For many organizations, moving to paperless payroll requires both electronic pay stubs and payroll cards. The combination of payroll cards and electronic pay stubs in a paperless payroll environment enables employers to eliminate paper checks as well as paper pay stubs for employees, including those who do not use direct deposit. Together, electronic pay stubs and payroll cards drive direct deposit levels higher, which also saves employers money.
Introduced in 1985, the Comdata payroll card enables employees with or without banking relationships to receive payroll and other company-provided funds on their own secure, personal payroll card they can use just like an ATM card for cash at Cirrus(R) ATMs. Cardholders can also make debit purchases wherever the MasterCard Maestro(R) network is offered. With the Comdata payroll product, funds are loaded to employee cards immediately on an employer-determined schedule, with adjustments and funds distribution occurring in real time. Payroll managers have access to payroll and payment distribution reports on a secure Web site, and can activate and deactivate cards at any time for a secure alternative to paper checks.
"Our clients have been asking for an electronic pay stub that could be implemented quickly," said Jeff Hutchinson, director of business development at Comdata. "ePayroll Services from TALX enables us to provide a complete paperless solution to the traditional paper-based payroll system."
"TALX ePayroll services enable employers to eliminate the paper pay stubs by providing electronic pay statements, as well as direct deposit maintenance and W-4 updates. These services simplify the distribution of payroll information to employees across the United States," said Jim Canfield, director of TALX ePayroll Services. "Plus, employers realize significant cost savings by eliminating paper from the payroll process."
TALX also offers other paperless services such as electronic time reports and approvals so organizations can go entirely paperless from time capture to delivery of pay.
A leading provider of transaction and information services, Comdata provides credit and debit processing and reporting for commercial fleets and merchants; electronic cash, gift and chip card programs for retailers and governmental agencies through its Stored Value Systems, Inc. subsidiary (SVS); ComchekeCash(R) payroll services for food, retail and other service industries; and point-of-sale equipment for travel plazas and convenience stores. Headquartered in Brentwood, Tenn., Comdata employs more than 1,600 people throughout the United States and Canada. Comdata is a wholly-owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE: CEN).
About TALX ePayroll Services
ePayroll Services include PayStub Review, PayCard Integration, Direct Deposit Maintenance and W-4 Update. These services provide employees with self-service access to their pay information via the Internet or telephone, 24 hours a day, 7 days a week. For clients that use multiple services of The Work Number, a single sign-on server is available to provide additional efficiencies.
About TALX Corporation
TALX Corporation is a leading business process outsourcer of payroll-related and human resource services. TALX holds a leadership position in two key employment-related services - automated employment and income verification services via The Work Number(R) services and unemployment cost management services via UC eXpress(SM). TALX also provides paperless payroll services, W-2 services, automated time entry and approval services and candidate screening services. Based in St. Louis, Missouri, TALX empowers users to complete transactions independently utilizing available multimedia including Web, interactive voice response, speech recognition, fax and e-mail. The company's common stock trades on the NASDAQ Stock Market under the symbol TALX. For more information about TALX Corporation, call 314-214-7000 or access the company's Web site at www.talx.com
Statements in this press release expressing the expectations of management may be forward-looking and involve uncertainties. TALX risk factors are detailed in documents filed with the Securities and Exchange Commission.