DailyPay is a provider of earned income software that integrates with large companies’ payroll and time management systems. DailyPay strengthens the employee-employer bond through a unique pay experience, called PayEx™, which leads to increased employee engagement and retention, with minimal effort and with no cost to the employer.
The PayEx™ platform provides a frictionless, digital experience at every stage of the employee lifecycle. Today’s employees have frictionless on-demand experiences with everything in their personal lives, from cars to coffee, vacations, food delivery and more. Your workforce increasingly wants the same relevant, convenient, and engaging experiences they have outside of work to be replicated on the job. PayEx™ delivers a pay experience that gives your employees on-demand earned wage access and the ability to save before payday, so they can pay bills and budget intelligently.
PayEx™ products include Pay, Save, Cycle, and Reward. Pay gives employees instant access to their pay. Worked eight hours on a Tuesday? Employees can get paid right after their shift on the same day. Save enables employees to take a pay advance and save for the future by putting part of it in their personal savings account. Cycle allows employers to manage off-cycle payroll payments. Have an employee who’s leaving the company? Easily disburse their final paycheck. Reward enables employers to send spot bonus award payments and company-paid incentives to their employees.
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