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Nearly 3 in 4 Gen Z Hourly Workers Love/Like Their Job According to a New Harris Poll/DailyPay Survey

Retrieved on:

Wednesday, March 20, 2024

Well, Workforce, The Harris Poll, DailyPay, Research, News, Gen, Love, Generation Z

NEW YORK, March 20, 2024 /PRNewswire/ -- Most Gen Z hourly workers are fond of their current job, with 73% citing they like or love it according to a recent survey conducted online by The Harris Poll, commissioned by DailyPay. Still, their financial security is the driving force for getting the majority out of bed in the morning, according to this new research. The survey revealed the top motivator for Gen Z (Age 18-27) hourly workers to go to work every day is getting paid (80%), followed by having a sense of accomplishment (47%) and working toward career goals (47%). Also among the list of motivators include having a sense of purpose (44%) and making the world a better place (24%).

Key Points:

The survey revealed the top motivator for Gen Z (Age 18-27) hourly workers to go to work every day is getting paid (80%), followed by having a sense of accomplishment (47%) and working toward career goals (47%).
The good news for employers is that many are likely satisfied at their current job according to the poll conducted in early February.
While money is the leading factor that drives Gen Z hourly workers to succeed on the job, they are also motivated by several other key factors.
"It's also encouraging to see how many Gen Z hourly workers recognize the value and positive impact of having choice and control over their pay through earned wage access.

Visa+ Now Available To All DailyPay Users

Retrieved on:

Wednesday, March 6, 2024

Product strategy, DailyPay, Financial services

NEW YORK, March 6, 2024 /PRNewswire/ -- DailyPay , a proud launching partner for Visa+ , announced today that the innovative new service is available to DailyPay's millions of users nationwide.

Key Points:

NEW YORK, March 6, 2024 /PRNewswire/ -- DailyPay , a proud launching partner for Visa+ , announced today that the innovative new service is available to DailyPay's millions of users nationwide.
This empowers the DailyPay user to pay bills, spend, invest, or move money to friends/family on their own schedule.
DailyPay currently partners with America's leading employers who offer the financial wellness benefit to their employees.
"The future of payments has arrived," said Dekel Beeri, Product Strategy, DailyPay.

DailyPay Closes Transactions Totaling $175 Million; Company's Valuation Increases by 75%

Retrieved on:

Thursday, January 18, 2024

Dollar Tree, Fintech, Kroger, Citigroup, Target, DailyPay, Financial services

NEW YORK, Jan. 18, 2024 /PRNewswire/ -- DailyPay, the leading on-demand pay company, today announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing, which valued the company at $1.75 billion on a pre-money basis.

Key Points:

"This latest equity capital raise, from both long-time institutional investors and new financial partners, underscores DailyPay's strength and market-leading position.
"DailyPay is excited to welcome Citi to our distinguished group of lenders and financial partners," added Ken Brause, Chief Financial Officer of DailyPay.
FT Partners served as exclusive strategic and financial advisor to DailyPay on the equity financing transaction.
DailyPay partners with leading employers across various industries, including Fortune 500 companies such as Hilton, Target, Kroger and Dollar Tree.

Securonix Appoints Scott Sampson as Chief Revenue Officer

Retrieved on:

Thursday, November 16, 2023

Securonix, Inc. , a leader in Unified Defense SIEM, today announced the appointment of Scott Sampson as Chief Revenue Officer.

Key Points:

Securonix, Inc. , a leader in Unified Defense SIEM, today announced the appointment of Scott Sampson as Chief Revenue Officer.
“We are excited to welcome Scott to Securonix and have him join our executive leadership team,” said Nayaki Nayyar, Chief Executive Officer, Securonix.
He most recently served as the Chief Revenue and Commercial Officer at DailyPay, Inc., a leading on-demand pay solution provider.
In addition to serving as Chief Revenue Officer of NewVoiceMedia through its acquisition by Vonage, Sampson spent 10 years at IBM in North American and global enterprise sales leadership positions.

Healthcare Workers Have Less Credit Debt and Pay Fewer Late Fees and Overdraft Fees When They Use DailyPay

Retrieved on:

Tuesday, December 12, 2023

Better, DailyPay, American Psychiatric Association, News, Health insurance, Nursing

NEW YORK, Dec. 12, 2023 /PRNewswire/ -- A new study from Arizent/Employee Benefits News revealed that healthcare workers who leverage the financial wellness benefit of DailyPay offered by their employer, reduce their credit card debt, pay fewer late fees on bills, use payday loans less often and pay fewer overdraft fees.

Key Points:

With the Financial Wellness Benefit of DailyPay, Healthcare Workers Can Live a Better Financial Life, According to New Study From Arizent/Employee Benefits News
NEW YORK, Dec. 12, 2023 /PRNewswire/ -- A new study from Arizent/Employee Benefits News revealed that healthcare workers who leverage the financial wellness benefit of DailyPay offered by their employer, reduce their credit card debt, pay fewer late fees on bills, use payday loans less often and pay fewer overdraft fees.
In fact, among the healthcare workers surveyed;
The reduction in stress can be particularly critical this time of year.
"For millions of American healthcare workers, flu/COVID season once again brings additional challenges to their already stressful positions.
The study included a survey of DailyPay users and a survey of employers who offer DailyPay.

Nearly 3 in 5 Americans Say They Are More Likely to Give Bigger Tips During Holiday Season

Retrieved on:

Wednesday, December 6, 2023

The Harris Poll, Generation Z, Gen, Baby boomers, Generation X, Communication, Online shopping, Food delivery, DailyPay, Millennials, Hand

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- With the holiday season upon us, the majority of Americans claim they won't be resembling Ebenezer Scrooge this year when it comes to tipping. A new survey conducted by The Harris Poll, commissioned by DailyPay, reveals 59% of Americans say they tend to give bigger tips during the holiday season compared to the rest of the year.

Key Points:

A new survey conducted by The Harris Poll , commissioned by DailyPay , reveals 59% of Americans say they tend to give bigger tips during the holiday season compared to the rest of the year.
Overall, nearly 3 in 10 Americans (29%) doled out gratuities more often than in the previous year.
More than a third (37%) of Americans say they often find themselves unable to tip because they don't have cash on hand.
According to the survey, most Americans (88%) believe that employees should receive the tips they've earned immediately/the same day.

Infor to Offer On-Demand Pay for Employees Through New DailyPay Partnership

Retrieved on:

Tuesday, November 14, 2023

Workforce, DailyPay, Research, Partnership, Organization, WFM, Infor, Management

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Infor®, the industry cloud company, today announced a new partnership with DailyPay, the industry leader in on-demand pay, to offer its customers the ability to seamlessly provide employees with easy and quick access to their earned wages. Through this partnership, customers using Infor Workforce Management solutions can provide hourly employees with same-day access to their pay, without disruptions and additional administrative tasks for payroll teams. This will help organizations remain competitive in the ever-evolving employee landscape and support employees in the journey to achieve financial wellness, ultimately increasing employee retention.

Key Points:

Through this partnership, customers using Infor Workforce Management solutions can provide hourly employees with same-day access to their pay, without disruptions and additional administrative tasks for payroll teams.
DailyPay's award-winning technology platform enables employees across multiple industries access to their earned pay before the traditional, scheduled payday.
Our research shows that companies can hire faster and retain employees longer when they offer DailyPay," said Jeff Moyer, chief revenue officer at DailyPay.
Specifically, DailyPay will receive time data from Infor WFM so employees can access funds instantly based on their timecard details.

DailyPay Extends Partnership With Oak View Group to 125 Venues Nationwide for Landmark Deal Including NBA and NHL Arenas

Retrieved on:

Wednesday, November 8, 2023

DENVER, Nov. 8, 2023 /PRNewswire/ -- Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries, and DailyPay, a leading financial technology company, today announced it has expanded the rollout of a first-of-its-kind OVG integration into venues across the U.S. The partnership will reach seven NBA and NHL sports teams and 125 venues across the country, and will bring DailyPay financial wellness benefits to all Oak View Group employees company-wide. The expansion comes following the regional-level launches of the program in select markets including UBS Arena at Belmont Park, NY, home of the NHL's New York Islanders; Xcel Energy Center, and the NHL's Minnesota Wild; and Toyota Center, and the NBA's Houston Rockets.

Key Points:

The partnership will reach seven NBA and NHL sports teams and 125 venues across the country, and will bring DailyPay financial wellness benefits to all Oak View Group employees company-wide.
OVG employees will also benefit from the platform's robust financial wellness tools, which include budgeting and savings features.
OVG, known for its exceptional management of world-class venues, including arenas, stadiums, and convention centers, is dedicated to enhancing the employee experience across its diverse portfolio.
In total, the partnership will reach approximately 65M+ fans in major venues across the U.S.

Retail Employees With DailyPay Pay Fewer Late Fees, Use Payday Loans Less, and Incur Less Credit Card Debt According to New Study From Arizent/Employee Benefits News

Retrieved on:

Wednesday, November 1, 2023

News, Target, Morale, DailyPay, Research

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- Retail workers are able to avoid such financially crippling fees associated with payday loans and late penalties, while amassing less credit card debt when they have access to the financial wellness benefit of DailyPay, according to new research from Arizent/Employee Benefits News.

Key Points:

With DailyPay, employees are able to access their pay as they earn it, instead of waiting for a scheduled payday.
With the power of choice and control over their earned wages, they can pay bills on time and live a better financial life.
The study included a survey of DailyPay users (those who have made at least one transfer in the last 90 days) and a survey of employers who offer DailyPay.
The user survey collected 10,283 responses, including 2,731 employees in the retail industry, and was conducted online August 17-31, 2023.

DailyPay Appoints Seasoned Finance Executive Ken Brause as Chief Financial Officer

Retrieved on:

Wednesday, November 1, 2023

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- DailyPay, a leading financial technology company, today announced that Ken Brause joins the company as Chief Financial Officer, reporting to CEO Kevin Coop. Brause will advance DailyPay's financial strategy and capabilities to accelerate company growth. Brause brings more than 35 years of financial services and fintech experience at companies of various sizes and stages of ownership and growth, and has extensive expertise overseeing companies through complicated capital markets transactions and transformations.

Key Points:

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- DailyPay , a leading financial technology company, today announced that Ken Brause joins the company as Chief Financial Officer, reporting to CEO Kevin Coop.
"Ken is an exceptional finance leader with a breadth of experience across strategy, financial and operational roles," said DailyPay CEO Kevin Coop.
Prior to joining DailyPay, Brause was Senior Advisor and Chief Financial Officer of NYSE- and AIM-listed Burford Capital, a leading global finance and asset management firm.
"I'm thrilled to be joining DailyPay at this pivotal time in the company's evolution, as it continues to grow rapidly and improve profitability," said Ken Brause.