CardFlex: Prepaid Payroll Cards Are the Perfect Way to Pay Underbanked Employees
It is becoming increasingly common for businesses to have employees who do not have a checking account. In fact, it has been estimated that one-third of the U.S. population doesn't use traditional financial services such as checking accounts—also referred to as being underbanked. While this statistic is largely attributed to low-income households, factors such as the current economic climate and the rising costs of banking continue to impact a growing portion of the workforce. Fortunately, there is a highly effective alternate solution for paying underbanked employees: ...