PrismHR service providers can now eliminate paper checks with 100% electronic payroll from rapid!.
Hopkinton, MA – June 16, 2021 – PrismHR, the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced that rapid!, a comprehensive paycard solution that provides 100% electronic payroll, is now available to its HR service providers, their small business clients and their worksite employees through the PrismHR Marketplace.
rapid! is a comprehensive paycard solution that eliminates paper checks, reduces costs, and improves efficiency at no cost to HR service providers, their clients or employees.
rapid! helps clients achieve a legally compliant electronic payroll program that improves efficiency by eliminating check distribution and delivery expenses, minimizing exposure to check fraud, and reducing time spent on check replacements, termination payments and more.
- Zero-fee, no cost solution (with only minimal fees for out-of-network)
- Free mobile app and online account management
- Live customer service support, text alerts, and printed and/or digital statements.
- No hidden fees from domestic and international transactions, cash back, ATM and teller withdrawals, and more.
- Always-free card personalization, replacement, and companion cards.
- Free cash-back rewards and special discount offers, including access to interest bearing savings accounts and card linking services.
“With this free, modern electronic payroll distribution solution, our HR Service Providers will be able to provide their clients immense value that bulldozes all antiquated payroll methods,” said Tim Pratte, President, HRO Business Unit at PrismHR. “rapid! enables HR service providers to accelerate their growth by providing comprehensive electronic payroll that are free for them, as well as their small business clients and worksite employees.”
“Winning the Employee Experience is the ultimate goal for both PrismHR and rapid!,” said Brian Slowik, SVP Wage and Corporate Disbursements for Green Dot and a rapid! PayCard founder.
“Life doesn’t always wait for payday! Innovative suppliers in the payroll market, like PrismHR, listen to their customers and develop new tools and capabilities that meet their clients’ unserved needs. The rapid! team embraces the innovation journey with PrismHR, the process of conversion to electronic pay and the development of deep relationships along the way. We are committed to creating new opportunities with our clients by creating innovative new products, like rapid! PayCard and rapid! OnDemand.”
rapid! PayCard was established in 2003 and has been focused on employer payroll card programs since inception. rapid!’s mission is to help our clients achieve a legally compliant 100% electronic payroll that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery.
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit our homepage.
Chris Pisarkiewicz | Senior Director, Product Marketing
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Whit Chapman | Senior Public Relations Manager
Green Dot Corporation | Chicago
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