Our mission is to help our clients achieve a legally compliant 100% ePayroll program that benefits our clients financially, provides a benefit for client’s cardholders, and creates a more sustainable environmental model for payroll delivery.
A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. Recently the physical paycheck has been increasingly replaced by electronic direct deposit to bank accounts or paycards.
Using a physical check for paying wages and salaries has become less prominent over the past decade than electronic payments using direct deposit. The term “Paycheck” is still used to refer to a payslip or stub. Many companies are eliminating both the paper check and stub replacing them with electronic payment and an electronic image of the stub available on an Internet website or other methods.
Moving virtually ALL employee payments and pay stubs to electronic form instead of paper statements and checks achieves ePayroll.
To achieve a complete transition to ePayroll you must:
- Expand Direct Deposit to near 100%.
- Expand Electronic Wage Statement Participation
- Eliminate the use of checks for:
- Lost or Stolen Check Replacements
- Off- Cycle Payments
- Termination Payments
Although the technology exists to provide a seamless and compliant solution, your biggest challenge will be the effective communication and support of your ePayroll program.