PaySource™ Card

Compass PaySource© Card

overview

The easy way to deliver your pay

Help your business reduce costs and increase employee satisfaction at the same time! The PaySource™ Card allows you to electronically deliver your employees':

  • Pay
  • Bonuses
  • Reimbursements
  • Other types of compensation

To get started, you'll need a BBVA business checking account and direct deposit of payroll. (Your employees will not need a bank account to participate.)

Benefits

Benefits for your company

  • Eliminates even the first paper check to new employees with our optional instant issue card feature
  • Eliminates difficult check distribution practices to remote or traveling employees
  • Reduces payment preparation time and effort
  • Provides additional protection from check fraud losses
  • Eliminates check printing and storage costs
  • Decreases the number of stop payments and minimizes account reconcilement tasks

Benefits for your employees

  • Provides the ability to use the PaySource™ Card for purchases anywhere Visa® Debit Cards are accepted, and get cash at ATMs worldwide
  • Employees can also access their pay at over 43,000 surcharge-free Allpoint Network ATMs
  • Eliminates the anxiety of checks lost in the mail
  • Saves the time and inconvenience of leaving work to cash or deposit checks
  • Allows employee access to their payroll funds at the beginning of the day on payday
  • Saves the employee money by eliminating check-cashing fees
  • Provides a safe alternative to carrying cash

FAQS

Frequently asked questions

 

Am I a good candidate ?
  • Would you like to reduce expenses associated with issuing paper payroll checks?
  • Would you like to offer a new benefit to your employees?
  • Do you have employees who do not have bank accounts?

If you answered "yes" to any of these questions, your company is a good candidate for the PaySource™ Card.

How does it work ?
  1. You enroll your employees online. Your employees will receive their card via regular mail.
  2. Employees activate their card and select a Personal Identification Number (PIN) online or by calling a toll free number. This PIN can be used to receive cash at ATMs or from point-of-purchase terminals at participating retailers.
  3. Each pay period, you electronically submit your employees' pay via Direct Deposit of Payroll. Cardholder account numbers for your Direct Deposit file are provided to you online.
  4. Your employees' pay is credited to the PaySource™ Card and is available first thing in the morning on payday.
  5. Your employees can withdraw funds at any banking center that process Visa cash advances, or at any ATM displaying the Visa/PLUS® sign worldwide. Your employees can use their cards to pay for purchases where they shop, anywhere Visa® Debit Cards are accepted.

Details you need to make a smart decision 

Subject to credit approval.

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