NTS, Inc., a business unit of First Data Corp. that serves the trucking industry, has developed a new payroll debit card that banks can use to attract commercial customers and increase fee income. Called TransPay, the technology allows
company payrolls to be transferred to employee cardholders who then can access their money at nearby ATMs. Access to ATMs is currently made possible through a relationship with CoreStates National Bank, of Philadelphia, which has its name stamped on the front of the cards. Six major banks have shown interest in adding TransPay service to their commercial business platforms, says NTS business development director Mike Brunner, though he would not name the institutions.