A disbursement arrangement where we facilitate the debiting of the corporate client’s deposit account and credits the employees’ salaries &/or wages for a given period.
AUTOMATED SALARY CREDITING
Choose from any of the following service arrangements:
- PBCOM’s Payroll Data Entry Program will be provided and installed in the company to enable it to generate the payroll file that is readily compatible with PBCOM’s system.
- The Client/Company may choose to use its own payroll system to generate the payroll file. PBCOM converts client’s file to its prescribed format for uploading.
- The encrypted file which contains the details of the employees’ account numbers and salaries is sent to PBCOM for same day credit upload.
- Convenience. Client is relieved from issuing checks &/or manually disbursing cash to its employees. Employees can do basic banking transactions.
- Safety. Program installed at client’s end promotes confidentiality, security and accuracy. Client need not withdraw from its account and transport cash from the bank to its office.
- Esteem. Your employees can experience the latest in banking technology. They can redeem cash through any BancNet, Megalink or Expressnet ATMs strategically located nationwide, pay bills through ATM & Internet (BancNet Online) and purchase goods using any local POS Terminals.
- Free Up Your Time – Outsourcing payroll can free up staff time to pursue more important value-adding and revenue-generating tasks.
- Reduced Costs
- Auto-Credit to Employees Account
- No need for technology updates – No worries on the most recent tax tables with constantly changing regulations, withholding rates and government forms which result in stiff penalties.