FSV Helps Your Company Weather Hurricane Season

June 6, 2010

The National Weather Service expects the 2010 hurricane season to be a whopper.  Officially, they predict that this season, which started Monday, will be an "active to extremely active" one, with up to 24 named storms and 8 to 14 hurricanes. They expect 3 to 7 of these to reach major hurricane status.  That's a lot of potential risk to people and property.  While you may feel prepared, when the next big one hits, will your employees get their pay when they need it most?

A disaster requires more than flashlights and an emergency phone tree. Even if you have a disaster plan in place, it may include an alarming oversight.  If employees are scattered by the threat or eventuality of disaster, how will you pay them?  For employees with direct deposit, you can probably still send their pay, and hopefully, they can access it.  On the other hand, employees who receive paper checks may be out of luck.

How will you get checks into employees' hands once they have evacuated to places unknown – especially if delivery services are unreliable or even completely unavailable?  And the checks that find their rightful owners still have to be cashed.  That's a difficult proposition for employees facing road closures or electricity outages or for those who have evacuated.  (Just try cashing an out-of-state check and see what happens!)

Once disaster strikes, solving the logistical issues becomes a nightmare. Fortunately, with a little planning and very little effort, you can eliminate the risks and consequences upfront. The simple solution: Distribute FSV's PaychekPLUS! Elite^® Visa^® prepaid cards to your employees before disaster strikes.  Once employees activate their cards, you have the power to put money directly into their pockets –no matter where they are or what they're facing.  They get immediate access to their funds at merchants accepting Visa debit cards and more than 37,000 ATMs across the nation.  And you get the peace of mind of knowing that, if the worst happens, you're prepared to deliver payroll when your employees need it most.


Deneka Scott
Senior Vice President