Springbok Launches Prepaid Payroll and Automated Bill Pay to Help Clients Optimize Payment Processes

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Mon Jun 29, 2009 8:00am EDT

Springbok Prepaid Payroll Cards Lower Operating Costs, Improve Security and
Extend Greater Spending Flexibility to Cardholders
ENGLEWOOD, Colo.--(Business Wire)--
Springbok Services today introduced its enPay prepaid payroll cards, a
convenient, cost-effective and green alternative to paper payroll checks. As
part of Springbok`s payroll offering, the company is also launching Springbok
Bill Pay, an automated bill payment service to help cardholders fully leverage
the value of their prepaid payroll cards. Springbok enPay payroll cards enable
companies to lower costs and optimize payment processes by avoiding production,
handling and distribution of checks, as well as eliminating the time constraints
and fees associated with lost and stolen checks. With the cost to cut and mail
checks approaching $2 each, employers can save nearly $50 per employee annually
by using Springbok enPay payroll cards. 

Safer and faster than cash and checks, Springbok enPay automates the payroll
process by replacing paper-based payments with a reloadable Visa prepaid card -
reducing organizations` operational expenses, minimizing check-related fees and
improving security. Employers can customize their enPay prepaid payroll card
with their company name and logo, distribute the enPay cards to employees, and
then upload funds directly to the payroll card to pay salaries, reimburse
out-of-pocket expenses, pay bonuses and commissions, or fulfill termination
payments. 

For employees, enPay prepaid payroll cards eliminate the need to stand in line
at a bank or check cashing service and help them avoid the associated costs.
Springbok enPay gives employees immediate access to their funds via more than
37,000 surcharge-free ATMs across the country and more than one million ATMs
worldwide. Employees can also use their prepaid payroll cards to make purchases
anywhere Visa debit cards are accepted. Additionally, Springbok enPay payroll
cards provide greater security because cardholder funds are FDIC insured and
Visa`s Zero Liability Policy1 protects cardholders against unauthorized
purchases. Cardholders also have 24 x 7 access to transaction history and
customer support. 

In addition to making purchases, cardholders can use their Springbok prepaid
payroll cards to pay their bills. The new service launched today, Springbok Bill
Pay, enables enPay payroll cardholders to schedule one-time or recurring
payments online 24 x 7. Bill Pay eliminates costly money orders and check
cashing fees, and enables enPay cardholders to pay virtually any company or
person in the United States, whether or not they accept electronic payments. And
because all of these capabilities are online, management of transactions is
easy, detailed and trouble-free. 

"Springbok understands that every implementation process is unique, and as such,
we will provide each client with essential support to make their prepaid payroll
card program a success," said John Nail, compensation product manager, Springbok
Services. "From project planning and enrollment training sessions to cardholder
fulfillment and technical support, Springbok is fully committed to making every
client`s payroll transition from paper checks to prepaid cards a seamless
experience." 

To learn more about Springbok`s enPay prepaid payroll cards and Bill Pay
service, please visit:
http://www.springbokservices.com/Employees-Compensation-Payroll.aspx. 

About Springbok Services, Inc.

Established in 1998, Springbok Services provides customized, multi-touch prepaid
MasterCard card and Visa prepaid card programs to positively motivate behavior
and enhance loyalty among corporate employees and/or their customers. Springbok
is the leading prepaid card provider that offers complete lifecycle management
of prepaid card programs from program development and card fulfillment to
transaction processing and reporting. The company is SAS 70 and PCI compliant
and supports nearly 6,000 clients, including 225 of the Fortune 500. Springbok,
headquartered in Englewood, Colorado, is a founding member of the Network
Branded Prepaid Card Association (NBPCA). For more information, visit
http://www.springbokservices.com. 

Springbok Services, Inc. is a registered agent of MetaBank. Visa prepaid cards
are issued by MetaBank pursuant to a license from Visa U.S.A. Inc.

1 Visa's Zero Liability policy covers U.S.-issued cards only and does not apply
to ATM transactions, PIN transactions not processed by Visa, or certain
commercial card transactions. Cardholder must notify issuer promptly of any
unauthorized use. Consult issuer for additional details or visit
www.visa.com/security. 



Springbok Services
Media Contact:
Michelle Chase, 303-409-4136
michelle.chase@springbokservices.com

Copyright Business Wire 2009

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