With the implementation of the Bahamas Automated Clearing House (BACH), Bank of the Bahamas International executives are taking steps to ensure business customers understand the new adjustments to their payroll systems.

Representatives from a variety of companies attended intensive ACH workshops at the bank's training facility to learn more about the new structure's impact on their bottom line.

By linking all clearing banks, the BACH will facilitate electronic payroll, with direct immediate credit, from employer to employees wherever they bank within the system.

Bank of the Bahamas International's managing director, Paul McWeeney explained the background to the ACH at the start of the training session.

Source: http://www.tribune242.com/business/09162010_Bank_business_Page4-Lead