JetPay announced on Tuesday the rollout of the Money Access Visa Prepaid Card for employees and employers who are clients of JetPay Payroll Services, the company’s payroll processing business.
“I wanted to make banking and purchasing services available equally to everyone in America,” JetPay founder and Chairman Bipin C. Shah said. “As long as the cardholder has access to any of the methods we offer to add funds to the card, they can realize the benefits of having MAC and have the convenience of using MAC anywhere Visa debit is accepted. This saves the cardholder unnecessary check-cashing expenses and provides anyone who wants it with a bill payment and shopping card that is safe and secure.”
The MAC card is a general purpose reloadable prepaid card that acts like a checkless checking account. It has two pricing options—MAC One and MAC Choice. MAC One is designed for the unbanked, while MAC Choice is geared towards consumers with existing bank accounts.
Cardholders can accept deposits onto the card from tax refunds, government payments, employers and cash through the GreenDot network.
“We are focused on developing and launching products that are designed for the takers and not the makers,” Ralph Bianco, the executive vice president and general manager of card services at JetPay, said. “MAC, as a brand, stands for social responsibility, a firm commitment to offering consumers a high value, high quality and low cost product and an equal commitment to customer service and support. Additional MAC programs are in development that will address the needs of consumers and businesses outside of our payroll processing channel and on a national scale… We are very excited to make this initial announcement and look forward to future announcements on the expansion of the MAC program to additional segments and distribution channels.”
Existing customers can find out more about the MAC program by calling 1-800-DO-MY-PAY or through the MAC website.