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The Sage Payroll PayCard. Cost-effective. Secure. Smart. Agenda. Positioning What do we tell your customers What’s in it for you Benefits Revenue example What you need to do The process Roadmap Q & A . What is the Sage Payroll PayCard?. Pre-paid debit card. Main benefits.

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the sage payroll paycard

The Sage Payroll PayCard

Cost-effective. Secure. Smart

agenda
Agenda
  • Positioning
    • What do we tell your customers
  • What’s in it for you
    • Benefits
    • Revenue example
  • What you need to do
  • The process
  • Roadmap
  • Q & A
main benefits
Main benefits
  • Good for the company
    • Saving cost
    • Hassle free
    • Happy employees – great service
  • Good for the employees
    • No checks to cash
    • Direct access to funds
    • Safe
    • All the benefits of a Visa debit card, but without a bank account
employee enrollment timeline
Employee Enrollment timeline

Typical timeframe 10-14 days

employer website
Employer website

http://www.sagepayrollpaycard.com/

enrollment and reporting
Enrollment and reporting
  • User friendly site
  • Easy enrollment
  • Informational report
benefits to employers
Benefits to Employers
  • Cost reduction
  • Paperless payroll – going “green”
  • No hassle
    • No lost or stolen checks
    • Minimizes exposure to check fraud
    • Eliminates check reconciliation process
    • Eliminates check distribution costs
    • Eliminates escheatment liability
  • Works with both Abra Payroll and Compupay
  • Not responsible for cardholder issues
  • No financial liability for cardholder activity
costs of issuing payroll checks
Costs of Issuing Payroll Checks

What is it costing your company?

  • Costs to issue a stop payment and replace a lost check
  • Transportation costs
  • Cost to deliver checks
  • Decreased HR/payroll personnel productivity
case study
Case Study

Business Challenge:

  • 5 job sites
  • Employs 300 workers - 50% receiving paper paychecks
  • Weekly pay period with paychecks being delivered to each job site
  • Supervisors at each site are required to be available to distribute checks over a 3 hour period
  • Frequently company vans are used to transport workers to cash their checks resulting in lost productivity and cost of gas
  • 25 checks were lost or stolen last year
case study11
Case Study

$128,778 savings per year!

employer calculator
Employer Calculator

We can work with you to calculate the savings for your company.

benefits to employees
Benefits to Employees
  • No check cashing
  • No bank account or credit check required
  • Immediate access on payday
  • Safer than carrying cash
  • Convenient
  • Employee owns the card
  • Allpoint ATM Network – over 37,000 surcharge-free ATM locations worldwide at www.allpointnetwork.com
  • Up to 3 secondary cards available
employee web portal
Employee Web portal
  • Quick and easy to use web portal
  • Secure login
    • Card number
    • Last 4 digits of SSN
    • Security code
  • Available 24/7
cardholder fees
Cardholder Fees

Charged directly to the employee. In some cases, the employer will choose to pay these fees, which can be treated as a post-tax contribution.

  • One-time Enrollment Fees
  • Monthly Fees
cardholder fees16
Cardholder Fees

Transaction Fees

Other Fees

slide18

Cardholder Average Monthly Savings

  • Many employees can save as much as $500 annually in check cashing fees.
positioning the payroll card program
Positioning the Payroll Card Program
  • Make It Mandatory
    • Direct deposit is a condition of employment
    • Offer employees choice of direct deposit or payroll debit card
  • Voluntary - Direct Deposit is “Preferred by the Company”
    • Offer the Sage Payroll PayCard as “a new and better way to get your pay”
    • Include paper paychecks as a discouraged option
employer support
Employer Support
  • Dedicated Account Manager
  • Communication materials for employees
    • Promotional introductory letters
    • Setup forms
    • Posters
    • Email content
    • Paycheck stuffers
    • FAQs
  • Employer Materials
    • Online training
    • Website guide
    • Quick reference guides
    • Implementation guide
    • Easy-to-use website portal
sage payroll paycard fees
Sage Payroll Paycard fees
  • Employer Fees
    • One Time Set Up Fee $50.00 –
    • Monthly Employer Maintenance Fee $10.00
    • One-time employee card enrollment $2.00
  • Fall 2010 PROMOTION: Fees above are WAIVED IF ENROLLED BY ….
what s in it for you
What’s in it for you
  • Recurring revenue
  • $1.00/card/month
  • Happy customers
  • Increased ‘stickiness’
what you need to do
What you need to do
  • Almost nothing
  • Inform your customer
  • Answer some questions
  • Start collecting money
the process
The Process
  • Leads
    • New & Existing Clients
    • Webcasts
  • Opportunity Management
    • Resources
      • Sage & Motivano
  • Placing Orders
    • Order Form
    • Underwriting Guidelines
roadmap more good stuff to come
Roadmap: more good stuff to come
  • “Instacards”: one time instant usage
  • In-product connected service
    • Batch processing
    • ROI calculator