Multi-Unit Franchisee Magazine Issue I, 2013 | Page 15
Case Study: Restaurant Industry
Restaurant franchise saves
100s of worker hours,
achieves 100% e-pay
with WEX rapid! PayCard
rapid! PayCard Visa Payroll Card
®
®
Overview
NEARLY FAMOUS, INC.
With the majority of its employees unbanked, Nearly Famous needed a payment method as
reliable as paper checks but more efficient to distribute. The solution needed to reduce
payday hassle without increasing costs.
“WEX rapid! PayCard
Nearly Famous, Inc. is a Burger King® restaurant franchise located in the southeast U.S.
They have been in business for nearly 20 years. The franchise mainly employs young
employees who are part-time workers in their 20s.
has been a win-win for
us and our employees.
Employees get
convenient, reliable
access to their pay,
while we eliminate
payday headaches and
hassles. It’s an ideal
solution for the realities
of the quick-service
restaurant franchise.”
Cindy Vaughn
Co-Owner
Nearly Famous, Inc.
The Problem
Most of Nearly Famous’ employees do not have bank accounts – a not-uncommon
occurrence in the quick-service restaurant industry, where as much as 75-90% of employees
remain unbanked. Many of their employees were not interested in ever getting a traditional
bank account. Some employees who had bank accounts were even eliminating their
accounts due to high fees. Paper checks were the only payment method that worked for
everyone.
But paper checks were inconvenient and time-consuming to distribute. Each pay period, a
Nearly Famous manager had to reallocate several hours from his or her usual duties and
instead drive to each of the franchise’s locations to manually distribute payroll checks. Not
only did this hamper productivity company-wide, but it also distracted employees from
providing a positive experience to customers. Employees would arrive at the restaurant
locations to collect their pay, distracting the location manager and creating bottlenecks in
the service area.
The Goal
Co-owners Brian and Cindy Vaughn needed an e-pay solution that was reliable, inexpensive,
and above all easy-to-use. The solution needed to reduce payday inefficiencies while
ensuring non-banked employees would be paid without interruption. They also realized that
many of their employees would never have a traditional banking relationship, meaning direct
deposit would not be an option.
MC-033 APD-AHI (12/11)
www.rapidpaycard.com
888.828.2270
[email protected]