SOLE Financial offers tools and individual empowerment for the underserved, unbanked workforce. iSolved is a comprehensive HCM, cloud-based platform for HR, payroll, time tracking, onboarding, and benefits enrollment for small-to-mid-sized employers.
The SOLE Paycard allows employers to pay their employees immediately. Funds are loaded via ACH onto the card, which employees can use as a debit card at any retailer that accepts Visa. Benefits to employers include the ability to go paperless in payroll processing, money saved on printing paper checks, and the elimination of time previously spent sorting, signing, printing, distributing and shipping paper checks. On average, employers save $3.15 per employee, per payday on every conversion from paper check to paycard.
The SOLE Paycard allows un- and underbanked cardholders instant and no-cost access to their hard-earned pay, while eliminating the expensive and time-consuming shackles of a paper payroll check for employees and employers alike. According to a recent study by a commissioned agent of Visa, 86 percent of payroll cardholders prefer being paid via paycard over a paper check. This option can also help employees track spending better than cash, encouraging better financial management.
"The purpose of the iSolved Marketplace is to provide our partners with resources and tools to simplify the lives of their customers," said Todd LaFever, President of Technology at Infinisource. "SOLE Payroll cards align well with this goal, so we are excited to offer this product through the iSolved Marketplace."
SOLE Payroll cards offer numerous benefits to both employers and employees. Certified Partners of the iSolved Network can take advantage of this new offering through the Marketplace and make sure that their customers are paying employees efficiently.
