Method of payroll access
OwnerStevan P. Vasicinventor
Life of this patent
Estimating the term…
Abstract
The present invention provides a payroll access program allowing an employee to request access to payroll through a third party. The third party receives the request from an employee for payroll access and then forwards requested funds to the employee on demand. The third party then notifies the payroll service handling the employee's payroll to deduct the forwarded funds from the employee's payroll check and reimburse the third party for the funds forwarded. The third party and the payroll service may also deduct and receive a fee for the service.
Claims93
A method of payroll access comprising:
- receiving a request from an employee for access to the employee's payroll, forwarding funds to the employee on demand;
- and
- deducting the forwarded funds from the employee's payroll check.
A method of payroll access comprising:
- receiving an electronic request from an employee for access to the employee's payroll, wherein said request originates from an automated teller machine and is transmitted over a computer network, electronically authorizing a distribution of funds according to said request;
- distributing the funds through the automated teller machine;
- and
- deducting the amount of the distributed funds and a fee from a paycheck of the employee.
A method of providing payroll access comprising the steps of:
- receiving a request from an employee for access to the employee's payroll;
- forwarding funds to the employee according to said request;
- deducting forwarded funds and a transaction fee from the employee's payroll;
- and
- distributing an adjusted pay to the employee at the end of a pay period.
A method of payroll access comprising the steps of:
- providing an employee access to a payroll access account;
- accepting a request from an employee for access to the payroll access account;
- transferring funds from the payroll access account to the employee per the employee's request;
- notifying the employee's payroll service company of the forwarded funds;
- and
- receiving a transaction fee deducted form the employee's payroll.
A method of payroll access comprising the steps of:
- providing an employee access to a payroll access credit card account;
- accepting a request from an employee for access to the payroll access credit card account;
- transferring funds form the payroll access credit card account to the employee per the employee's request;
- notifying the employee's payroll service company of the forwarded funds, and
- receiving a transaction fee deducted form the employee's payroll.
A method of payroll access comprising the steps of:
- providing an employee access to a payroll access account serviced by a bank,
- authorizing an employee to request and withdraw funds from said payroll access account using bank services,
- receiving information regarding account transactions for said payroll access account;
- notifying a payroll service of the employee's of funds withdrawn from the payroll access account;
- and
- receiving a transaction fee deducted form the employee's paycheck by the payroll service company.
A method of payroll access comprising the steps of:
- receiving a wire transfer request from an employee;
- wire transferring funds to an employee;
- notifying an employee's payroll service company of the wire fee;
- and
- receiving reimbursement for the wired funds and an additional fee deducted form an employee's payroll.
A method of payroll access comprising the steps of:
- providing a payroll service company with information regarding an employee to whom payroll access is given;
- determining a limit on the amount of funds that can be accessed by the employee;
- issuing the employee a payroll access ATM card;
- receiving requests for payroll access when the employee uses the ATM card to request funds;
- forwarding the requested funds to the employee;
- receiving notification from the ATM via a computer network of the transaction;
- forwarding the amount of the funds withdrawn together with fees to a payroll service company of the employee, adjusting the balance on the limit on the ATM card according to the amount withdrawn by the employee;
- receiving reimbursement for the forwarded funds and payment for transaction fee and other fees, all being deducted frm employee's paycheck;
- and
- resetting the limit on the ATM card.
A method of providing payroll access comprising the steps of:
- providing an employee access to a payroll access account tied to an ATM card,
- determining a limit on the funds that the employee can withdraw from said payroll access account for a given pay period,
- issuing a payroll access ATM card to said employee,
- receiving a request from the employee through an ATM for access to funds in a payroll access account,
- transferring funds to an authenticated user through said ATM;
- receiving notification from the ATM of the transfer of funds,
- calculating fees for the transaction,
- notifying a payroll service company of the employee to deduct an amount equal to the funds transferred and the fees from the employee's payroll,
- receiving the amount deducted from the employee's payroll check and the fees.
An apparatus for employee payroll access on demand comprising:
- means for receiving a request from the employee for payroll access;
- means for forwarding funds to the employee on demand;
- and
- means for deducting the forwarded funds from the employee's payroll check.
Dependencies are inferred from the claim text.