Ecount News & Press Releases
100% Direct Deposit with 100% Compliance
Introducing the Ecount 100% Payroll Solution
Conshohocken, PA, August 30, 2005 - For years, HR and Payroll departments have struggled to achieve 100% direct deposit, but have been derailed by low participation and incomplete solutions. Now, for the first time ever, companies are able to institute 100% electronic pay for all employees.
Introducing the Ecount 100% Payroll Solution. The solution provides 100% direct deposit, greater employee satisfaction,100% paperless payroll and 100% compliance. The provider of the 100% Payroll Solution is Ecount (www.ecount.com), the stored value experts, who provide seamless payment delivery for more than 850 corporations.
The Ecount 100% Payroll Solution provides electronic pay destinations for all employees who do not have bank accounts or would like an additional account. This enables companies to electronically deposit funds to 100% of their employee base, while providing the requisite access to funds for employees through the Ecount Paycard and Ecount Pre-Check™ products.
The 100% Solution provides electronic pay stub delivery to the entire employee base, eliminating any need for paper delivery. The program provides increased employee satisfaction, eliminating the frustration, hassle and inconvenience of traditional checks.
The Ecount 100% Payroll Solution works with every payroll system and technology and does not need to be integrated with the company's current platform.
"Companies are always looking to increase their bottom line," began Matt Gillin, CEO of Ecount. "With the 100% Payroll Solution organizations are saving up to 75% of their payroll costs, freeing up significant resources and providing a great employee benefit. Our current clients have seen a positive return on their investment within 2 weeks, experiencing positive cash flow with the cost savings from mailing and printing costs alone, not to mention the dozens of payroll employees and managers who have freed up countless hours each week."
More than 90% of non-banked employees prefer to get paid with the Ecount Paycard versus traditional check. This overwhelming preference is due to the convenience factor of the Visa¨ debit card. Pay is delivered each payday morning and recipients avoid check cashing fees, and the need to pick up checks on location. Additionally, participants benefit from Visa's Zero Liability and universal spending ability. For the remaining 10% of employees that prefer paper paychecks, Ecount provides and administers the Pre-Check program.
"In addition to providing a critical financial and operational benefit to companies, the 100% Payroll Solution is a great employee benefit," continued Gillin. "In fact, nearly 60% of our Paycard users are banked employees using the program for budgeting or discretionary funds. HR departments are finding better retention and loyalty, and appreciate being seen as an innovative employer."
The Ecount Paycard can be used everywhere Visa debit cards are accepted and at more than 800,000 Plus¨ ATMs. The Ecount Pre-Check can be cashed at the employee's regular check cashing destination.
To speak with Ecount's Payroll Specialists or learn about our programs, please contact 877-ECOUNT-1 or email sales@ecount.com.
About Ecount
Ecount provides customized prepaid programs for corporations, agencies and individuals looking for a simple and convenient way to deliver or receive electronic payments. With products ranging from incentives to compensation to specialized rewards, Ecount offers comprehensive programs to corporations looking to influence and motivate consumers, employees and customers. Ecount's proprietary technology enables complete communication and brand extension coupled with a secure payment vehicle. More than 850 leading corporations, including more than one third of the Fortune 100, rely on Ecount's prepaid solutions to gain a strategic advantage in their market. For more information, please visit www.ecount.com.
Note to the Media:
Extensive resources are available for this article, including clients, cardholders, executive interviews, card images and more. For information and interviews, please contact Theresa Wabler of Ecount at 610.941.4600x169 or twabler@ecount.com.