Tuesday, September 16, 2008

Prepaid Payroll Launched in South Africa

As we have announced in the past, several organizations, including the U.S. Department of Employment Services, have announced plans to pay employees using prepaid cards. This new concept is going global, and is now being launched in South Africa. As reported in this article, FNDS3000 will be issuing a Diamond Cash Card, in their first payroll card program for the region. In a statement issued from Michael J. Dodak, CEO and Chairman of FNDS3000:

"The issuing of our Diamond Cash Card is a significant milestone in our corporate history. Our major strategic objective was to install our prepaid card-issuing platform in Johannesburg, South Africa to serve as a launching pad for tapping into the expanding unbanked markets.”

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