Sacramento, CA (PRWEB) June 27, 2013
Administrative Systems (ASI), a top provider of retirement advantages payments processing, and FPS Trust Business, a Colorado based trust company, nowadays announced that they have partnered to launch a new Paying Agent service. Paying Agent Services will give buyers with the capacity to fully outsource the payments approach, such as reconciliation and movement of cash, remittance of tax withholding to both federal and state agencies, OFAC processing, stale dated check monitoring, and escheatment.

Paying Agent Services are a all-natural extension to ASIs present disbursement solutions providing, ASIPay. ASIPay is an on the internet payment and workflow program providing consumers with the capability to fully streamline payments by automatically calculating withholding & deductions, maintaining uptodate data on state and federal withholding needs, aggregating deduction payments, and calculating price of living adjustments (COLA).

Rob Hickman, president of Administrative Systems, said, We are excited to be operating with FPS Trust Organization to bring Paying Agent Services to industry. By combining ASIs 40 plus years of expertise in the payments enterprise with FPS Trusts operations background and program capabilities we can better serve our consumers and provide a correct endtoend payment processing resolution.

Scott Pearson, chief executive officer of FPS Trust Company, said, “In order to keep a competitive benefit provided the higher volume of baby boomers looking for distributions, possessing a streamlined and expense effective solution for distribution processing in the retirement and wealth management space is crucial for our clients’ company efficiency. We are delighted to be operating with ASI to supply clientele a answer that will put them at the forefront of this marketplace shift.

About Administrative Systems (ASI)

For more than 40 years, Administrative Systems (ASI) has been the top provider of retirement program advantage disbursements, tax reporting, and associated services for some of the worlds biggest banks, trusts, and pension funds. ASIs options function superior functionality, expense efficiency, and unrivaled client service. For far more information about ASI, pay a visit to http://www.asipay.com.

About FPS Trust Firm

FPS Trust Organization is a nondepository Colorado State chartered trust organization that is dedicated to the effective utilization of sophisticated, industryleading technology that streamlines processing and eliminates paperwork. FPS serves the custodial industry in Paying Agent services, Automatic IRA Rollovers and other associated activities.





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