Company ProfileData Processing Service was founded by Jim Honea and started as a payroll processing company in 1979. In 1995 the ownership of the company was passed to his daughter, Lori Duke. As the electronic era approached, the company felt the need to find a way to offer direct deposit services to the customers. Signing up with many banks became cumbersome and inefficient. Being recommended to the Federal Reserve, the company qualified to apply for a Fedline connection. After an extended approval process, the company was accredited with its own Fedline connection. Years later, the company is still in the business that is no longer available to other companies. |
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