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PRESS RELEASES
rapid! PayCard IS A PLATINUM SPONSOR OF THE 28TH ANNUAL AMERICAN PAYROLL ASSOCIATION CONGRESS
Tampa, FL, April 29, 2010- The 28th Annual American Payroll Association Congress is being held at the Gaylord National Resort and Convention Center, May 25-29, 2010 in Washington DC. rapid! PayCard is also sponsoring the “Capitol Steps” during the opening luncheon on Wednesday, May 26th . rapid! PayCard CEO Chris Ruppel will be on stage to introduce the “Capitol Steps.” All attendees will have an opportunity to meet the “Capitol Steps” at the rapid! PayCard booth (315) on Wednesday afternoon following the luncheon.
About rapid! PayCard
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! Paycard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Pay card features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! PayCard team to achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.
To learn more please contact us at:
rapid! PayCard: 727-828-3333
sales@rapidpaycard.com
HOW PENMAC STAFFING SERVICES REDUCED PAYROLL DISTRIBUTION AND PROVIDED A GREAT EMPLOYEE BENEFIT
Penmac Staffing Services, Inc. has been placing people first for over 22 years. Penmac is a premier supplier of staffing and human resource services. Over half-a-million people have walked through their doors seeking employment, education and career training. More than 600 business clients depend on Penmac everyday to keep their businesses productive and competitive. Over 20,000 employees work for Penmac every year. Penmac, a certified woman-owned business, operates 26 offices in five states.
The Situation
In 2008, “Our executive team took a hard look at what it was costing us—both in dollars and environmental resources—to get our people paid each week,” said Carmen Rost, Payroll Manager “We were amazed at the level of resources used to deliver payroll each week” Penmac was paying 75% of their workforce via paper check with the remaining on direct deposit. “Understandably, our employees want, and need, their paychecks on payday. They just can’t wait for it to arrive in the mail. Therefore, a high percentage of our employees had chosen to drive to one of our offices on Friday afternoon to pick up their check. This led to literally hundreds of thousands of dollars in lost billable time or expense for us, not to mention lost wages for our employees.”
The Solution
Penmac implemented the rapid! PayCard as an alternative to paper checks for its employees, and the results have been dramatic. “We looked at the best options for our employees and selected rapid! PayCard as our paycard provider. They have the best product features and support in the industry and have been a definite asset for us.” Initially the Penmac team was concerned about the employee reaction to an electronic payroll conversion but found that the program was well received. Every Penmac location was trained by rapid! PayCard on the benefits of the program and supported through the conversion. “We brought in both local bank representatives and the rapid! Paycard for our employees to choose the best option for them. We wanted our employees to have the best options available. Most employees choose the rapid! PayCard.”
The Results
The results are in and they are significant. Penmac has now eliminated almost all paper checks. They are currently at 98% direct deposit and ePaystub participation. “We only cut checks now if we have made an error in new employee enrollment”, said Rost, “The rapid! PayCard support staff is fantastic. If we ever have errors in payroll, or any problem, they work with us to correct any issue on the front end.” Nearly 50% of Penmac employees currently receive their payroll on the rapid! PayCard. “Penmac will save almost a quarter of a million dollars, this year alone, because of our electronic payroll conversion using the rapid! PayCard.”
Critical to Penmac’s success were two key factors:
1) High level executive commitment to the electronic payroll conversion and;
2) Complete training and support for our branch personnel
“Our executive team was very comfortable with the rapid! PayCard product and felt confident that our conversion would be well supported by the rapid! team. They have been a great partner for Penmac in our electronic payroll conversion.”
About rapid! PayCard
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! Paycard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Product features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! Paycard team achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.
Contact:
rapid! PayCard: 727-828-3333
sales@rapidpaycard.com
REGIONAL COMPANY LOWERS PAYROLL COSTS ACHIEVES 98% E-PAY AND SAVES $60,000
Tampa Bay Workforce Alliance works with businesses and candidates to leverage their training, retraining and develop competitive opportunities in the workforce. With nearly 100,000 job candidates annually accessing its four career centers, they are the single largest source of job candidates in the region.
This major workforce employer was using gift cards (gas and retailer cards) to pay various benefits to its employees and candidates. This forced the company to maintain a gift card inventory approaching $400,000, in a typical month. Their key management started to look for a more efficient way to make these payments. Debt cards were in the news in 2004 because of their use during hurricane Katrina. This started the company’s successful transition to pay cards. Tampa Bay Workforce Alliance implemented the rapid! PayCard program in 2005 and has had great success. They now make over 98% of their payments electronically saving time for staff, employees and candidates who need less travel and time to receive their pay. The two key success factors for the Tampa Bay Workforce Alliance implementation were rapid! PayCard’s support, available at all hours and superior training. Drew Barker, Tampa Bay Workforce Alliance Services Manager sums up his rapid! PayCard experience “Thank you for your availability and great response. rapid! PayCard actually answers their phones and cell phones, with support at all hours. It is great to know you have the support when you need it. rapid! PayCard has been great to work with throughout the years. We are glad to be part of their company.”
Upper level management drove decision to move to pay cards but training drove the company’s successful adoption. rapid! PayCard conducted training over web, phone and through customized marketing materials. Drew Barker describes the training as, “Very professional and very complete. rapid! PayCard walked us through single and mass issuance of cards, a process to save time and our dedicated Client Marketing Coordinator trained our staff completely on the benefits and features of the program. It was vital to the success of our pay card program. We are now saving as much as $60,000 a year with the rapid! PayCard. The system is flexible, easy to manage, easy to load, efficient, and most importantly well supported”.
About rapid! PayCard
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! Paycard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Product features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! Paycard team achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.
Contact:
rapid! PayCard: 727-828-3333
sales@rapidpaycard.com
EDUCATION PROVIDER LOWERS PAYROLL COSTS AND ACHIEVES 100% E-PAY
rapid! PayCard Case Study; A post-secondary education provider committed to quality, career-focused learning led by enthusiastic professionals who are inspired to transform an individual into a top-notch professional. With over 10,000 graduates on 4 campus locations this education provider needed a better method of paying its employees and students than traditional paper checks.
Prior to the launch of the rapid! PayCard program this education provider was making all wage and stipend paymentswith paper checks. This was a major logistics problem for the 17 to 30 year old student demographic who lost up to 10% of the checks issued, resulting in expense stop payments and check reissues. With the typical student enrollment of 10 months the rapid! PayCard program was an ideal solution and a REAL benefit to both the student and the education provider.
The eligible students are issued a rapid! PayCard at an orientation session for first payment. The student orientation session instructs the students about the card benefits and how to use it efficiently. Since many of the students have part time jobs as well they are advised that the rapid! PayCard can be used for direct deposit at those jobs. This has made the entire payments process smoother, eliminating long lines for check pick-up, stop payment fees. According to the program manager the program has been “100% successful” in eliminating the issues of payment delivery.
The education provider was empowered by the rapid! PayCard solution to simplify their payments logistics using some key components of the rapid! PayCard technology such as instant payments and transfers to cardholders, Instant Issue rapid! PayCard VISA Debit cards supported by extensive training that provided a complete understanding of program. The rapid! PayCard program has eliminated mistakes and reduced expenses by $20,000 a year. More importantly, the faculty can now spend less time on payments and more time on their core mission of education.
About rapid! PayCard
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! Paycard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Product features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! Paycard team achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.
Contact:
rapid! PayCard: 727-828-3333
sales@rapidpaycard.com
rapid! PayCard TO PRESENT AT AZALEA CITY CHAPTER OF THE APA
Tampa, Florida - April 5, 2010- rapid! PayCard CEO Chris Ruppel will be presenting "Eliminating Paper Payroll in the Payroll Office”at the April 15th meeting of the Azalea City Chapter of the American Payroll Association. The meeting will be held The American Café at 3662 Airport Blvd, #A Mobile, AL at 11:30 am. APA members will earn education credits for attending this presentation.
About rapid! PayCard
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! Paycard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Pay card features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! PayCard team to achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.
To find out more about rapid! PayCard or to have us speak at your next event call or email us at the following:
rapid! PayCard: 727-828-3333
sales@rapidpaycard.com
rapid! PayCard ANNOUNCES STRATEGIC PARTNERSHIP WITH PenSoft
Tampa, Florida - March 16, 2010 - rapid! PayCard, a leading provider of Visa Payroll Debit Card solutions, and PenSoft, an innovator in payroll software designed specifically to help small to mid-sized businesses and payroll service providers have entered into an exclusive agreement to offer a seamless method to achieve 100% electronic payroll to their clients.
PenSoft clients will now have the ability to achieve a 100% electronic payroll and offer their employees the option of traditional direct deposit or a Visa Payroll Debit Card provided by rapid! PayCard. PenSoft will incorporate the rapid! PayCard product into their software platform, marketing materials and educational sessions to insure full program support and product awareness. This partnership will eliminate the need to print and distribute paper paychecks and is offered at no cost to the employer.
The rapid! PayCard is available to everyone, regardless of an individual’s past credit history. The FDIC Insured, Visa branded debit card will enable employees to take advantage of value added benefits such as immediate access to their payroll funds, text alerts of account activity, interest bearing savings, participation in a rewards programs, all at little or no cost. The program simultaneously eliminates the expense employers incur printing and distributing paper paychecks.
“While many companies talk about “going green” PenSoft has taken the necessary actions to allow their clients to make a positive impact on their employees’ lives and the environment. We look forward to building a strong and lasting partnership with PenSoft.” says Chris Ruppel, CEO rapid! PayCard
ABOUT rapid! PAYCARD
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! PayCard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Product features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! Paycard team achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.
Contact:
rapid! PayCard: 727-828-3333
sales@rapidpaycard.com
ABOUT PENSOFT
Peninsula Software of Virginia, Inc. (PenSoft) manufactures payroll software designed specifically to help small to mid-sized businesses and payroll service providers process virtually any payroll and related tax requirements faster, easier, and more cost effectively. PenSoft, a software developer since 1983, began its online presence in 1995. Corporate headquarters are located in Newport News, Virginia.
Contact:
PenSoft 757-873-2976
info@pensoft.com
rapid! PayCard AND DOMINION PAYROLL SERVICES OFFERS MORE TO EMPLOYEES
Tampa, Florida - March 16, 2010 – rapid! PayCard, a leading provider of Visa Payroll Debit Card solutions, and Dominion Payroll Services, a full service payroll processor, have entered into an exclusive agreement to offer additional employer and employee benefits to their clients.
Dominion Payroll Services’ clients will now have the ability to achieve a 100% electronic payroll and offer their employees the option of traditional direct deposit or a Visa Payroll Debit Card provided by rapid! PayCard.
The rapid! PayCard is available to everyone, regardless of an individual’s past credit history. The FDIC Insured, Visa branded debit card will enable employees to take advantage of value added benefits such as immediate access to their payroll funds, text alerts of account activity, participation in a rewards programs, all at little or no cost. The program simultaneously eliminates the expense employers incur printing and distributing paper paychecks.
“rapid! PayCard is excited to partner with Dominion Payroll Services and provide real value and cost savings for their clients. Our partnership will allow Dominion Payroll Services’ clients to easily access an industry leading payroll card program, free of charge. On average their employees can expect to see a $500 - $700 annual savings using the rapid! PayCard while experiencing the freedom, flexibility and security that are provided by a Visa branded, FDIC insured debit card. ” says, Chris Ruppel CEO of rapid! PayCard.
About rapid! PayCard
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! Paycard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Product features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! Paycard team achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.
Contact:
rapid! PayCard: 727-828-3333
sales@rapidpaycard.com
About Dominion Payroll Services
Richmond-based Dominion Payroll Services was recognized as one of the top four companies nationally for overall growth by Payroll Associates, a national provider of payroll processing and human resources application software. Each year Payroll Associates recognizes those top organizations that demonstrate exceptional client growth out of 300 payroll service bureaus with special achievement awards. This year Dominion Payroll Services received one of five top Platinum Awards, the highest award given. Dominion Payroll Services has won this award for the past two years, receiving the Gold Award three years ago as one of the industry's top 10 companies. Beginning operations in 2001, Dominion Payroll Services employees 16 people and offers a full suite of human resources, payroll and time and attendance services and products. For more information, visit our website at www.dominionpayroll.com
Contact:
Graham Neal
gneal@dominionpayroll.com