(BXS) BancorpSouth Launches Payroll Card

BancorpSouth, Inc.’s (BXS) Treasury Management unit recently introduced the BancorpSouth Payroll Card. This is an alternative to the conventional method of paying employees through checks. With the new payroll card, employers can make payments to their staff electronically. Management at BancorpSouth believes that the payroll card is beneficial to both the employers and employees. It simplifies the payroll process, lowering the processing and check fees for the payers. On the other hand, it provides instant access to funds without making the employees wait in queues or pay fees for cashing of checks. Through this card, the employers can also pay those staff members who have no checking accounts. These cards can also be used at ATMs and in stores as a debit card. Customers will also be able to transfer