Making Everyday Payday!
Doreming empowers workers to transfer their take home wages in Real Time.
Doreming plans to launch an “Instant Wage Payment” service in the Fall of 2017, by partnering with Seven Bank with their “Real Time Transfer System”.
Seven Bank Ltd., CEO Kensuke Futagoishi with principal office at Chiyoda-ku Tokyo (“Seven Bank”); and Doreming Co., Ltd., CEO Hiromitsu Kuwahara with principal office at Chuo-ku, Fukuoka (“Doreming”)
Summary of Agreement
Doreming shall be the first partner of Seven Bank that will begin to offer a “Real Time Transfer System” in the Fall of 2017.
Doreming shall provide an “Instant Wage Payment” service based on the Seven Bank’s “Real Time Transfer System”.
“Real Time Wage Transfer System” is a B-to-B service that allows employees to instantly transfer their accrued wages to their accounts on demand. Doreming’s “Instant Wage Payment Service” allows employees to receive accrued wages “On Demand”, which better meets the needs for a variety of work style.
Doreming：Instant Wage Payment Service
The cloud based real time payroll system, “Doreming’ calculates employee’s take home wage, immediately after employee’s leave from work. Income tax, social security tax, and other statutory taxes will be automatically deducted from wage.
Employees can be empowered with early access to accrued wages at any time they want.
Doreming does not intend to charge companies a subscription fee to use our payroll system in Japan. (May incur a wage transfer fee.)
Seven Bank：Real Time Transfer System
Through cooperation with external service providers such as Doreming, Seven Bank executes wage transfer immediately upon receiving a transfer notice (See ④, ⑤ in the figure below),
Companies can use the real-time transfer function through external service providers such as Doreming that connects to Seven Bank’s system.
If companies use an instant wage payment and an instant reimbursement service linked to a real-time transfer system, companies can empower their employees to receive their wages for a day’s work immediately after they leave from work on the day, and companies can reimburse their expenses immediately.
(The transfer can be processed next business day, depending on the receiving bank and time of notice).
Doreming Co., Ltd
Rengo Fukuoka Tenjin Building 6F,
Fukuoka 810-0001, Japan