The Contractor’s Corner – Are payroll cards a good idea for construction companies?

Description

Abstract: In this issue’s “Contractor’s Corner,” we answer a query about the feasibility of payroll cards for construction companies. Under this practice, employers issue workers a magnetic-striped card (much like a credit or debit card) that links to a payroll account. As the article explains, doing so offers cost savings and convenience for the business but comes with significant legal and administrative risks.