FLS Partners with USB for Electronic Payroll Tax Payments; Agreement Gives Corporate America a Single Source For Payments to Government Agencies Nationwide.Business Editors DALLAS--(BUSINESS WIRE)--Dec. 21, 1999 Federal Liaison Services, Inc. (FLS FLS Falls FLS Forward Looking SONAR FLS Front Line States FLS First Level Support (helpdesk) FLS Fire Life Safety FLS Fatty Liver Syndrome (hepatic lipidosis) FLS Foreign Language School ) announced today that Universal Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , F.A. (USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ) will be added as a new channel partner to enable FLS customers to electronically process payroll tax Payroll Tax Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax. payments. "USB gives us a single resource to provide electronic solutions for all payroll tax payments required to be paid electronically to government," said Fran Bartlett, founder and president of FLS. "USB is a proven leader in processing and presenting tax payments to the automated clearing house See ACH. (ACH) network. USB has been a customer of FLS in its payroll processing operation, so they are familiar with the requirements of other FLS customers. This new partnership strengthens our position as the only vendor offering a complete spectrum of tax compliance solutions, with both insourcing (1) Doing work with inhouse employees. Contrast with outsourcing. (2) Creating jobs in your country by an organization that is foreign owned. Contrast with outsourcing. and outsourcing options." U.S. businesses make payroll tax payments to about 7,000 federal, state and local taxing agencies. "The USB-FLS partnership provides businesses with one-stop shopping for seamless execution, high reliability and security in electronic payment processing through the ACH network," said Kenneth W. Biel, chief executive officer of USB. "This strategic alliance makes sense for two leaders in their industry segments." Universal Savings Bank, F.A. is a federally-chartered savings bank located in downtown Milwaukee, Wis. USB is a vertically integrated electronic transaction processor, providing transaction authorization, data capture, settlement and funds transfer services to over 45,000 business clients nationwide. USB offers credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. processing, electronic check processing, time/attendance and payroll processing, pre-paid phone products, electronic gift cards, and e-commerce solutions. Visit USB online at http://www.usb.com. FLS payroll tax systems are the most comprehensive and sophisticated in the marketplace today. Only FLS offers both payroll tax software and tax filing services. Companies can use the same database for either option. Federal Liaison Services, Inc. is the leading provider of software solutions and services to employers for government reporting and compliance. FLS solutions automate payroll tax payments and filings, wage garnishment garnishment, in law, means of requiring a third party who holds a debt (including wages) due a defendant to retain the property temporarily. The garnishment consists of a warning, in the form of a judgment, to the third party, called the garnishee, not to deliver the processing, and year-end W-2 and 1099 processing. Clients include 400 members of the Fortune 1000, and major government agencies. Visit FLS online at http://www.flspayrolltax.com or call 972/239-8881. The company's headquarters are located at 12001 N. Central Expressway, Suite 700, Dallas, TX 75243-3715. EDITOR'S NOTE: FLS and the FLS logo are trademarks of Federal Liaison Services, Inc. All other trademarks are the property of their respective owners. |
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