The Ultimate in Adaptability and Economy
The Nazpay Flexible Pay Package pays employees the way they want. From traditional paper checks to the latest in electronic banking, this package has been designed to satisfy the total needs of employees while delivering additional convenience and cost savings to employers.*
Direct Deposit
With direct deposit, which features EasyCheck® and the Nazpay PowerCash Visa Card, you receive significant time, labor, and expense savings. Nazpay makes this goal possible, even if some employees prefer to receive negotiable, paper checks or do not have a bank account. The benefits include:
Complete, fast, easy payroll account reconciliation. All employee wages can be reconciled on payday, not weeks or months later.One account withdrawal. Your payroll accounting involves a single debit, not multiple ones for individual employee checks. Besides saving you time, this can also cut costs by eliminating the need for a separate payroll bank account.
Nazpay Direct Deposit Service
Isn't it Time You Got Out of Line?
The Nazpay automatic salary deposit service — direct deposit — adds economy and productivity to paydays. Employees appreciate the safety and convenience. Employers like how it helps their company's bottom line. Here's how direct deposit saves time and eliminates problems.
Check Into It!
Bypass the check cashing routine
Losing productivity while employees stand in long, payday bank lines becomes a thing of the past. Direct deposit means their wages are already in their accounts on payday.Add a benefit
Direct deposit provides a benefit highly appreciated by employees. 56% of U.S. employees are paid using direct deposit.
Speed check reconciliation
People doing the books love direct deposit. There's no long, drawn out process as checks get cashed. All direct deposit amounts can be reconciled on payday.Eliminate special payments
Employees who are on vacation, traveling on business, or out sick have their money on payday. No checks to be mailed, no special arrangements, no inconvenience for employee or employer.Free the check signer
There are no checks to sign with direct deposit. With 100% direct deposit participation, there doesn't even have to be a person with check signing authority present on payday.Save time after payday
Employees with direct deposit never need replacements for lost or damaged checks. That means greater security for them and fewer problems for management.Here's How it Works
First, your employees authorize the transfer of funds to their personal accounts. Every pay period the appropriate wages are automatically deposited into their individual checking or savings accounts. Employees receive a pay voucher showing their account number and the amount deposited. Employers receive a direct deposit report with each payroll, detailing transactions for the pay period.
Everyone Can Participate!
Traditionally, pay is deposited in checking or savings accounts. Our Nazpay® PowerCash Visa® Card accounts provide a third alternative. An account provides employees with a quick, safe, and convenient way to get their pay, while adding the benefits of a purchase-debit card. With PowerCash Visa Card, there's no reason why your company cannot have 100% direct deposit participation.EasyCheck TM
EasyCheck is a negotiable check for employees who are not on direct deposit. Here's how it works: like direct deposit, a single debit is made from your account for all employees receiving EasyCheck. Then each employee receives their check, drawn on our EasyCheck account, while the problem of reconciling each of those checks is transferred to Nazpay.
EasyCheck arrive pre-signed and ready for distribution. Even though they are individual checks, you still get the benefit of complete, easy check reconciliation on payday because they are drawn on our account, not yours.
Nazpay PowerCash Visa® Card
It's a Purchase Card. It's a Cash Card.
For workers who do not have a bank account, like the convenience of a debit card, or travel on payday, the Nazpay PowerCash Visa Card combines the safety and convenience of direct deposit with a purchase-debit card. Each pay period, an employee's wages are electronically placed in their personal debit card account. Using their PowerCash Visa Card, they may make purchases at stores, or make withdrawals at ATMs wherever Visa is accepted. With the Nazpay PowerCash Visa Card, your pay is electronically deposited into your own private account each payday, like normal direct deposit. The PowerCash Visa Card is a plastic debit card (it looks like a credit card). You can use the card to make purchases wherever the Visa symbol is displayed. You may also use the card to get cash at any automated teller machine (ATM) displaying the Plus® or Visa logo. Every transaction is deducted from your PowerCash Visa Card account.
Check Signing
If you prefer to have individual payroll checks drawn against your account (rather than the ease and simple reconciliation of EasyCheck), your signature can be pre-applied by Nazpay. You don't have to take time to sign them, or even be present on payday.
Check Inserting
For total confidentiality and convenience, all checks and direct deposit statements arrive at your location pre-inserted, signed, and sealed in security envelopes ready for on-site distribution or mailing.
For more information about our products and services, contact a Nazpay representative at 1-866-629-7295, Monday through Friday from 9:00 a.m. to 6:00 p.m. ET. Use our form for a no-obligation quote or get an online quote now.
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