CFPB warns against money apps for paying employees
BMT Office Administration
JUNE 22, 2023
Direct deposit works through the Automated Clearing House (ACH) network—you instruct your bank to prepare a payroll file and it disburses employees’ pay electronically to their banks. Smartphones can be hacked, and the FTC’s Data Spotlight notes that 2022 saw a surge in copycat bank fraud prevention alert texts.
Let's personalize your content