Payroll 1 Introduces New Stored Value Debit Card

March 3, 2004 ( - Genpass, Inc and Payroll 1 Inc have put their heads together and launched a new stored value debit card.

The Payroll 1 PayCard stored value debit card offers employers an alternative to paychecks. Rather, companies can deposit paychecks directly into an account that can then be accessed through an automatic teller machine (ATM) like a debit card, according to a news release.

For its part, Genpass brought experience in electronic fund transfer processing and the MoneyPass network to the table, a network of surcharge-free ATMs that the company manages.