oboloo Glossary

Direct Deposit Providers

oboloo Glossary

Direct Deposit Providers

Direct Deposit Providers offer an automated, secure way for businesses to make payments to employees, vendors and other recipients. Direct deposit allows companies to electronically transfer payments from their accounts directly into the recipient’s bank account. This helps businesses reduce paperwork, streamline payment processing, reduce the cost of printing and mailing checks and ensure that all payments are received safely and securely.