Altair launches pre-paid payroll card

Altair Financial Services International has developed a new programme which allows employers to load wages directly onto a pre-paid card through the payroll system.
The Essential Pre-paid Mastercard, which was developed for NorthgateArinso, enables employers to pay employees who do not have bank accounts through payroll, reducing the need for cash or cheque payments.
Employees using the card receive their salaries on the same day as colleagues and can withdraw the money from ATM cash machines, shop online or use in stores where Mastercard is accepted.
Altair chief executive officer, Lee Britton said: “The Essential Pre-paid card provides a quick fund distribution method to help streamline the payroll administration processes, reduce the associated costs and time-consuming paperwork.”