Consumer Payment Card News

Paycheck Anytime

FleetBoston has deployed six check-cashing machines to process payroll checks for non-customers in three pilot sites in Connecticut and Massachusetts. To conduct transactions, consumers are issued a “Paycheck Anytime” card with a PIN. The “Paycheck Anytime” machines from Diebold, cash “on-us” payroll checks, to the penny, written against the accounts of Fleet commercial customers. The service is free and Fleet is offering a $5 bonus reward automatically added to each of the first four payroll transactions conducted by participants. Over 250 major Fleet corporate customers and payroll service providers have been authorized to participate in the “Paycheck Anytime” program.

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