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First United Bank of Durant, Okla., said it plans to offer a Visa-branded payroll card to commercial customers that employ unbanked and immigrant workers.
Employers directly deposit funds into the card accounts using the automated clearing house system, the bank said last week. Cardholders also can make purchases anywhere Visa is accepted and withdraw cash from automated teller machines.
First United is offering the card as part of an agreement it negotiated with Interactive Transaction Services, a card processing subsidiary of Central National Bank of Enid, Okla.
Under the agreement, Central National will issue the card, and Interactive will process the transactions and manage the card program.
