TMG Expands Prepaid Offering with Payroll Cards
July 22, 2008
Des Moines-based TMG (The Members Group) is expanding its prepaid product line by announcing the general availability of payroll cards to its credit union clientele.
The pay card service, called ATIRApay, already has more than 40,000 U.S. employee cardholders, acquired during the product’s year-long pilot program. The ATIRApay card has been in a pilot phase since it was "soft launched" in July 2007. Over the course of that year, TMG has continued to develop the product and enhance its functionality.
Designed as an alternative to traditional payroll checks, ATIRApay cards offer employers a cost-effective way to distribute payroll checks, health care benefits and incentive pay via reloadable, prepaid cards.
ATIRApay cards are powered by Visa or Mastercard and [issued by] the employer’s credit union, making them usable anywhere major debit cards are accepted. They also work as ATM cards, giving employee cardholders instant access to cash.
TMG clients are credit unions who offer ATIRApay card services to their employer members.
“It costs an average of $2 -$20 per employee to process traditional payroll checks,” said Jeff Falk TMG director of product development. “Employers looking to save that expense are finding ATIRApay a great solution. Not only does this solution provide a cost savings for the employers, it provides employees faster access to their cash, eliminating the need for locating check cashers. The card also provides a way to enhance the services credit unions provide to their members.”
For More Information:
Kelly Moore
Public Relations Consultant
866.355.5736
pr [at] themembersgroup.com
