Prepaid Cards in the Employer Channel: Use Cases and Implications

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The July 2023 report examines prepaid cards issued through employers, highlighting payroll cards for fast fund access, online payments, and banking features, with 58% of users checking balances online. Distribution has expanded beyond physical cards to email, text, and digital wallets, with 17% preferring the latter. Employee incentive cards, often valued under $500, are common and act as proxies for lifestyle accounts. Remote work and digital payment adoption drive these shifts, with speed, convenience, and financial oversight being top priorities for payroll card users.

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Prepaid Cards in the Employer Channel: Use Cases and Implications

Prepaid Cards in the Employer Channel: Use Cases and Implications

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