Vault card
Catalog row in Vendor License Metrics · Cited
- Unit
- Cardholder
- Aliases
- Vault Visa Payroll Card
- Definition
- Vault page: "Vault is a Visa Payroll Card exclusively offered to employees of businesses using Paycom". Issued by The Bancorp Bank, N.A. under a licence from Visa U.S.A. Inc.; the cardholder, not the employer, is the account holder.
- Counting rules
- Available to U.S. citizens or legal residents aged 18 or over who work for a participating employer, are enrolled in Employee Self-Service and have a valid Social Security number.
- Floors / minimums
- Employers must offer split direct deposit for only part of wages to go to Vault.
- Applies to products
- Vault Visa Payroll Card
- Product category