PaymentEvolution Launches a Small Business Payroll Solution with Central 1

PaymentEvolution announces the launch of Small Business Payroll with Central 1 empowering Canadian businesses with integrated banking, payroll and employee management.

TORONTO (NEWSWIRE)December 03, 2018Integrated payroll and banking now available from Central 1 and PaymentEvolution

PaymentEvolution,the payroll, payments, and benefits management solution for small and mid-sized businesses across Canada, announces the launch of a Small Business Payroll Solution withCentral 1 Credit Union(Central 1). As Canadas leading digital banking and payments provider for credit unions and financial institutions, Central 1 will make the easy-to-use payroll solution available to thousands of Canadian business owners.

Incorporating the industry-leading payroll platform from PaymentEvolution, clients of Central 1 can now make integrated payroll available to their business members and customers.

Central 1 is redefining what online banking means for small businesses by developing innovative ideas that will help credit unions support the financial success of both individual and business members, said Mark Blucher, President and CEO, Central 1. Our research shows that payroll is one of the biggest frustrations for entrepreneurs and that our integration with PaymentEvolution addresses that head on, in a way that is simple for any small business to operate.

PaymentEvolution and Central 1 share a common goal of empowering small businesses across Canada to do more. By enabling financial institution and credit union clients of Central 1 to deliver innovative small business solutions, were helping Canadian business owners succeed in their communities while giving their staff an amazing employment experience,

Currently, banks connect to external payroll service providers but dont have an integrated view of all their financial transactions built in, which results in many time-consuming side effects.

Central 1s fully-integrated online Small Business Payroll Solution from PaymentEvolution simplifies the entire payroll system by

Significantly cutting payroll processing times from the typical six business days that occurs when using a third-party payroll provider to two, resulting in four extra days of cash flow per pay period.

Setting up the integrated payroll solution with a companys credit union; its quick and easy because of the existing financial institution relationship, avoiding the nearly week-long wait it can take to set up a third party payroll service.

The Small Business Payroll Solution from PaymentEvolution is flexible and serves the entrepreneurs and business owners who fuel Canadas economy. The flexibility of this payroll solution allows business owners to pay all employees, including full-time, part-time, and seasonal workers, vendors, gig-workers, and contractors. All Canadian bank accounts are supported, giving employees flexibility to receive their pay at the financial institution of their choice.

Central 1 is a preferred partner for financial, digital banking and payment products and services fuelling the success of businesses across Canada. With $19.2 billion in assets, we leverage our scale, strength and expertise to power progress for more than 300 credit unions and other financial institutions, enhancing the financial well being of more than 3.4 million customers from coast to coast. For more information, visit

PaymentEvolution is Canadas largest and most loved cloud payroll, payments and benefits management platform for small and mid-sized businesses. See why over 18,000 businesses trust PaymentEvolution at

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Trusted by thousands of businesses, PaymentEvolution is Canadas largest and most loved cloud payroll and payments service. Accountants, bookkeepers and financial institutions in Canada rely on us for payroll expertise and payroll services for their clientele. Were bringing innovation and simplicity back into the Canadian payroll market from new ways to pay your employees to our open developer program. Were making it easier for you to process your payroll and give your employees a great experience with their payslips.