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Reduces check writing
- Reduces re-issuing due to loss or theft. Replacement checks cost business $48 million annually according to CompuPay.com
- Direct deposit saves time Chances of having a problem with a check is 20 times greater than with Direct Deposit according to DirectDeposit.org
- No need for employees to leave work to cash paychecks
- No Monthly Service Fee
- No Cost for the cards for employee signup with Direct Deposit
- Reduces cost of check writing - time and materials
- Reduces turnover cost Turnover cost is 1.5 times the salary of the lost employee - PricewaterhouseCoopers
- Provides employees with inexpensive, convenient money transfers, access to 1 million ATMs, safety and much more.
Luma Payroll offers a MasterCardŽ debit card that reduces the administrative costs of paying employees. No Cost to Employers!