Comdata to Offer Paperless Pay Stubs Through TALX ePayroll Services.
Business Editors/High-Tech Writers
ST. LOUIS & BRENTWOOD, Tenn.--(BUSINESS WIRE)--April 27, 2004
TALX Corporation (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TALX), a leading business process outsourcer of payroll-data centric services, and Comdata(R) Network, a wholly-owned subsidiary of Ceridian Corporation (NYSE NYSE
See: New York Stock Exchange : CEN CEN - Conseil Européen pour la Normalisation.
A body coordinating standardisation activities in the EEC and EFTA countries. ), today announced that Comdata can now bring electronic pay stubs stubs
The shares of equity in a firm that is financed almost completely with debt. Stubs are often created when firms go through a leveraged buyout or pay big cash dividends in order to fend off a takeover. to its Comchek eCash(R) clients through TALX ePayroll Services.
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 An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society.
Its primary uses are:
tr.v. de·ac·ti·vat·ed, de·ac·ti·vat·ing, de·ac·ti·vates
1. To render inactive or ineffective.
2. To inhibit, block, or disrupt the action of (an enzyme or other biological agent).
3. cards at any time for a secure alternative to paper checks.
"Our clients have been asking for an electronic pay stub A small software routine placed into a program that provides a common function. Stubs are used for a variety of purposes. For example, a stub might be installed in a client machine, and a counterpart installed in a server, where both are required to resolve some protocol, remote procedure 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ," 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 See Information Systems. , 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 SVS - OS/VS2 ); ComchekeCash(R) payroll services for food, retail and other service industries; and point-of-sale equipment for travel plazas and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. . 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 Nasdaq stock market
The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. 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.