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Prepaid Paves the Way for Payroll

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Synopsis' A study of the benefits for employers, employees and issuing partners of using prepaid cards over paper and cash based methods' The VRL report gives an overview of the market's size worldwide, as well as looking forward to future growth prospects' The report finishes with a selection of case studies highlighting the successful implementation of prepaid payroll solutions for different entities in different countriesSummaryPrepaid solutions represent one of the most innovative propositions in the payment industry due to their inherent flexibility, convenience and applications across a broad range of industry sectors. It's no wonder that banks, payment networks and programme managers have devoted such significant resources and investment into promoting their usage, but each industry vertical requires significantly different business models as end-user groups require different needs, and a one-size-fits-all approach will quickly doom some programmes to failure. With a sizable number of the world's population still unbanked, there are millions of employees and workers around the world who still receive their salaries in cash or cheques, leading to huge administrative burdens for employers and banks, and inconvenience for the employee, along with the added cost of accessing their salaries.Scope' This report examines the factors that have elevated prepaid solutions as the ideal solution in the payroll sector' It highlights the inconvenience, expense and administrative burden associated with payment by cash or cheques' It views how the costs compare with other methods used by unbanked or under-banked customers' It considers how prepaid solutions can lead to lower costs and deliver greater efficiency and benefits to all stakeholdersReasons To Buy' Gain the overview and background to prepaid cards' Understand the benefits of prepaid payroll solutions' Learn how these benefits apply to employees, employers and issuing partners individually' Assess the market size, and find out where the opportunities and threats lieKey Highlights' Prepaid solutions represent one of the most innovative propositions in the payment industry due to their inherent flexibility and convenience' Each industry vertical will require different business models as end-user groups have different needs; a one-size-fits-all approach will drive some programmes to failure' Automated payroll payments using electronic funds transfer are only available where employees have a receiving account with a banking institution' Providing banking services to unbanked and under-banked employees is fraught with contradictions. It represents a high volume of new accounts but low balances make it difficult to operate them profitably

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Prepaid Paves the Way for Payroll

  1. 1. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Prepaid Paves the Way for PayrollPublished on May 2012 Report SummarySynopsis A study of the benefits for employers, employees and issuing partners of using prepaid cards over paper and cash based methods The VRL report gives an overview of the markets size worldwide, as well as looking forward to future growth prospects The report finishes with a selection of case studies highlighting the successful implementation of prepaid payroll solutions fordifferent entities in different countriesSummaryPrepaid solutions represent one of the most innovative propositions in the payment industry due to their inherent flexibility,convenience and applications across a broad range of industry sectors. Its no wonder that banks, payment networks and programmemanagers have devoted such significant resources and investment into promoting their usage, but each industry vertical requiressignificantly different business models as end-user groups require different needs, and a one-size-fits-all approach will quickly doomsome programmes to failure. With a sizable number of the worlds population still unbanked, there are millions of employees andworkers around the world who still receive their salaries in cash or cheques, leading to huge administrative burdens for employers andbanks, and inconvenience for the employee, along with the added cost of accessing their salaries.Scope This report examines the factors that have elevated prepaid solutions as the ideal solution in the payroll sector It highlights the inconvenience, expense and administrative burden associated with payment by cash or cheques It views how the costs compare with other methods used by unbanked or under-banked customers It considers how prepaid solutions can lead to lower costs and deliver greater efficiency and benefits to all stakeholdersReasons To Buy Gain the overview and background to prepaid cards Understand the benefits of prepaid payroll solutions Learn how these benefits apply to employees, employers and issuing partners individually Assess the market size, and find out where the opportunities and threats lieKey Highlights Prepaid solutions represent one of the most innovative propositions in the payment industry due to their inherent flexibility andconvenience Each industry vertical will require different business models as end-user groups have different needs; a one-size-fits-all approach willdrive some programmes to failure Automated payroll payments using electronic funds transfer are only available where employees have a receiving account with abanking institution Providing banking services to unbanked and under-banked employees is fraught with contradictions. It represents a high volume ofnew accounts but low balances make it difficult to operate them profitablyPrepaid Paves the Way for Payroll (From Slideshare) Page 1/4
  2. 2. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email! Table of ContentTable of ContentsExecutive Summary1.Introduction1.1 What is a prepaid card1.2 The structure of payroll cards1.3 How Banks earn money from payroll card fees1.4 The payment network offerings2 The Costs and Challenges of Wages and Salary Cheques2.1 The scale of the unbanked problem2.2 The cost to the unbanked employee2.3 Tailored pricing is key for success2.4 Pricing comparisons2.5 Convenience3 Benefits to End Users and Banks3.1 Multiple commercial benefits3.2 Benefits for the employer3.3 Benefits for the employee3.4 Identifying the opportunities3.5 Identifying the challenges3.6 Payroll prospects in Europe3.7 Awareness of prepaid payroll solutions4 The Market opportunity4.1 The US4.2 Europe4.3 Reloading and fees4.4 Awareness of the prepaid concept4.5 The UK example4.6 Scope for growth4.7 Changes to the UK prepaid landscape4.8 The Italian example5 Case studies5.1 US company lowers payroll costs and achieves 75% e-pay5.2 Advanced Payment Solutions and Krown Recruitment5.3 Global Cash Card and Uno Restaurants in the US5.4 JP Morgan and Kelley ServicesList of TablesNAList of FiguresNAPrepaid Paves the Way for Payroll (From Slideshare) Page 2/4
  3. 3. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email! Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93 If you have any questions please visit http://www.reportlinker.com/notify/contact Order Information Please verify that the product information is correct and select the format(s) you require. Prepaid Paves the Way for Payroll Product Formats Please select the product formats and the quantity you require. 1 User License--USD 3 800.00 Quantity: _____ Site License--USD 7 600.00 Quantity: _____ Contact Information Please enter all the information below in BLOCK CAPITALS Title: Mr Mrs Dr Miss Ms Prof First Name: _____________________________ Last Name: __________________________________ Email Address: __________________________________________________________________________ Job Title: __________________________________________________________________________ Organization: __________________________________________________________________________ Address: __________________________________________________________________________ City: __________________________________________________________________________ Postal / Zip Code: __________________________________________________________________________ Country: __________________________________________________________________________ Phone Number: __________________________________________________________________________ Fax Number: __________________________________________________________________________Prepaid Paves the Way for Payroll (From Slideshare) Page 3/4
  4. 4. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email! Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box. Payment by credit card Card Number: ______________________________________________ Expiry Date __________ / _________ CVV Number _____________________ Card Type (ex: Visa, Amex…) _________________________________ Payment by wire transfer Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189 Payment by check UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE Customer signature:   Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93Prepaid Paves the Way for Payroll (From Slideshare) Page 4/4

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