From the July-August 2010 issue of Treasury & Risk magazine

Small Firms Still Paying With Paper

Paying employees via direct deposit rather than with paper checks provides big green benefits. But a recent survey shows small businesses are still not on the direct-deposit bandwagon.

Seventy-two percent of the more than 4,000 employed adults surveyed by NACHA, the electronic payments association, say their pay is deposited directly, while 27% get a paycheck and 1% are paid in cash. That's up from the 66% paid via direct deposit in a 2008 survey by the Consumer Federation of America.


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