Bank of America Merchant Services And Money System Announce New Payroll Solution
Previously this thirty days, Bank of America Merchant solutions (BAMS) therefore the money r that is network( announced the launch for the cash Network(R) Payroll Distribution Service sponsored by Bank of America. Based on the pr release on MarketWatch:
“this system allows companies to adhere to complex payroll circulation guidelines, including the want to provide a paper paycheck and free check cashing areas, while supplying a safe and convenient pay alternative for workers that do not need a deposit or account that is checking. The payroll process is efficiently streamlined through installment loans online more than 17,750 Bank of America ATMs and 43,000 Allpoint(R) Network surcharge-free ATMs with the Bank of America-issued Money Network(R) Service. “
This will be huge news. The advantages for companies are wide ranging. We’d written formerly in regards to a variation for this payroll solution at Walmart.