Public Sector Card
Card-based payments reduce administration costs, increase safety and efficiency and enhance the transparency of the payment process
Government agencies have been seeking ways to move from traditional payment methods for disbursing government benefits and allowances, such as cash, cheques and vouchers, which are costly and often burdened with administration.
Using a prepaid card-based system for all areas and levels of Government payment programmes, from employee payroll to public benefit and allowance distribution, is straightforward and offers clear administrative benefits, such as better data management and reporting for transaction tracking, reconciliation and the monitoring of overall spending against budgets.
The simplicity and convenience of pre-paid cards mean the disbursement of Government-to-Consumer (G2C) payments can be made without queuing, cheque or cash handling. The administration of these payments is safer and more convenient for recipients who may lack a stable bank account.
- Child support payments
- Pension and unemployment benefits
- Social assistance
- Job Seeker's allowance
- Housing
- Emergency grants
- Tax Credits
Next to regular payroll fulfillment, a high proportion of central and local Government payments relate to employee travel, one-off payments and general purchasing. As the cards only hold loaded sums, not credit, spending limits can be enforced simply. In OECD countries, these payments can account for over 75% of total government operational expenses. Electronic payment ensures the best management of these funds.
Payroll Solutions
- Wages
- Expenses
- Benefits
- Pension schemes
Operational Expenses
- Travel allowances
- Employee relocation expenses
- Goods and services payments
- Petty cash management
- Payments to contractors or other temporary workers