ELECTRONIC
BANKING SYSTEMS
EFT ACH PROCESSING
DIRECT
DEPOSIT
Direct
Deposit is the direct payment of an employee's wages by an employer
by Electronic Funds Transfer (EFT).
The
funds are transferred by the employer directly into the employee checking
or savings account.
The
funds are deposited into the employee account for use on payday!!!
ADVANTAGES
OF DIRECT DEPOSIT
-
The employer
saves time and money by not having to process the paycheck
-
The employee
receives their money directly into their checking or savings account.
-
No more
lost or stolen checks.
-
No more
hassle to go to the bank on payday to cash the check.
-
No special
arrangements have to be made when employee is away.
HOW
DOES IT WORK?
-
We provide
Windows 95 software that controls the whole process for you
-
Simple
enter all your employees into the software
-
Two days
before each payday enter the payment amount for each employee
-
Then just
push a button to transmit to our processing center
-
We receive
the files and forward them to the Automated Clearing House (ACH)
-
The employer
account is debited and the employee account is credited on payday.
-
You can
also directly import into our software from your mainframe your payroll
data - then just push the button to transmit.
Contact
EBS For More Information:
CALL
@ 732 888-3898
FAX @ 732 888-9084
Email:
EBS SALES