In March of 2010, Indiana University began using a new payroll paycard vendor.Using a new vendor enabled us to automatically issue paycards to employees who have not signed up for direct deposit. This change will affected both current employees who had not enrolled in direct deposit and new hires going forward. All faculty and staff who had not enrolled in direct deposit no longer receive a paper paycheck mailed to their homes. Instead, they have the choice of enrolling in direct deposit or receiving a Visa paycard.

For new employees, the paycard will be issued prior to the second payroll payment. The first payroll payment will be a paper check that the employee picks up in their campus payroll office. When the employee picks up their paycheck, they will be asked to sign up for direct deposit. If they are unable to sign up at the time of picking up their paycheck, they will be issued a Visa paycard and future payrolls will be loaded on the the paycard. The paycard can be used at any ATM to withdraw cash or at any vendor who accepts PIN based transactions. Employees can also withdraw all their funds at any US bank that accepts Visa. Those employees who do have bank accounts can transfer funds from the debit card directly to their bank account online. You can learn more about the paycard at http://www.rapid-paycard.com/cardholders.asp .