Learn the information you need to choose and implement a paycard program and ensure compliance with any federal, state or banking requirements.
When employees are unable, or unwilling, to use direct deposit for their compensation, a live check is provided. Live checks are not a cost-effective way to pay employees but, for some employees, a brick and mortar bank may not be an option. Businesses experience the administrative burden of voiding and reissuing lost checks, the costs of check printing and processing, and processing outstanding checks per state escheatment requirements. When providing employees with paycards, businesses avoid reissuing lost or damaged checks, the banking and supply costs of live payroll checks and managing uncashed check concerns with escheats. Businesses can reduce costs associated with live checks and use paycards in many different ways to benefit employees. This topic will provide businesses with the information they need to choose and implement a paycard program, communicate the benefits of the use of a paycard and ensure compliance with any federal, state or banking requirements. Utilizing and implementing a paycard program at your organization is a win-win scenario.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Payroll Cards
- Defining Paycards
- When to Use Paycards
- How to Use Paycards
How and Why to Use Payroll Cards
- On-Demand Pay With Paycards
- Advantages of Paycard Use
- Requiring Paycard Use
Guidelines and Compliance With Payroll Cards
- Federal Paycard Regulations
- State Paycard Regulations
- Banking Regulations
Payroll Cards Best Practices
- Choosing the Right Paycard for Your Company
- Policies and Procedures for the Use of Paycards
- Communicating Paycard Opportunities to Employees
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 8, 2021.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
- ASA 1.25
- This program may qualify for 1.25 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- MO CLE 1.8
- This course qualifies for self-study CLE credit in Missouri.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- VT CLE 1.5
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
HR Certification Institute 1.5
- This E-Learning program has been pre-approved for 1.5 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.25
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.25 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Tricia Richardson, CPP, SPHR, SHRM-SCP
Purposed Payroll Professional
- Purposed Payroll Professional
- Over 25 years of experience in all aspects of workforce management (payroll processing, taxation, employee handbooks, human resources, benefits, etc.)
- Certified Payroll Professional (CPP) through the American Payroll Association (APA), Senior Professional in Human Resources (SPHR) through the HR Certification Institute, and a Society for Human Resource Management Senior Certified Professional (SHRM-SCP)
- Member of the National Speakers Bureau for the National American Payroll Association (APA) and a contributing writer for Paytech Magazine
- Serves as the treasure of a York County Pennsylvania Non-Profit Association
- Involved locally through the Susquehanna Valley Chapter of the American Payroll Association, having served in various roles on the board of directors and as a contributor to the certification study groups
- B.S. degree in management studies, University of Maryland University College
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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