In Brief: Fidelity Launches Web Payroll Service
American Banker (08/04/00) Vol. 2, No. 5 p.11; Carter, Janelle

Fidelity Investments has come out with an online payroll service specially designed to cater to the needs of its small-business customers. Using Electronic Payroll, as the service is called, small businesses can view their payroll results several days before posting. Electronic Payroll also allows small-business owners to combine their payroll databases and 401(k) databases so employers and employees only have to enter new-hire data once. Employees, meanwhile, can look at their earnings statements as well as make adjustments to personal information, deductions, and direct deposits.

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