The annual "Getting Paid In America" survey asked respondents "How do you receive your pay?" Over 93.7 percent of respondents indicated they were paid via direct deposit. Only 4.6 percent indicated they receive their wages via paper paychecks while ...
Sooner or later, direct deposit recalls and NSFs (non-sufficient funds) trip up just about every payroll provider. And while a NSF on taxes or fees is usually small, a direct deposit NSF can cause big headaches for your firm.
For small and mid-sized employers who have workers who are "unbanked" or just prefer to receive their paycheck in a non-check format, payroll, human resources and benefits company Paychex has launched its new Skylight PayOptions Program.
Jake Branson earns $7.25 an hour making sandwiches at a Subway in Leander, Texas, a suburb of Austin. Those wages used to come in the form of a paper check. Starting last month, though, he began receiving his pay on a prepaid Visa card. Most of it, that is.