Alterna Card Services

An electronic funds transfer platform for employers and employees who benefit from safe, secure, low cost EFT money management.

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You can now direct deposit payroll for unbanked workers.

The Alterna Card Program is designed to give your agricultural business an “Alternative” to managing seasonal worker or “under banked ” payroll issues.

Workers can send money anywhere for a low $.99 fee.

The Alterna Card Prepaid MasterCard® Debit Card can be attached to a Family Maestro® Card.

This is how it works…

Direct deposit payroll to an employee’s debit card number rather than a bank account or generating a paper paycheck. You utilize your current payroll system. This is a new more convenient and more secure payment option.

On payday the employee has access to the funds deposited into their prepaid debit card to use online, over the phone, at an ATM, or at a Point of Sale (POS) terminal. If the employee chooses to, they can attach a Family Maestro Card to their Debit Card Account. By sending the Family Maestro Card to a family member, money can be transferred to the Family Maestro Card anywhere in the world for a $0.99 fee.

 

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Employer Benefits

Safe, Secure, Convenient Electronic Funds Management

  • Alterna Card© provides greater security and convenience throughMasterCard’s Zero Liability policy ensures lost or stolen card replacement, with full remaining stored value.
  • ATMSafe protects cardholders when they get money from an ATM or get “cash back” from a retailer when they use their Alterna Card, anywhere in the world, 24/7/365.
  • Online and/or paper statements help employees track spending and manage finances.
  • Bilingual customer service and support.

Reduce High Costs 

  • Streamline costly and time-consuming payroll administration by replacing paper-based distribution with a card-based system.
  • Reduce the costs of reconciliation against your payroll disbursement account.
  • Reduce the costs of paper production of checks.
  • Reduce the costs of replacement of lost or stolen checks.
  • Reduce the costs of special disbursements, such as final paychecks.

Gain Operational Efficiencies 

  • Employee fills out one simple form.
  • Simplify payroll distribution for all categories of employees including un-banked, contract, temporary, youth, part-time and remotely-located workers.
  • Increase employee productivity by eliminating time-consuming off-site trips to cash paychecks.
  • Use your existing payroll processor and systems to manage payroll account processing, including payment disbursement instructions to your banking institution, tax calculations and reporting. (Direct deposits continue to be handled as they are currently.)
  • Receive management reports via hard copy or the Internet.
  • The Alterna Card© can be used again next year.
  • The Alterna Card© and the Maestro® Debit Cards can be used up to their expiration dates.

Employee Benefits

Lower Money Management Fees

  • Eliminate expensive check-cashing fees.
  • Eliminate expensive money wire transfer fees.
  • The Alterna Card Services allows you to share money with family and friends worldwide – up to $500 for a low $.99 fee (share up to $3,000 per month.)
  • Each Alterna Card© cardholder may purchase up to three Family Maestro®Debit Cards for a onetime cost of $5 per card. This greatly reduces the cost of sending money via money wire service.
  • Employees can use their Alterna Card© online, over the phone, and at the millions of places that accept MasterCard® debit cards — including restaurants, supermarkets, pharmacies, motels, clothing stores, drug stores, gas stations and more.

Convenience

  • The Alterna Card© gives employees immediate access to their payroll funds on payday.
  • Star ATM Network provides surcharge free ATM access to 56,000 ATMs.
  • Employees can access cash at more than 900,000 locations including selectPOS terminals, bank branches, and ATMs.
  • Cardholders can make purchases, get “cash back” after those purchases and pay bills anywhere MasterCard debit cards are accepted.
  • Employees can use their Alterna Card© online, over the phone, and at the millions of places that accept MasterCard® debit cards — including restaurants, supermarkets, pharmacies, motels, clothing stores, drug stores, gas stations and more.
  • Participating employees don’t need a banking relationship.
  • The Alterna Card© can be used with other employers and again next year.
  • Cash can be added to the Alterna Card© at an ATM, at any time.
  • The Alterna Card© and the Maestro® Debit Cards can be used up to their expiration dates.

 

Get Started

Alterna Card Services can work for your business by following these five three easy steps:

  1. Sign up for Alterna Card Services.
  2. Employees fill out one simple form.
  3. Direct deposit payroll funds to a card account rather than a bank account for under banked workers.
  4. Employees manage their money electronically and have immediate access to cash through the no-surcharge Star ATM network and have “card access” to goods and services.
  5. Transfer money to family members anywhere in the world via the Family Maestro® Card at a small fraction of money wire transfers.

 

To get started using the Alterna Card Services platform simply purchase the number of cards you need at $2.50 per card.

Call: 1-800-331-3276

E-Mail: info@wsfb.com