Our Product - What Is It

3RD Party Payroll Deduction Management Service (PDMS):

  • Performs employee affordability evaluation
  • Manages deductions PRIOR to them being effected onto the payroll
  • Builds trust between Lenders and Borrowers
  • Help convert the employee salary/employment into an asset
  • We mitigate credit and collection risk for financial service providers

 

Key Components of the PDMS system:

  • Electronic live platform that is updated every time a transaction is performed
  • Registry of all lenders
  • Registry of all employers
  • Registry of all employees
  • Up to date payroll information
  • Up to date loan information
Our Product - How It Works

How it works
How it works

Benefits to the Employer

Benefits to the Employer:

  • Takes away the administrative burden and costs of processing payroll deductions and dealing with third party operators/code holders
  • Ensures that employers comply with regulatory requirements regarding minimum take home income for its employees
  • Helps employees reduce their level of indebtedness, by being protected from unscrupulous Financial Service Providers and thus contributes to employee well-being
    Flexible solution that is future proof at no cost to employer.

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