Paypath

Quantum offers a direct paypath facility whereby employee’s net pay is sent directly to their personal Bank accounts. A split net pay capability is also available, this means that net pay can be divided up and posted into many bank accounts. This would facilitate Court order or where Attachment of Earnings certificates have been served. Other obvious functions would be to facilitate savings schemes whereby the employee would dispatch amounts to a deposit account and manage the scheme themselves. Amounts can be set as a percentage or defined as specific values.

 

In addition, voluntary deductions may be paid on a period by period basis or on a monthly basis directly into the nominated bank account via a paypath file. This is beneficial to companies who would otherwise have to go through the cheque requisition process in order to pay VHI, Union, Savings schemes etc.