Since day one of DailyPay, championing diversity and inclusion has been baked into our company’s DNA. I have always believed diversity is more than just the sum of our many parts. Whether it’s diversity of our backgrounds, experiences, opinions, identities or views, we view it as a cornerstone on how we build a sustainable business.

In a recent nationwide poll we conducted, 65% of respondents believed that diversity in the overall staff composition makes a company better-positioned to relate to customers. By partnering with hundreds of forward-thinking businesses and millions of users nationwide; we relish working with an incredible cross-section…

For years, consumers have looked to their traditional account balances as a means to determine their available funds, purchasing power and, ultimately, net worth. For the lucky few, that meant adding up various amounts across checkings, savings, brokerage, 401(k), etc. But for the vast majority of us, it was probably limited to the balance in our checking account, with maybe a few dollars in savings.

At DailyPay, we believe that there has been a critically important balance that has been absent from the consumer’s overall financial profile. As a working person, your real-time “net worth” should also include what you’ve…

DailyPay 2019 Team

One of the most special things about DailyPay is that we are building a generational company, rooted in a common culture and mission. A company that lives beyond us; one that is meant to outlast us all. Together, we are building a company that is durable, valuable, and a cornerstone of the American financial system.

One of our core values at DailyPay is “Pull the Wagon.” It’s a simple way of saying that the job of a leader is to pull alongside her team. Leaders who stand in the wagon and merely point, aren’t really leaders at all. They are…

When I started DailyPay, I set out to solve a previously untackled problem: to radically change the experience of an employee and enable her to control the timing of her pay, while at the same time not burdening the employer with changing anything about the company’s payroll process. Today, we solve this problem for millions of Americans across great employers like Target, Kroger, Dollar Tree, Six Flags, Adecco, Berkshire Hathaway, and so many others.

In the course of the last five years, I also learned how challenging the payroll process can be. Every day, I am in awe of how…

CFPB EWA Approval Order

On 12/30/2020, the CFPB issued a follow-up order in response to its advisory opinion on Earned Wage Access from a month earlier, which provides guidance on certain earned wage access (EWA) programs (sometimes known as on-demand pay programs). In a stunning blow to the community of EWA providers who debit, the CFPB explicitly excluded debiting practices from the safe harbor. Instead, it validated the employer-based, non-recourse approach pioneered and championed for years by DailyPay.

Key Highlight #1: Utilizing debiting as a form of EWA payback is likely to be considered an extension of credit.

The CFPB approval order specifies a…

Let’s start from the past: payroll hasn’t changed in centuries. Since the beginning of time, payroll has always revolved around the employer. Employers have always been the ones to decide when to pay their employees.

During World War II, to prevent the inflation the U.S. had seen after World I, FDR requested that employers switch to a biweekly pay schedule. This was done to limit the cash Americans had at any point in time, to curb inflation. And employers chose to do the patriotic thing and so they moved to biweekly pay.

With all that behind us, why should hard-working…

Jason Lee

Jason Lee is a fintech entrepreneur and the Founder and CEO of DailyPay the current market leader in the on-demand pay software sector

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