As a part of the agreement, the 7,000 employees of U.S. Xpress will have access to virtual payment accounts through TransCard’s online funds disbursement platform Paynuver. The partnership will help U.S. Xpress remain compliant while offering its employees a choice on how they receive their wages.
Paynuver is a self-service portal that allows companies to manage a paperless payroll solution that lets employees choose how to receive payment. Options include ACH, check, or disbursement onto a prepaid card. TransCard rolled out the platform nationally in February, so the acquisition of 7,000 new customer accounts is a large growth spike for the company.
TransCard President Greg Bloh comments on the new alliance: “With this strategic [partnership], thousands of truck drivers and transportation workers will now be provided much-needed choice and convenience when receiving their payroll.” Bloh added that the deal would “further position the company for growth” as it “continue[s] to revolutionize the traditional payment model.”
TransCard will present its newest solution at FinovateSpring next month. Register today to be among the first to watch the live demo.