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Volt Information Sciences, Inc. Introduces the Volt MasterCard Payroll Debit Card; JPMorgan's Chase E-funds Takes the ``Check'' Out of Paycheck for Volt Employees.

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Volt Information Sciences, Inc. has introduced a new and convenient way for its 37,000 contingent employees to access and manage their pay, the Volt MasterCard(R) Payroll Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. . Working in collaboration with JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1.  Bank, the Volt Payroll Debit Card lets employees access their pay at nearly one million ATMs and use their card to make purchases at point-of-sale locations worldwide.

The Volt Payroll Debit Card is a simple and practical alternative for employees to access their payroll funds. For employees who sign up for the card, each payday Volt deposits the employee's salary into a special JPMorgan Chase Bank E-funds account. Using a Personal Identification Number (PIN) ensures that only the Volt employee has access to the funds in their E-funds account. Since all funds are stored in the Chase E-funds account and not on the card, Volt employees are protected if their card is lost or stolen.

"Volt understands that cashing a paycheck can be time-consuming, with long bank lines and unwanted, costly check-cashing fees," said Jerome Shaw, Executive Vice President of Volt Information Sciences, Inc. "The Volt Payroll Debit Card offers our employees a safe, dependable, and economical way to access their payroll funds wherever they may be -- on assignment, on vacation, or anywhere at all."

Volt employees can access a record of their transactions through the Chase E-funds web site or through the automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates
1. To convert to automatic operation: automate a factory.

 Chase E-funds Voice Response Unit.

About J.P. Morgan Chase & Co.

J.P. Morgan Chase & Co. is a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 firm with assets of $771 billion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
, investment management, private banking and private equity. A component of the Dow Jones Industrial Average Dow Jones Industrial Average

The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange.
, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers nationwide, and many of the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the Internet at

About Volt Information Sciences, Inc.

Volt Information Sciences, Inc. is a leading national provider of Staffing Services and Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications.  and Information Solutions for its Fortune 100 customer base. Operating through a network of over 300 Volt Services Group locations, the Staffing Services segment fulfills IT and other technical, commercial, and industrial placement requirements of its customers, on both a temporary and permanent basis. The Telecommunications and Information Solutions businesses provide complete telephone directory production and directory publishing; a full spectrum of telecommunications construction, installation and engineering services; and advanced information and operator services A variety of telephone services that require human intervention, including person-to-person calls, collect calls, credit card billing and directory and dialing assistance. Such services are performed by LECs, IXCs and alternative operator services (AOS), organizations that are used by  systems for telephone companies. For additional information, please visit the Volt Information Sciences, Inc., Web site at
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 29, 2004
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