Some of our clients may have trouble making or distributing payroll; that is where we as bankers can step up and make a difference.

When you discuss Payroll Rapid! Paycards, do the following: 

1. Discuss Features and Benefits

   What business wouldn't want to save money?

   The Rapid! PayCard structure is designed to help businesses save money in the following ways:

   • No charge to set up or add to an existing payroll or ACH direct deposit process
   •  PayCard funds are deposited usually around 3 am on the day of payroll or payment promised
   •  Reduces the number of checks issued and the costs associated with reconciling and replacing them
   •  Employees no longer need to stand in line to cash their checks 
   • Employees can use their cards by PIN or signature anywhere MasterCard is accepted (pretty much everywhere!) 
   • Employees can withdraw funds at over 47,000 locations including CVS, Target, and Walgreens for little to no cost 
   • A rapid! enrollment specialist is assigned to each business owner or payroll manager 
   • 24/7 service provided by Rapid! to both employer and employees 
   • Rapid! mobile app, texts, and Online Banking services are free to the employee 

2. Identify Opportunities

   Look for employers with payroll issues or employers seeking ways to streamline the process.

3. Discover Client Needs

   The Rapid! PayCard is a safe, secure, and hassle-free way for employees to collect, manage, and ultimately spend their hard-earned money. PayCards offer more convenient purchase options and more security than carrying cash. The Rapid! PayCard requires no credit check and is accepted everywhere debit cards are accepted.

   
   Cardholder Benefits

   • No paycheck cashing fees
   • No lost checks
   • No need to carry large sums of money
   • 24/7 access to pay
   • Free multilingual customer service 7/24/365
   • Access to pay without a fee
   • Free access to monitor transactions online and text alerts
   • Savings account access without a fee
   • Cash back rewards

4. Recommend Products/Services

   The Rapid! PayCard provides our client's company with the most comprehensive paycard benefit and ePayroll program designed for employers choosing to convert to electronic delivery of payroll at zero cost.

   The Rapid! PayCard, ePayStub, and online W2 forms eliminate paper in the payroll process and benefit employers, employees, and the environment.

   • Rapid! PayCard — converts all eligible employees over to standard direct deposit and eliminates payroll checks.
   • ePayStub — Provides pay stubs electronically to all employees and eliminates pay stub distribution.
   • eW2 — Reduces your company’s requirement to mail paper W2s by providing electronic access.

   
   The ePayStub and online W2 forms provide multiple outlets for employees to view their electronic statements and tax documents.  

5. Handle Objections

   How Businesses Benefit

   • Reduced costs — Expanding direct deposit participation generates significant cost savings over the current methods of printing and delivering checks and wage statements.
   • Improves efficiency — The Rapid! PayCard solution expands electronic direct deposit participation and eliminates the need to distribute regular pay check and wage statements to employees. By eliminating paper checks, your exposure to check fraud is minimized; lost or stolen check problems are eliminated; business continuity improves, and cycle payment problems are lessened.
   • Increases corporate environmental responsibility — Improving your direct deposit participation is a simple, safe, and smart way to have a positive impact on the environment.

6. Ask for the Business

   Ask this question:
   
   Can I have a representative from Rapid! PayCard contact you?

7. Make a Referral

   Discuss the service benefits with your client, and when the client indicates interest, send a Synapsys referral to _Paycard Referrals with the following information:

   • Business employer or payroll contact information:
     • Name 
     • Phone number 
     • Email 
   • Total # of employees
   • Currently using ACH direct deposit? Yes/no
   • Number of employees receiving paper checks

   
   Rapid! representatives George Labanca or Matt Merriam will contact your business client within 24 hours.

   Referrals are marked sold for Business Partner Referral and Take it to Ten credit.

   For clients that need to start an ACH direct deposit service, email _Treasury Management.

8. Process the Sale

   For clients that need to start an ACH direct deposit service, email _Treasury Management.