DailyPay Launches Prepaid Card, App for Employees Getting On-Demand Pay
/FinTech company DailyPay launched a general purpose reloadable (GPR) prepaid card and app called Friday that enables employees to receive instant, no-fee, on-demand pay transfers from employers who use the company’s on-demand pay platform called DailyPay.
Beyond that, the Friday app enables users to view and access their earned pay before payday, add the card to a mobile wallet, make purchases, manage their money and track their spending, according to a Wednesday (Sept. 7) press release.
“Friday exemplifies DailyPay’s continued focus on delivering modern pay strategies that improve the lives of our users,” DailyPay CEO Kevin Coop said in the release. “With Friday, DailyPay users have more flexibility and control over their financial futures than ever before.”
Created in partnership with Visa and The Bancorp Bank, Friday also includes a Visa card as well as access to fee-free Allpoint ATMs, per the press release.