Dynamically disbursing payments worldwide through an advanced Payroll Management System
Maintain, process, and disburse payroll with the utmost ease
Salary Disbursement Solution – powered by Novus – Avanza’s Multichannel Switch – automates end to end payroll management and electronic salary disbursements through ATMs using either a private ATM network and/or an issuer’s existing ATM network.
SDS eliminates hassle of maintaining, processing and disbursal of payroll to workers that do not have access to banking facilities and channels. Inbuilt remittance and other value added transactions make SDS a turnkey solution for payroll management in compliance with central bank regulations and WPS (Wage Protection System) standards
Features and Benefits
Avanza's Salary disbursement is a progressive payroll management solution that streamlines transaction processing and provides a real-time tracking experience that is secure, compliant, and meets the best-industry standards.
Instant and convenient access to funds through electronic payment
Reduce cost and inconvenience of disbursing salaries by cash or cheques
Streamline salary disbursements to all employees
Workers receive salaries electronically and conveniently access funds 24×7.
Workers save time and save cheque cashing fees to obtain cash.
Access funds on an ATM that is protected by a PIN (card system).
Workers are given Magnetic Cards to carry out transactions at ATMs.
In built value addition transactions such as “remittance” transaction
Complies with Wage Protection System regulations and standards.
Employees don’t necessarily require bank accounts
Rules based engine to sense events for SMS dispatches