rapid! PayCard

The rapid! PayCard, provided by Green Dot Bank, is a paycard program aimed at streamlining payroll processes, reducing costs, and improving efficiency. According to the vendor, this solution is designed for payroll providers, payroll software companies, membership associations, and professional employer organizations (PEOs). It caters to various industries, including restaurant franchises, industrial staffing companies, education providers, school districts, and healthcare providers.

Key Features

Compliance Assistance: The rapid! PayCard offers tools, including the compliance map, to assist businesses in meeting compliance requirements efficiently.

Zero Employer Fees: According to the vendor, employers can benefit from no fees for card inventory, training, or paycard implementation, potentially reducing costs.

Automated Card Inventory: This program provides automated inventory control for multiple locations, aiming to ensure efficient management of paycards.

Sophisticated Security: The rapid! PayCard employs advanced security measures, eliminating the need for expensive security tokens. It also incorporates fraud protection built on intelligent "neural network" security.

API Integration: According to the vendor, the solution offers seamless integration with payroll software or providers through APIs, potentially enhancing convenience and compatibility (if provider supports API integration).

Mobile Application: The vendor states that a mobile application is available for iPhone and Android devices, allowing cardholders to conveniently manage their paycards on the go.

Real-Time Clearing Pay at the Pump: The rapid! PayCard enables near real-time clearing pay at the pump, without pre-authorization hold. It also offers partial authorization for gas pump purchases when the card balance is less than the standard pre-authorization amount.

Interest Bearing Savings Account: Cardholders have the option to open an interest-bearing savings account, potentially providing an opportunity to grow their funds.

Cardholder Service at No Cost: According to the vendor, cardholder service is provided at no additional cost, offering support and assistance when needed.

Cardholder Cash Back Rewards: Cardholders may have the opportunity to earn cash back rewards on certain transactions, as claimed by the vendor.

ATM Locator: The rapid! PayCard provides access to a network of in-network ATMs, potentially allowing cardholders to withdraw cash without surcharges. The vendor claims that the Allpoint ATM network offers surcharge-free access at more than 55,000 locations worldwide, and the MoneyPass network provides surcharge-free ATMs coast to coast.