Industry Must Set Record Straight on Payroll Card
July 30, 2013
BY CATHY S. BEYDA
In 1924, Time magazine published an article exploring whether it would make sense for employers to pay their employees by check rather than in cash. The magazine reported that employees viewed the idea with disfavor, fearing check fraud, loss of confidentiality and inconvenience (specifically, that they would be forced to waste time cashing their checks during banking hours). Despite the initial objections, paper paychecks soon became the standard method of wage payment.