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| Skylight Financial®, Inc. offers account-based financial
services that benefit employers and their employees, as well as individuals
who do not have a traditional banking relationship. Following is a summary
of these benefits: |
| Employer Benefits |
Increase Direct Deposit - 100 percent direct deposit
is a common goal for corporations. Without direct deposit participation,
companies are challenged by the high-cost, inefficiencies and paperwork
involved in managing payday. Skylight® helps eliminate these added costs
by providing self-banked employees with a better solution, the Skylight Account.
Value Added Service - As a service partner, Skylight helps employers
manage payroll distribution issues, such as lost paychecks, escheatment
concerns and card replacement. Through Skylight, these services are available
24 hours a day, seven days a week.
Eliminate Paper Checks - Industry data indicates that the cost to an employer to produce
a paper paycheck is significantly more than that of an
ACH direct deposit payroll transaction. This applies to any size company,
small, mid-size or large.
Eliminate Mail Expenses - Skylight Online PayStubs help companies
reduce overnight delivery fees through implementation of electronic pay
statements.
Exception Pay - Employers can easily round out direct deposit
participation. Through Skylight, companies can easily manage the requirements
involved with reimbursement, commission, termination, bonus and vacation
pay.
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