Method and system for direct payroll processing
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United States of America Patent
Stats
-
Feb 12, 2002
Grant Date -
N/A
app pub date -
Jul 15, 1999
filing date -
Jul 21, 1998
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A computer-implemented method and system for automatically paying employees net pay immediately upon completion of a work segment provides time and attendance, human resource, payroll processing and banking computer systems interconnected via an on-line computer network to calculate net pay for each work segment completed the employee, in real-time and immediately upon entry of shift completion information. The system determines gross work segment pay based on the shift completion information and the employee's payment rate for the shift and then computes net work segment pay by applying deduction information to the gross work segment pay. The net work segment pay information is then sent to the banking computer system to allow the bank to provide the employee with immediate access to the net work segment pay; preferably via direct deposit banking.
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Cited Art Landscape
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