The payroll processor Paychex Inc. has teamed up with First Chicago NBD Corp. to offer a card-based alternative to paper paychecks.

Wages can be deposited in a Paychex Access Card account and withdrawn with a MasterCard-branded debit card at automated teller machines or point- of-sale terminals.

Gene Polisseni, Paychex vice president of marketing, said, "The Paychex Access Card provides small-business owners with another option to deliver payroll funds to their employees."

Mr. Polisseni called the product "another step in the evolution of the paperless payroll," speeding employers' check reconciliation process and eliminating the hazard of lost or stolen checks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.