Targeting hotels, temporary staffing services, and convenience stores, a Dallas community bank says it has the solution for reducing employers' payroll costs: a payroll card.

Texas Capital Bank, a 1999 start-up, is testing a card that employers could use to pay employees in lieu of paper paychecks. The $297 million-asset bank says it hopes service-industry businesses find the card an attractive way to cut their payroll costs and give them a reason to move their accounts to Texas Capital.

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.