Watervliet firm scrambling after payroll shutdown
September 17, 2019 07:36 PM
WATERVLIET - It was the morning of September 5 when phones began ringing at the DALLE Accounting & Cash Management office in Watervliet at 7:00 a.m.
"It started happening quickly," recalled Dan Lortie, DALLE's owner and managing director.
DALLE services nearly 60 clients, which include 600 employees, all of whom depended on a paycheck each week from MyPayrollHR. When people didn't get their money, they were kind of angry.
"The initial reaction is understandable given the fact that there's been two unauthorized withdrawals from a payroll processor," Lortie noted.
It was all hands on deck for Lortie and his staff. First on the agenda list was to download information from MyPayrollHR and transfer it to a new payroll service. There was also an urgent need to make sure clients were made whole as quickly as possible.
"As we were getting phone calls from our clients, our employees were also struggling and having to spend time dealing with their own banks," Lortie pointed out.
It just so happens DALLE's employees were also victims of the MyPayrollHR swindle. Now, Lortie is further concerned because many people are second guessing how they get paid.
"People don't want to have direct deposit anymore because of these withdrawals," he said.
And one further point, given what has happened, Lortie thinks it might be time to consider further safeguards for the payroll industry.
"Any time when you're holding onto people's money and employees money for a period of time, there should be governance and review," he said.
Updated: September 17, 2019 07:36 PM
Created: September 17, 2019 06:39 PM
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