The Payroll Card market is a subset of the Bank Card market, which includes debit cards, credit cards, prepaid cards, and other payment cards. Payroll Cards are a type of prepaid card that employers can use to pay their employees. These cards are typically issued by banks or other financial institutions and are linked to the employee's payroll account. Employees can use the cards to make purchases, withdraw cash, and pay bills. Payroll Cards offer employers and employees a convenient and secure way to manage payroll. They are also cost-effective, as employers do not have to pay for paper checks or other forms of payment. Additionally, they provide employees with access to their funds immediately, without having to wait for a check to arrive in the mail. Some companies in the Payroll Card market include ADP, Mastercard, Visa, and American Express. Show Less Read more
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