PAYROLL PROCESSOR

WHAT IS PAYROLL PROCESSOR ?

Payroll processing refers to the task of managing the payment of wages by a company to its employees. The steps involved in payroll processing typically include gathering employee time information for a selected time period, managing benefits & deductions, and distributing employee pay for that time period. Most companies use either a payroll software system for payroll, or else a third-party payroll processing service.

While the summary of payroll processing sounds quite simple, there are many behind-the-scenes steps that need to take place, before the actual processing work begins. Here’s an overview of the steps to set up a brand new system for payroll processing.

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PAYROLL PROCESSING

Payroll companies have learned that having a partner who understands the industry is essential in creating a successful company. As a payroll processor there is no room for error. Check Commerce has perfected their payroll processing platform to provide the most complete service in the industry. Not only is our API complete and robust Check Commerce has the ability to customize solutions for a payroll processor if needed.

Payroll processors are all unique and each one requires the skill and understanding from their processing partner to ensure smooth operation and assist the processor in properly mitigating the risk associated with creating large credit files. Regardless of the size of the payroll company Check Commerce has a solution that will work well.

Check Commerce has forged secure and formidable banking relationships. This allows them to create solutions for payroll processors others cannot. Many payroll processors have moved their accounts from direct ODFI relationships to Check Commerce because of our software and understanding of the industry. It isn’t that complicated to push debits and credits but as any payroll processor knows the complexities of the reporting and processing can be overwhelming to them and their ODFI (originating depository financial institution). By choosing Check Commerce a payroll company can eliminate the worries and headaches of managing these issues and still have pricing that is competitive to an ODFI.

KEY FEATURES

  • Payroll is becoming more and more difficult for ODFI’s to underwrite and process for. Our redundancy and expertise will put you in a safe environment and spare you headaches   in the future.
  • 24 hour emergency customer service is available. We know a payroll processor has unique responsibilities and cannot afford to miss a deadline or a file. We are committed to making sure you and your clients don’t miss a beat.
  • API and custom programs available to handle the sophistication of a payroll provider.
  • ISO’s can generate significant revenue by offering payroll processing solutions. The industry is established and wide open for aggressive sales reps to make significant inroads by providing a superior platform.
  • OM Resources has the experience to understand and handle the risk associated with processing payroll files. This knowledge is shared with our partners.
  • Late cut off times allow payroll processors to be more competitive in the market place. By offering later cut-off times the ultimate end result is a better customer experience and higher revenue for all parties.