Ceridian, one of the largest providers of human resource services in the UK, has appointed White Eagle (Europe) Plc to provide a new payroll programme – the Ceridian Evolution payroll Prepaid MasterCard®, issued by Newcastle Building Society.
Designed to give Ceridian’s UK clients the flexibility to pay their employees who do not have access to bank accounts, the Ceridian Evolution payroll card can eliminate the need to issue cheques or cash.
Through providing financial freedom to employees, the Ceridian Evolution payroll card also helps to improve staff retention. Bonuses or cash rewards can easily be loaded on to the card in addition to wages and the system can be set up in less than 24 hours, using existing employee data.
Doug Sawers, managing director of Ceridian in the UK, said: “At Ceridian we are always looking for new ways to support our customers and strive to offer the most innovative payroll solutions in the industry. Working with White Eagle to deliver the Ceridian Evolution payroll card is a natural extension of the comprehensive HR and payroll services we already offer in the UK.
White Eagle’s industry expertise and complementary prepaid card technology made them ideal partners for the Ceridian Evolution payroll card. I look forward to offering our customers increased flexibility and an enhanced employee experience with this service.”
“Working with a leading UK HR and payroll organisation to deliver a market leading payroll card is extremely exciting” says Warren Hardy, founder and CEO of White Eagle (Europe) Plc. “The Ceridian Evolution payroll card is not only a great benefit to their clients but also to their employees. Philippe Hardy, UK Sales Director, continued “The use of prepaid cards in this sector is predicted to rise to 5% of the market by 2010.”
Savings on payroll processing costs and administration time are considerable with the new programme. The Ceridian Evolution payroll card is estimated to save up to 75% in administration fees when compared to cheque processing and, as cheques don’t have to be managed, posted or delivered, administration is also reduced. In addition, there is an increase in productivity as employees don’t have to stop work to receive or cash cheques. Everything is done electronically with wages being loaded onto individual cards, which also provides an element of added security.