TELEDRAFT introduces solution for Payroll Processors

Tempe, Arizona; January 2009

TELEDRAFT now offers and integrated solution for Payroll Processors to facilitate direct deposit of payroll funds via ACH Credits. The system is designed to work seamlessly with the payroll software and allow deposit files processed by 6:00 PM Eastern Standard Time to be credited overnight to the receiving employee. The system reads the payroll file, tabulates the file total and generates a simultaneous electronic Debit to the Employer of Payroll Service Provider’s funding account. The funding account can be at any bank in the US.

Related Articles