Welcome To The Company Store, 2013
 

this is indeed scary

http://www.nytimes.com/2013/07/01/bu...anted=all&_r=0

I think we should be worried.

Here is the Company Store's payroll manager

https://www.netspend.com/


this stuff really pisses me off...workers getting paid with debit cards with fees?

Netspend and American Traffic Solutions...talk about a messed up America.

I like the idea of an OP and only the OP can respond to the OP...sort of like Political Chat megalomania

What is the fee to the company for direct deposit? I don't know if the banks charges for this service on their side ( I'm sure if they can they will).

Amerika in the 21st century.

"The land of the fee, and the home of the slave."

I'm sure our elected officials will soon raise their collective voices against this outrage. I can hear them now, they sound like "crickets".

Chas

I think that the big banks somehow think that they are entitled to a cut of every single financial transaction made in this country. By virtue of the banks bankrolling politicians, I wouldn't look for them to change it. The GOP was outspoken in its opposition to the creation of the Consumer Financial Protection Bureau, the newly formed organization formed to deal with such abuses.

Here is an answer from the linked article: "a calculator on Visa’s Web site estimates that a company with 500 workers could save $21,000 a year by switching from checks to payroll cards."

So in effect Visa is getting free use of the payroll money till it's spent and on top of that gets additional fees to disburse it. What a great racket and another example of how it pays to be the middle man.

We love our middle men and will cling to them till the end....:rolleyes:

Of course, who doesn't love PayPal on BT? :D

Wow. That's great. Yet another way to help the rich get richer at my expense. And if my employer should decide on my behalf, without consulting me, that this is the way I want to go I can always go work somewhere else. Except that I'm sure by the time I'm done typing, nearly every employer will have made this decision for us as well.

Amerika, "...land of the fee and the home of the slave."---Chas

Dave