Glossary
Money Network®
Money Network® is a suite of electronic payroll services provided by First Data, which is designed to offer employers and employees flexible, secure, and convenient ways to receive and manage wages. These services include the Money Network Card, Money Network Checks, and other related financial tools. Here’s a breakdown of the primary components:
The Money Network® services are designed to streamline the payroll process for employers while providing a robust financial management tool for employees. By reducing the need for paper checks, these services not only cut down on processing and distribution costs but also enhance security and reduce the environmental impact associated with paper-based systems. For employees, the instant access to funds and the ability to manage money digitally represent significant benefits, particularly for those without easy access to traditional banking services.