Wal-Mart Stores Inc. recently announced that it will no longer pay associates with paper paychecks. Instead, it will issue Money Network MasterCard Paycards for the approximately 700,000 associates not already enrolled in direct payroll deposit. As a result, the country's largest private employer will use nearly 260,000 fewer pounds of paper per year. And, all of its U.S. employees will receive their paychecks electronically.
So perhaps paper paychecks are on their way out.