States mandating direct deposit
In 2017, there were 5.9 million active pay cards in the U. And, the study predicts that there will be 8.4 million pay cards by 2022.
Violating state (and federal) payroll debit card laws can result in penalties.
You must offer at least one other payment option in addition to pay cards.
Also, provide employees with a pay stub if the payroll card vendor does not.
Employees can use pay cards to make purchases and payments, or they can withdraw cash at ATMs or in banks.
There are two categories of pay cards: Branded pay cards include Visa, Master Card, American Express, and Discover.