Paperless Pay — A Lawful Solution

Law360, New York (August 20, 2009, 11:09 AM EDT) -- The benefits of electronic wage payment are well documented. Direct deposit and payroll cards provide employees with access to their net pay in a far safer, more secure and less expensive way than traditional paper paychecks.[1]

Employees who do not have a regular checking or savings account ("unbanked employees") are able to access wages loaded onto their payroll card without resorting to expensive check-cashing services.

Employers benefit by eliminating the costs associated with printing, processing and distributing paper paychecks. These cost savings can be substantial.[2]...
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