Dallas, TX, September 08, 2011 --(PR.com
)-- Dallas-based SWACHA, one of the largest not-for-profit regional payments associations in the country, is celebrating National Payroll Week, September 5 - 9, 2011 by encouraging all of America’s employers to offer employees a Direct Deposit option and urging employees to choose to use it.
“National Payroll Week provides the perfect opportunity to encourage employers and employees to assist in improving the efficiency of the payroll process by enrolling in Direct Deposit,” said Dennis Simmons, AAP, President and CEO of SWACHA. “Direct Deposit is a secure process that saves time, money and the environment, and it makes it easier for payroll professionals to process paychecks.”
The system automatically pays employees electronically, reduces paper usage and saves on greenhouse gas emissions. Direct Deposit can also ensure that the more than 4 million checks currently lost or stolen each year make it safely into the accounts of American workers.[i]
National Payroll Week was created by the American Payroll Association in 1996 to help America’s workers understand more about their paychecks, the payroll withholding system and other payroll-driven benefits. It celebrates the hard work by America's 156 million wage earners and the payroll professionals who pay them. Together, through the payroll withholding system, they contribute, collect, report and deposit approximately $1.7 trillion, or 71.9 percent of the annual revenue of the U.S. Treasury.
“It is essential that American workers understand the importance of an efficient payroll system, so SWACHA is proud to partner with National Payroll Week in their effort to spread that knowledge,” said Simmons.
SWACHA-The Electronic Payments Resource®, is one of the largest not-for-profit regional payments associations in the country with approximately 1,100 members across the Southwest. SWACHA is the resource of choice for financial institutions and corporations in the areas of education, training, payments system risks and knowledge about electronic payments. For more information visit:
[i] According to the U.S. Department of Treasury