MasterCard Introduces Payroll Card Standards

MasterCard released new standards on December 13 designed to help employees deposit paycheck electronically onto payroll cards, a press release indicated.

The standard was developed through the company’s “Master Your Card” and “Master Your Card: Oportunidad” public education programs, and took six months to establish.

“These standards will help ensure that employees not only understand the choices available, but allow them to take advantage of benefits like direct deposit, online shopping and bill payment that have not been traditionally available to them,” Ron Hynes, group executive of Global Prepaid Solutions at MasterCard, said in a statement.

To learn more about MasterCard and its payroll card program, click here.

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