Paying Employee Wages with Payroll Cards | Practical Law
A Practice Note discussing payroll cards (or paycards or payroll debit cards) as a method of wage payment. This Note outlines the costs and benefits for employers and employees, Fair Labor Standards Act (FLSA) and Electronic Fund Transfer Act (EFTA) restrictions, and common requirements under state wage and hour laws. This Note also suggests best practices for employers implementing a payroll card program.