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BofA Merrill launches Money Network Payroll Distribution Service

Bank of America Merchant Services, an electronic payments processor, and Money Network, a provider of payroll distribution solutions, have launched the Money Network Payroll Distribution Service sponsored by Bank of America.

The programme enables employers to comply with payroll distribution laws, such as the need to offer a paper pay cheque and free cheque cashing locations, while offering a payment alternative to employees who do not have access to a deposit or checking account. Employers are able to provide their employees with access to Allpoint Network surcharge-free ATMs in the United States and beyond, as well as free cheque cashing at retail Money Network cheque-cashing partner locations.

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