Presentation on theme: "Pay card Solution-DPS Paperless Payroll"— Presentation transcript:
1 Pay card Solution-DPS Paperless Payroll Denver Public School has been on a Direct deposit mandate but it wasn’t enforced with policy or practiceOur current Direct deposit participation rate is 96%. The remainder 4% make up of individuals who are being assessed the check fee or went through the exempt for direct deposit process due to being un-bankableIn March 2011, Payroll and Business Services, implemented direct deposit on off cycle payrollsIn April 2011, Disbursing and Payroll and Business Services, got approval from Finance to implement a pay card solution to eliminate paper paychecks and adhere to Business Best Practice standards with pay checks. This implementation has hard cost savings and eliminates the need for disaster recovery process for payroll checks.
2 Pay card Solution Partner Skylight Financial Direct Deposit OptionAvailable to all EmployeesNo credit or background checkProvides Access to ATMs and BanksAllpoint Network Surcharge-free ATMsVisa Member BanksMoneyPass ATMs
3 Skylight Financial-Pay card Solution Pay card BenefitsNo Check Cashing Fees24/7 Fund AccessPayroll deposited by 7 a.m., ETFree Personalized Visa Debit CardMailed after 1st direct depositEmployee Owned/PortableFree PIN-based TransactionsFree Signature-based TransactionsFDIC Insured & Regulation E Compliant
4 Skylight Financial-Pay card Solution Pay card Benefits- Visa Debit CardsATM WithdrawalsRetail Merchant PurchasesInternet PurchasesCash Back at the Point-of-SaleRestaurantsReservationsHotelsAirline
5 Skylight Financial-Pay card Solution Pay card FeaturesImmediate Card Replacement for Lost or Stolen cardsFree ATM withdrawals in the Allpoint network$1.50 per transaction out of the network (Skylight fee)Additional fees could apply using an out-of-network ATMDetailed listings of free and surcharge free ATMsOnline at orIn store listing of ATMsSkylight Customer CareApplications for smart phones to find ATMs
6 Paycard Features – Free Cash Withdrawals FREE Visa Member Bank Over-the-Counter Cash Withdrawals1.Visit Visa Member Bank2.Present Visa Debit Card to Teller*3.Receive FundsOnce cardholders have received their Visa debit card, they can receive free over-the-counter cash withdrawals by visiting any participating Visa member bank (where Visa logos are displayed) by following these simple steps:Employees can visit any Visa member bank.Present their Visa debit card and appropriate ID to a teller requesting the amount of withdrawal. IMPORTANT: Cardholder must know the available balance as the teller will not have access to this information.Cardholder will then receive requested funds.*IMPORTANT: Cardholders should know their account balance:Teller will not have access to cardholder account information.
7 Paycard Features – Account Alerts Text Message and Alerts*Daily or weekly alertsDeposit alertsTransaction alertsAccount balanceImmediate Balance Inquiry for Text MessagingText “BAL” to 22722Sign-upCustomer Care CenterEnglish and Spanish Translations*Skylight does not charge for account alerts, however standard wireless carrier charges may apply.
8 Paycard Features - Online Banking Register atView Account InformationView and Print StatementsLocate Surcharge-free ATMsSet Up Bill PaymentsSign-up for Sub and Joint AccountsContact Customer CareSign-up/Modify Text Messaging and Alerts“Pick Your Plastic”
9 Paycard Features – Skylight Checks Free Skylight ChecksChecks Validated via a Pre- Approval ProcessFree Check CashingU.S. BankACE Cash Express (participating locations)Use for Rent, Bill Payments, etc.
10 Skylight Paycard Program SummarySkylight Paycard ProgramSaves time and moneySurcharge-free ATMsVisa acceptedConvenient and secureEmployee owned/portable