Loyal Bank has developed a flexible international payroll program that allows you to pay salaries or commissions to your employees, distributors or members worldwide through a simple payment solution that requires no changes to your existing payroll system.
With this highly specialized, but easy to use tool the employer can reduce administrative and transfer costs, eliminate paperwork and improve the security and speed of their employee payment programmes.
The CPS is an international payroll system that enables employers pay employees, distributors or members their salaries or commissions in US Dollars in a secure, fast and cost-effective way by providing them with an account with a debit card, which can be credited by the employer. The employees can then withdraw funds at their leisure from any ATM. The CPS can be used for distribution of payrolls, bonuses, incentives, commissions, relocation allowances, distribution or supply chain payments, project funds, etc.
EMPLOYER BENEFITS
Reduced operational costs by moving traditional payment methods to payment cards CPS payments are highly cost-efficient especially when your employee or member base is international. With Loyal Bank Maestro/Cirrus debit cards there are no time or geographical limits and transfer costs are minimal compared to checks or bank wires as payment methods.
Reduced paperwork
Transfers are initiated through password protected software provided by us, so there is no need to administer paper data and transfer tracking is easy and customer friendly.
No time lapse in payments
CPS payments from your company to your members are uploaded and credited at the end of each business day and money can be accessed within one banking day. There is no time delay as with international bank transfers or checks and the whole process is under your control.
Personalized
The CPS program can easily accommodate changes in the frequency of your company’s transfers and the amounts transferred can be varied at will.
Loyalty
By using CPS you will increase the loyalty of your employee or member base by removing payment delays and rewarding success immediately.
EMPLOYEE OR MEMBER BENEFITS
Quick access to their salaries or commissions (less than 24 hours)
Employees can access their salaries or commissions using their Loyal Bank Maestro/Cirrus debit cards worldwide from over a million ATMs with the Maestro/Cirrus logo.
Pay with the Loyal Bank card in shops
Employees can also pay for products and services in over 30 million shops and commercial outlets worldwide. Using a Loyal Bank card is more secure than cash and more secure than credit cards, as only the cardholder knows the PIN code of the card.
Internet access to their own account
Using PIN-protected access, your employees can view their account history on-line as well
as all their transactions. This will help them keep track of their incoming transfers.
Customer assistance
Our Customer Service centre supports your employees (no matter where they are in the world) 24 hours a day, 7 days a week and in 8 languages.