Electronic payroll system & method

• US 6,829,588 B1
• Filed: 10/08/1999
• Issued: 12/07/2004
• Est. Priority Date: 10/08/1999
• Status: Expired due to Term

• Current Assignee: First Data Corporation (Fiserv Incorporated), Western Union
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Seifert, Dean A., Stoutenburg, Earney E.
• Primary Examiner(s): Akers, Geoffrey R.
• Application Number:
  US09/416,518
• Time in Patent Office: 1,887 Days
• Field of Search: 705/39, 705/40, 705/43, 705/30
• US Class Current: 705/30
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/346 Cards serving only as information carrier of service
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A system and method for managing a company payroll is disclosed. The system and method provide for issuing an employee an identifier. The employee may access the account at a remote payroll distribution device by disclosing the identifier. The remote payroll distribution device enables the employee to withdraw a sum of money up to the total amount of money in the account, as well as print tax withholding information as typically displayed on a check stub. Other features include printing checks for payment to various establishments which effectively eliminates the need for bank checks.

Claims

1. A method for managing an employer'"'"'s payroll while providing a way for an employee dispersed from the employer to receive pay and obtain information for the employee, the method comprising:

providing an electronic account for the employee;

providing a delivery site accessible to the employee and remote from the employer;

providing the employee with a presentable personal identifier for identifying the employee at the delivery site and allowing the employee to access the electronic account;

transferring pay and information for the employee into the employee'"'"'s electronic account, wherein the information is a tax withholding information for informing the employee of a deduction by the employer from the pay for payment of a government tax; and

disbursing to the employee at the delivery site upon presentation of the employee'"'"'s personal identifier a selected portion of the pay transferred into the employee'"'"'s electronic account and the information for the employee.

2. The method of claim 1 wherein providing an electronic account further comprises providing a computer having data storage capability for storing information regarding an identity of the employee, an employee'"'"'s salary, and information related to employment.

3. The method of claim 1 wherein providing a delivery site further comprises providing a remote payroll distribution device which dispenses a negotiable instrument.

4. The method of claim 3 wherein the negotiable instrument is a money order.

5. The method of claim 3 wherein the negotiable instrument is a cash voucher.

6. The method of claim 3 wherein the negotiable instrument is a ticket voucher.

7. The method of claim 3 wherein the negotiable instrument is a travelers check.

8. The method of claim 1 wherein providing a delivery site further comprises providing a remote payroll distribution device which dispenses a transaction receipt.

9. The method of claim 1 wherein providing a delivery site further comprises providing a delivery site device which allows the employee to access the information for the employee.

10. The method of claim 1 wherein providing a delivery site further comprises providing a delivery site device which displays the information for the employee.

11. The method of claim 1 wherein providing a delivery site further comprises providing a delivery site device which prints the information for the employee.

12. The method of claim 1 wherein providing the employee with a presentable personal identifier further comprises issuing a employee electronic card to the employee which associates a code with the employee.

13. The method of claim 12 wherein the code is a unique number assigned to each employee and is used to associate the employee with employment information.

14. The method of claim 1, further including identifying the employee on the selected portion to facilitate payment of the selected portion to the employee.

15. The method of claim 1, further including identifying a third party on the selected portion to facilitate payment of the selected portion by the employee to the third party.

16. A system for managing an employer'"'"'s payroll while providing a way for an employee dispersed from the employer to receive the pay and obtain information for the employee, the system comprising:

an electronic account for the employee, wherein pay and information for the employee is transferred into the electronic account, wherein the information is a tax withholding information for informing the employee of a deduction from the pay for payment of a government tax;

a presentable personal identifier for identifying the employee and allowing the employee to access the electronic account; and

a delivery site accessible to the employee and remote from the employer, wherein a selected portion of the pay transferred into the employee'"'"'s electronic account and the information for the employee is disbursed to the employee at the delivery site upon presentation of the employee'"'"'s personal identifier.

17. The system of claim 16 wherein the electronic account further comprises a computer having data storage capability for storing information regarding an identity of the employee, an employee'"'"'s salary, and information related to employment.

18. The system of claim 16 wherein the delivery site further comprises a remote payroll distribution device which dispenses a negotiable instrument.

19. The system of claim 18 wherein the negotiable instrument is a money order.

20. The system of claim 18 wherein the negotiable instrument is a cash voucher.

21. The system of claim 18 wherein the negotiable instrument is a ticket voucher.

22. The system of claim 18 wherein the negotiable instrument is a travelers check.

23. The system of claim 18 wherein the delivery site further comprises a remote payroll distribution device which dispenses a transaction receipt.

24. The system of claim 18 wherein the delivery site further comprises a delivery site device which allows the employee to access the information for the employee.

25. The system of claim 18 wherein the delivery site further comprises a remote payroll distribution device which prints the information for the employee.

26. The system of claim 18 wherein the delivery site further comprises a remote payroll distribution device which displays the information for the employee.

27. The system of claim 18 wherein the presentable personal identifier further comprises a employee electronic card which associates a code with the employee.

28. The system of claim 27 wherein the code is a unique number assigned to each employee and is used to associate the employee with employment information.

29. The system of claim 18, wherein the information is salary deduction information for informing the employee of deductions from the employee'"'"'s salary.

30. The system of claim 18, wherein the information is a message to the employee from the employer.