Direct deposit This option provides a convenient and secure way to pay your employees. Every pay period, your employees' payroll is automatically deposited into their bank account at the bank of their choice. Employees are assured their money is in their account every pay period, regardless of bank or business holidays or vacation schedules. Less time is wasted at the bank by both employers and employees. And lost checks are non-existent.
Employers receive voided payroll statements for their employees as well as management reports.
Check signing Rather than having to sign every pay check individually, the check signing feature allows a computer-generated signature to be printed on each check. Some payroll providers invite their clients to join them on the information highway with their payroll data. For example, Paychex, Inc. offers a couple programs that utilize IBM-compatible personal computers. Paylink allows the user to input employee information and payroll data and then transmit it back to Paychex via modem. An additional service extends this program to create customized reports using the same information.