Debit Cards Increase in Popularity as Form of Payroll
Tampa Bay Business Journal
January 20, 2012
Charles L. "Charlie" Stutts- Tampa
Direct deposit offers convenience and security both for companies and employees, but for employees without bank accounts it's not an option. Prepaid debit cards have answered the call for those employees without bank accounts, and card providers have found avenues for growth. The option is popular in the restaurant, hospitality, construction and manufacturing industries. Employees can use the debit card anywhere Visa is accepted and draw cash from an ATM. "Prepaid debit cards, not only as a form of payment, but for general commercial use, are on the rise," said Banking Law Partner Charlie Stutts.
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