Tampa, Florida - March 16, 2010
Rapid! PayCard, a leading provider of Visa Payroll Debit Card solutions, and PenSoft, an innovator in payroll software designed specifically to help small to mid-sized businesses and payroll service providers have entered into an exclusive agreement to offer a seamless method to achieve 100% electronic payroll to their clients.
PenSoft clients will now have the ability to achieve a 100% electronic payroll and offer their employees the option of traditional direct deposit or a Visa Payroll Debit Card provided by rapid! PayCard. PenSoft Payroll will incorporate the rapid! PayCard product into their software platform, marketing materials and educational sessions to insure full program support and product awareness. This partnership will eliminate the need to print and distribute paper paychecks and is offered at no cost to the employer.
The rapid! PayCard is available to everyone, regardless of an individual’s past credit history. The FDIC Insured, Visa branded debit card will enable employees to take advantage of value added benefits such as immediate access to their payroll funds, text alerts of account activity, interest bearing savings, participation in a rewards programs, all at little or no cost. The program simultaneously eliminates the expense employers incur printing and distributing paper paychecks.
“While many companies talk about “going green” PenSoft has taken the necessary actions to allow their clients to make a positive impact on their employees’ lives and the environment. We look forward to building a strong and lasting partnership with PenSoft.” says Chris Ruppel, CEO rapid! PayCard
About PenSoft
Founded in 1983, Peninsula Software of Virginia, PenSoft, develops PenSoft Payroll; a payroll accounting software designed for small to mid-sized U.S. businesses with 1 to 2,000 employees per company. With many payroll experts and Certified Payroll Professionals (CPP) on staff, PenSoft monitors state and federal tax laws for changes to ensure PenSoft Payroll is always current and up-to-date, and is backed up by unsurpassed program support for users and an online Knowledge Database. Corporate headquarters are located in Newport News, Virginia. For additional information, visit PenSoft on the web at www.pensoft.com
About rapid! Paycard
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid! PayCard’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery. Product features such as Visa Instant Issue debit cards, no overdraft fees and superior implementation has enabled the rapid! Paycard team achieve over 1 billion in annual loads. For more information, visit our website at www.rapidpaycard.com.