This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

New BBVA Compass Service Aims To Help Business Owners Manage Their Own Payrolls

BIRMINGHAM, Ala., Feb. 27, 2014 /PRNewswire/ -- BBVA Compass today announced a new service to help its business customers seamlessly manage their payrolls through online banking.

The BBVA Compass Payroll Service powered by Execupay, one of the largest independent payroll service providers in the U.S., gives customers easy access to payroll information alongside their business and personal account information. It was developed as part of the bank's ongoing efforts to meet the needs of business owners, specifically those operating small businesses.

"Nearly 50 percent of small business owners currently outsource their payrolls due to constantly evolving human resources and tax guidelines," said Lonnie Hayes, small business segment director for BBVA Compass. "It can be a very costly and tedious proposition, especially for micro-business owners whose companies generate less than $500,000 in annual revenue. We saw an opportunity to help businesses of all sizes confidently manage their own payrolls."

The new service offers several features, including:

  • Device flexibility – Businesses can manage their payrolls using a variety of internet-enabled devices (e.g., smartphones, tablets and laptops).  
  • Payroll automation – Customers can automate much of the process and complete their payrolls in just a few minutes.  
  • Payroll tax management – The integrated Tax Filing Service helps protect small business owners from payroll penalty exposure by providing accurate and timely filing, reporting and depositing of federal, state and local payroll taxes and related returns.
  • Employee direct deposit – The service streamlines payroll by allowing customers to pay their employees with direct deposit at no additional charge.
  • Comprehensive reporting – Small business owners can tap into a comprehensive set of standard and customizable reports to track key information, including labor distribution, tax compliance reporting and employee compensation, tips and benefits.
  • Dedicated support – Small businesses needing assistance can connect with support teams via the service's online chat and dedicated support line.
  • HR tools and resources – For a monthly fee, customers can access an integrated human resources library with HR tools and information, including federal and state laws and updates.

"The BBVA Compass Payroll Service simplifies a critical financial task," Hayes said. "It allows our business customers to easily manage the process and quickly return their focus to growing their companies."   

Last year, BBVA Compass introduced its Business Mobility Bundle to help micro-businesses manage their finances on the go and launched The Great Ideas for Small Business Facebook Contest, recently awarding two small business owners $10,000 each to fuel their business growth.

Visit www.bbvacompass.com/go/payroll for information on the BBVA Compass Payroll Service and the latest on the bank's small business solutions.

BBVA Compass Payroll Service is a service provided to payroll service customers directly by Execupay Services, LLC., a third party service provider unaffiliated with BBVA Compass. See Execupay's terms and conditions for further details. Payroll products, programs and services are subject to change.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,493.37 -69.93 -0.42%
S&P 500 1,925.15 -5.52 -0.29%
NASDAQ 4,352.6390 -17.1340 -0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs