Card Briefs: NationsBank Expands Payroll Debit Plan

NationsBank has begun offering CashPay, its payroll debit card, to commercial and corporate customers.

An employee who signs up for CashPay has wages deposited in an electronic account that can be drawn down through automated teller machines or point of sale terminals.

"The employer can pay employees electronically, and employees benefit by having 24-hour access to their money," said Jim Smart, NationsBank's senior vice president.

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