Abstract: A system and method for providing a monetary equivalent from a payor to at least one payee. The monetary equivalent delivered in accordance with the present invention is a stored value card from an account funded, directly or indirectly, from an account of the payor. In some instances, a third party processor is involved to facilitate the transfer of funds to the stored value accounts of the payees. In one embodiment, the payor is an employer and the payees are employees of the payroll, with the invention serving as a vehicle for payroll distribution. A third party processor that may be involved in this embodiment comprises a payroll processor. In another embodiment of the present invention, the employer makes instant payment to certain identified employees. In yet another embodiment, the employer transfers value to one or more payees of the designated employees. The present invention serves all without regard to whether the payee already has any accounts in any financial institution.