Treasury Management Services
Compass Paysource® Card
How it Works
- You enroll your employees online. If you choose the optional instant issue card feature, you may immediately provide employees with a non-personalized Compass PaySource Card. Otherwise, your employees will receive their card via regular mail.
- Employees activate their card and select a Personal Identification Number (PIN) online or by calling a toll free number. This PIN can be used to receive cash at ATMs or from point-of-purchase terminals at participating retailers.
- Each pay period, you electronicaly submit your employees' pay via Direct Deposit of Payroll. Cardholder account numbers for your Direct Deposit file are provided to you online.
- Your employees' pay is credited to the Compass PaySource Card and is available first thing in the morning on payday.
- Your employees can withdraw funds at any banking center that process Visa cash advances, or at any ATM displaying the Visa/PLUS® sign worldwide. Your employees can use their cards to pay for purchases where they shop, anywhere Visa® Check Cards are accepted.
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