SACRAMENTO, Calif. (AP) — Cash, checks and direct deposit are the only official ways to pay employees, but a bill approved by the state Assembly would add payroll cards to that list.
Employees make purchases with the cards as they would with gift cards, except the money comes from employers, who refill them every payment cycle.
AB51 explicitly authorizes the cards as a form of wages, although they already have been rising in popularity since Visa and MasterCard entered the payroll card business.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.