HR manager who just found out something about payroll funding that our CFO had no idea about
Been in HR for 5 years with currently managing a team of around 45 people at a mid size logistics company in Atlanta. Payroll is not technically my lane because that sits with finance but I end up close to it because of headcount changes, onboarding timing and the occasional conversation when someone's direct deposit doesnt land right. Last week I was at a lunch with a few HR people from other companies and someone mentioned that they had been funding payroll through a credit card for about a year and earning points on it. I was acting like I was familiar with what they said but I was only familiar with sending ACH or wire.
There are companies I read about which you can make payments for your big business payments such as payroll with your credit cards even if your recipients only accept bank transfers. I brought it up to the CFO the next day and she hadnt heard about it either.
Does anyone have any previous experience with this sort of service? Wanna know how reliable and secure they can be