TietoEnator, WM-data Novo, Nordea, the OP Group and Sampo have Jointly Created an Electronic Pay Sli

Wednesday 28 January 2004 11:46 CET | News

TietoEnator, WM-data Novo, Nordea, the OP Group and Sampo have jointly created an online salary concept. It enables employers to provide their employees with an electronic pay slip that can be viewed using the employees Internet bank ID. Other banks and payroll software providers can also join the concept.
The online service enables employers to deliver their employees pay slips in electronic format via the Internet bank. The concept provides employees with time and place-independent access to their salary data. They can also browse their previous pay slips and contact the payroll office. Thanks to the service, employers gain savings from reduced material, printing and distribution costs of paper pay slips, and employees can enjoy improved services. In the online salary concept, software providers are in charge of the payroll softwares properties, transferring pay slips to the Internet bank environment and keeping them on display there. Banks are responsible for ensuring that the salary is available to the employee via the Internet bank. Banks and software providers will also offer further information on the implementation of the online salary service. The service concept utilises existing Internet bank security technology. All data communications traffic related to the online salary concept is encrypted.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce