Payroll PSP business model

This business model is suitable for major money transfers to individuals (payroll):

  • salaries;
  • bonuses;
  • other types of mass payments.

The key advantage is the automation of mass payments process.

PSP Payroll business model

Administrative options:

  • Control over all operations;
  • Create an operator to generate applications;
  • Create a group of users for mass payments;
  • Upload a payroll statement with the data:
  • Payment amount ;
  • Payment currency;
  • User’s ID.
  • Create an application for withdrawal:
  • In manual mode;
  • In automatic mode.
  • Schedule applications;
  • Accept applications;
  • Access to history of transactions;
  • Reporting.

Typical list of actors for Payroll PSP business model:

  • Primary actors:
    • Payroll manager;
    • Individual (receiver of transfer).
  • System actors from a financial institution:
    • Chief financial officer (CFO) – responsible for the financial and economic essence of the business;
    • Compliance manager – manages the merchants and ensures the security of their involvement in the KYC system (know your customer);
    • Anti-fraud manager – responsible for fraud risk management and dispute resolution between all members in the system;
    • Business development manager (BDM) – responsible for merchant onboarding and revenue plans.
Payroll system roles

Pricing

SDK.finance offers flexible pricing plans for companies of any size. We’ll be in touch quickly to get you started with a package that makes sense for your business. Contact us to get pricing information.