SAN FRANCISCO, CA — June 14, 2001 — Wells Fargo & Co. (NYSE:WFC), the nation's leading Internet bank, and SurePayroll, a leading provider of Web-based payroll services, today announced the introduction of OnlinePayroll by Wells FargoSM, an end-to-end online payroll solution for Wells Fargo's small business customers. With this service, Wells Fargo becomes the first major financial institution to offer an integrated Web-based payroll management solution to small business owners nationwide.
The new cost-effective service — available through Wells Fargo's online Resource Center for Small Business Owners (http://www.wellsfargo.com/biz) — provides small business customers with an online payroll management solution for payroll processing, direct deposit management, tax filing and payment reconciliation. This paperless service enables small business customers to save time and money while fulfilling their obligation to submit payroll tax deposits and file payroll tax returns in compliance with federal, state, and local requirements. With OnlinePayroll by Wells FargoSM, customers use a secure, Web-based solution to drive their entire payroll process.
"When I began my search for a payroll company, there were a few items that were important to me," said Rob Eskridge, president of Growth Management Center, Inc., based in Truckee, Calif. "I was interested in a service that saved me time and money while ensuring that my payroll would be paid accurately and on time. OnlinePayroll by Wells FargoSM provides me with the flexibility to run payroll on my timetable, which can sometimes be late at night or early in the morning. Plus, by outsourcing my payroll, I can spend more time building and managing my business."
In addition, the new service features access controls that allow small businesses to separate administrative and approver capabilities. Small business customers access current and historical payroll data using enhanced reporting tools to instantly update and view calculations. Customers can access OnlinePayroll by Wells FargoSM through the Resource Center for Small Business Owners at http://www.wellsfargo.com/biz — the end-to-end, single sign-on Internet resource for small business customers that features a wide range of products and services to enhance every stage of business development. Wells Fargo was the first major financial services company in the U. S. To launch Internet banking services for its customers in 1995, and has been online since 1989. The company blazed the trail for interactive tools and features with a wide range of easy-to-use services.
About Wells Fargo:
Wells Fargo & Company (NYSE: WFC) is a $280 billion diversified financial services company providing banking,
insurance, investments, mortgage and consumer finance services through more than 5,400 stores, its Internet
site, wellsfargo.com and other distribution channels across North America and elsewhere internationally.
Wells Fargo has more than 1.5 million small business customers and is the largest small business lender in
the U. S., according to SNL Securities data. Last year, the company launched the Wells Fargo Resource Center
for Small Business Owners. Available at
http://www.wellsfargo.com/biz, the resource center offers financial products and services designed
to enhance every aspect of the lifecycle of small businesses.
About SurePayroll:
SurePayroll is the online alternative to ADP® and Paychex®. SurePayroll's service and team members are dedicated to providing an easy, convenient online payroll service at a price small business owners can afford. Tens of thousands of customers rely on SurePayroll to process payroll wherever they want in as few as two minutes.
In addition, SurePayroll offers small businesses solutions for managing 401(k) plans, health insurance, workers' compensation, HR compliance and employee screening. For accountants and banking partners, SurePayroll provides private-label services that enable them to offer payroll processing to their small business clients.
Over the last decade, SurePayroll has received numerous prestigious awards for its innovative technology and outstanding customer service, including recognition from PC Magazine, Inc. 500, Accounting Today, the Stevie Awards and many others.
For more information, you can visit http://www.surepayroll.com, call 877.954.7873 or follow us on http://twitter.com/SurePayroll.
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