash back rewards. Stay informed with text and email alerts, fraud protection, and easy bill payments. Learn how to smoothly transition from paychecks to paycards, with automated paycheck emails, one-on-one staff meetings, and convenient direct deposit submissions. Students and staff alike can benefit from this hassle-free payroll solution.

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Transition to Paycards: Your Guide to Convenient Payroll Solutions

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  1. Paycard IntroductionMoving Away from Paper Paychecks New Hires – effective November 15, 2016 Existing Employees – effective January 1, 2017

  2. Direct Deposit or Paycard • Direct deposit or payroll cards (also known as prepaid debit cards) are only options for receiving pay. • Employees submit their direct deposit information through ESTHER. Fin Aid Workshop 2009

  3. Paycard Introduction • If no direct deposit information is provided, employee will be assigned a payroll card. • Funds available immediately on payday. • - Cash at ATM • - Teller cash withdrawals • - Cash back when purchases are made • No more waiting for paychecks to arrive by U.S. mail. Fin Aid Workshop 2009

  4. Paycard Perks • Make purchases in stores, over the phone, or online – anywhere VISA is accepted. • Pay bills online by using 16-digit card number and expiration date. • Mobile banking app is available – quick access to account balance, transaction history, ATM locator, enroll/manage text alerts. Fin Aid Workshop 2009

  5. Paycard Perks • Text and Email Alerts – receive notifications for low balance, deposits, purchase alerts. • Fraud protection – VISA Zero Liability Policy protects against unauthorized purchases. Card replacement alerts available as well. • Cash back rewards – the more you use your card, the more offers you receive. Fin Aid Workshop 2009

  6. Paychecks to Paycards • Existing Employees • Automated paycheck emails • Check inserts • Meet one-on-one with staff • Last Paycheck 12/30/16 Fin Aid Workshop 2009

  7. Paychecks to Paycards • New Hires • Faculty/staff have within 10 days of hire to submit direct deposit information • Students will provide direct deposit information or receive a paycard when completing I-9 with Payroll • Grads on fellowship – first pay will be paycard (if no direct deposit information is provided) Fin Aid Workshop 2009

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