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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 -- 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. Working in collaboration with JPMorgan Chase 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 Chase E-funds Voice Response Unit.

About J.P. Morgan Chase & Co.

J.P. Morgan Chase & Co. is a leading global financial services 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, investment management, private banking and private equity. A component of the Dow Jones Industrial Average, 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 www.jpmorganchase.com.

About Volt Information Sciences, Inc.

Volt Information Sciences, Inc. is a leading national provider of Staffing Services and Telecommunications 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 systems for telephone companies. For additional information, please visit the Volt Information Sciences, Inc., Web site at http://www.volt.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 29, 2004
Words:454
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