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Press Release: Making payroll cards work for employees

Electronic Payroll Coalition sets out 'core principles' for paycards

By Other Sources | Updated on March 11, 2011

HERNDON, Va., March 3, 2011– The Electronic Payroll Coalition (EPC) today released “Joint Core Principles for Payroll Cards,” developed in collaboration with the Consumers Union and the National Consumer Law Center. These core principles are an important component in the fair and safe use of the payroll card as a convenient method for employees to receive wage payments.

Representing the Association for Financial Professionals (AFP); the American Payroll Association (APA); and NACHA — The Electronic Payments Association, the EPC promotes best practices and raises awareness of the benefits of electronic payroll, both Direct Deposit and payroll cards. Collaboration between the EPC and the Consumers Union and National Consumer Law Center resulted in many shared philosophies on the use of payroll cards. The Core Principles unveiled today represent organizational consensus with respect to recommendations for all those who are engaged in issuing, selecting, using, or regulating payroll cards. Each organization may issue supplemental principles.

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