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With PayVault™ you can pay anyone, anywhere, anytime.
PayVault™ not only saves your company time and money by decreasing the payment administration load and reducing costly bank charges, your employees will thank you too. With their personal PayVault™ MasterCard, funds can be accessed at over 900,000 ATMs around the world. Cardholders also enjoy the convenience of one-card shopping in any currency or country, and can keep track of their spending by SMS and with online statements.
Your company sets up a managed account with PayVault™, deposits a single lump sum payment into a collection account, and furnishes PayVault™ with a complete payment schedule detailing the employee’s name, payroll number and net pay via the online account control facility. The funds are then credited to your dedicated corporate PayVault™ account located in a secure Triple-A rated offshore location whereupon they are disbursed to the individual cardholders.
Because the account arrangement is made between your company and PayVault™, there is no need for individual cardholders to qualify for a bank account, giving your company the flexibility to pay anyone, anywhere, anytime.
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