KyckGlobal Launches New Payment Type: rapid! PayCard

KyckGlobal, a cloud-based outbound payments platform founded by FinTech entrepreneur Ashish Bahl, announced the launch of its newest payment solution known as rapid! PayCard. Powered by Green Dot Corporation, rapid! PayCard is writing the next chapter in disbursements with its foundation focused on service excellence. Read more to discover the benefits of using the rapid! PayCard and why it might be the right choice for you.  

KyckGlobal’s software-as-a-service (SaaS) platform enables companies of all sizes to pay employees, contractors, and customers through a variety of different payment types – all from a single point of reconciliation. 

The KyckGlobal platform empowers companies to make one-off payments to individuals, such as insurance claims, sales commissions, loan proceeds, game and lottery winnings, rent payments, customer reimbursements, passenger appeasements, and other types of vertical-specific disbursements.

What Are Pay Cards

Pay cards, which are reloadable prepaid cards onto which employers may electronically load employees’ wage payments, are now among the payment methods available from the KyckGlobal platform. rapid! PayCards may be customized to promote the payer’s brand and are an attractive solution for employers with unbanked or underbanked workers.

“The KyckGlobal platform currently offers cash disbursements for unbanked workers, but paycards are a more convenient solution for salaried employees,” said Ashish Bahl, founder, and CEO of KyckGlobal. “We wanted the most trusted name in payment cards, which is why we chose rapid! PayCard.”

Benefits of the rapid! PayCard

rapid! PayCard delivers one of the most comprehensive paycard programs that eliminate paper checks entirely, reduces costs, and improves overall efficiency. Additionally, rapid! PayCard offers helpful customer service for both partners and cardholders at all times, as well as compliance assistance through its exclusive tools, including the compliance map.

With rapid! PayCards, the pay can be delivered on-demand, as it’s earned, and employers get access to earned wages when they need them. There are zero employer fees for the rapid! PayCard program, which includes no fees for card inventory, no training fees, and no paycard implementation fees.

What’s Unique About The rapid! PayCard

The rapid! PayCard program offers employers fraud protection built on intelligent “neural network” security that learns a cardholder’s behavior rather than rudimentary state geographic transaction systems. Employers also have the benefit of automated card inventory for multiple location inventory control and sophisticated security without any need for expensive security tokens. 

There are also a variety of benefits offered to employees using rapid! PayCard such as a mobile application for iPhone and Android devices, cardholder service at no cost, Cardholder Cash Back rewards, and an interest-bearing savings account.

KyckGlobal & rapid! PayCard

By allowing payers to issue one-time and recurring payments from one integrated platform, KyckGlobal is helping to transform how business gets done in the key verticals of specialty consumer finance, marketplaces and staffing, claims and appeasements, and multi-level marketing, among others. KyckGlobal, founded by CEO Ashish Bahl, is known for offering the broadest available array of payment types from a single point of reconciliation. 

The newest addition to KyckGlobal’s array of payment methods is the rapid! PayCard, which utilizes a fully customizable interface to offer an attractive solution for employers and employees alike. If you are looking for a unique payment platform that encourages trust with its users while offering a plethora of benefits, then rapid! PayCard is right for you!

 

Published On: April 19th, 2021 / Categories: Payment Industry / Tags: /