CHICAGO, IL, December 6, 2004 – Moneris Solutions, one of North America’s largest electronic transaction processors, today announced an alliance with SurePayroll Inc., the nation’s largest online payroll provider, to offer SurePayroll’s complete payroll processing solution to its small business customers.
The outsourced payroll industry continues to grow at an annual growth rate of 20 percent according to the Outsourcing Institute in New York. Outsourcing payroll services can be particularly valuable to small businesses that can benefit from reducing the time and resources spent on payroll processing. In fact, small business owners estimate that they spend more than 50 hours a year calculating payroll. This means that processing payroll consumes more than a full workweek each year, taking time away from managing a small business.
SurePayroll’s web-based payroll solutions complement Moneris’ portfolio of solutions that enable merchants to accept credit and debit cards, paper and electronic checks, and gift and loyalty cards.
SurePayroll provides a simple, reliable and economical outsourced payroll for small businesses to process and distribute payroll. The SurePayroll service enables small business owners to save significant time and money while maintaining control of the entire process. The web-based service includes payroll processing, a tax filing service, direct deposit, basic payroll reports, quarterly reporting, electronic delivery of pay stubs, and optional check printing.
“SurePayroll has leveraged the Internet to reduce the cost of payroll processing, and we are pleased to collaborate with Moneris Solutions to increase the adoption of our web-based payroll solutions,” said president of SurePayroll Michael Alter. “Moneris Solutions is a well-respected name in the financial services community and an important partner to small businesses and banks. Our relationship with Moneris helps extend the reach of our sales network and grow our base of more than 13,000 small business customers.”
“As part of our ongoing effort to bring value-added services to the small business community, Moneris teamed up with SurePayroll to offer a bundled merchant services and payroll solution that fits the needs of our expanding customer base,” said Patrick Albright, senior vice president of marketing, Moneris Solutions. “Moneris understands the unique tools small businesses need to run and grow their operations and we are committed to delivering these solutions. This new relationship provides an innovative solution with a flexible range of capabilities at an affordable price from two companies dedicated to serving small businesses.”More information on the Moneris-SurePayroll payroll processing solution for small businesses can be found at a special website: https://moneris.surepayroll.com.
About SurePayroll
Privately held SurePayroll is America’s fifth largest payroll provider and the nation’s largest online payroll provider. Catering exclusively to the needs of small businesses, SurePayroll provides a simple, reliable and economical way to process payroll in minutes via the Internet. In addition to providing payroll services directly to small business, SurePayroll also provides a private-label payroll service that allows SurePayroll’s numerous partners to offer payroll processing to their small business clients. Business partners include Wells Fargo and ABN AMRO. For more information, visit www.surepayroll.com.
About Moneris Solutions
Moneris Solutions ( www.monerisusa.com) has a 30-year history as one of North America’s largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 350,000 North American merchant locations and has a staff of over 1,100 employees. U.S. headquarters are located outside of Chicago, IL.
| Marcie Cheney 202-296-2002 x103 mcheney@environics-usa.com |