Hanmi Bank has partnered with Paychex company SurePayroll to launch an online payroll service to help its small business customers.

Business Online Payroll, available through Hanmi’s online banking system, is a simple full-service online payroll service designed to enable Hanmi’s small business customers to quickly and conveniently process payroll online.

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Following enrolment, the subscribers are simply required to login and enter data, preview and submit payroll, while the rest, including calculation of employee wages and deductions, as well as payment and filing of all federal, state and local taxes, will automatically be done by the system.

SurePayroll senior vice president, Rick Gunther, said the partnership with Hanmi Bank will help small business owners overcome the inherent challenges associated with payroll and focus more time on their businesses.

Hanmi Bank president and CEO, CG Kum, said the bank is investing in technology to offer new and enhanced products and service that will bring added value to its customers.

"Online payroll service will provide our small business customers with the resources they need to operate their business efficiently, helping them to focus on growing their business," Kum added.

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The service is also capable of tracking employee benefits, which can either be manually paid by subscribers by printing cheques in their office from the online system or by direct deposit.

In addition, Business Online Payroll provides comprehensive online reports that are readily accessible to small business owners.