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CORPORATE AND INSTITUTIONAL GLOSSARY


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D
Current TermDirect Deposit Of Payroll
Direct Deposit Of Payroll
Enables companies to deposit employee salary, bonus, or expense reimbursement into employee's accounts using the ACH. Companies who might be interested in direct deposit typically have:
  • Fifty or more employees
  • A consistent payee base
  • Geographically-scattered payees
  • Regularly scheduled recurring payments
  • Large sales force or retiree population