TUPELO — BancorpSouth, Inc. has launched the BancorpSouth Payroll Card, through its Treasury Management division, designed to be an alternative to traditional check printing for businesses.
By going through a Treasury Management representative, employers can set up payroll cards to have a safe, convenient way to electronically pay all employees without having the risk of paper checks.
Michael Lindsey, BancorpSouth Senior vice president, retail banking, said, “For businesses, the payroll card streamlines the payroll process while reducing processing and check fees. For employees, the payroll card enables them to have immediate access to their funds without waiting in lines or paying check cashing fees.”
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