“Many employees wait two weeks, or even a month, for payday to come around,” says Paul Margarites, head of commercial digital platforms for TD Bank.
“With current pressure from inflation and other issues, this lack of access to earned wages can put workers in a bind. Unforeseen expenses, upcoming bills and day-to-day needs do not wait for payday – and now our clients’ employees don’t have to.”
The DailyPay solution connects with clients’ existing payroll systems to convert their employees’ time worked into net earnings. Their DailyPay balance is available to employees anytime, anywhere through their bank account or any card they choose. They can even control the frequency of the solution and portion of their pay received.