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The ABS Direct Deposit P.E.P. Pack® is an add-on module that interfaces the ABS Payroll System.
You use it to create a file which is then used to electronically deposit employee payroll checks into their respective bank and checking accounts.
Since the Direct Deposit module supports both ACH and NPC file formats, the file is accepted by 99% of all U.S. banks and credit unions.
Each direct deposit record has a unique account number and file name. The file itself can be generated by employee ID or by Social Security number.
Key features include: * Easy addition or deletion of employees electing direct deposit * Supports multiple accounts per employee * Reduces corporate payroll processing costs * Fully password protected
"Direct Deposit" is part of the ABS Accounting System line of products, developed by ABS--American Business Systems.
ABS Accounting System is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.