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2014-09-18

AbacusPayroll,salarypayment,DiamondCashFIHRST

Abacus Payroll now provides clients with a new, flexible and cost effective salary payment method through a single electronic payment channel from Diamond Cash. The Diamond Cash Card is a re-loadable and reusable prepaid banking card that allows employers to offer direct deposits of salaries, commissions, expenses etc. to those employees who do not have a bank account.

The cards are issued to employees by the employer and offers access to a full range of banking functionality, including mobile and internet banking. This means that cardholders have access to their pay 24 hours a day, 7 days a week via millions of ATMs and Point-Of-Sale terminals at grocery stores, petrol stations and other retailers displaying the MasterCard® logo. Through "linked" cards, cardholders can also safely and cheaply send money home to remote family members.

Employers benefit not only in terms of the efficiency and cost-effectiveness of the payment solution, but the elimination of cash payments is an obvious relief in terms of security concerns. Because cards can be topped up easily via the web interface, re-imbursement of expenses can also be issued effortlessly.

The Diamond Cash Card offers exceptional value to both employers and employees – especially those individuals who do not have access to bank facilities. For distribution of Nett Salaries to employees’ bank accounts, Abacus Payroll makes use of Net1 FIHRST, the largest payment service provider in South Africa.
 

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