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Friday, February 13, 2009
Employees using paycards to control spending
Employers who offer paycards are finding that even employees who have traditional accounts are taking them up on the paycard offer. Low cost paycards are increasingly used to split direct deposits into two "spending buckets," using each for a different purpose, such as one for paying down loans and credit card bills and one for day to day expenses, or even a holiday savings account.
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