Employers who offer paycards as part of their electronic wage payment program enjoy a number of benefits. Importantly, electronic wage payment allows employers to deliver wages in a timely manner even when employees are away from the workplace and during severe weather conditions and natural disasters. Electronic wage payment also allows employers to streamline their payroll operations, and spend less time processing, printing, and distributing payroll. In addition, escheatment responsibility is transferred from the employer to the financial institution holding the account. These streamlined processes can result in significant cost savings as well. Indeed, many employers report considerable savings from the reduction or elimination of lost or stolen checks, and the decrease in postage and overnight delivery charges alone.