DailyPay launches Friday™, GPR card and mobile app, enabling instant on-demand payment transfers at no cost
With Friday by DailyPay™in partnership with Visa® and The Bancorp Bank, users can make daily payments with free on-demand instant payment transfers, make purchases and track expenses in one place
The new product underscores the pay-on-demand company’s commitment to change pay for good
NEW YORK, September 7, 2022 /PRNewswire/ — DailyPay, a leading financial technology company, today announced the launch of Fridaya new reloadable General Purpose (GPR) prepaid card and app, which unlocks instantly at no cost1 On-demand salary transfers for DailyPay users. Friday, created in partnership with Visa, the global leader in digital payments, and The Bancorp Bank, Member FDIC, is designed to help the everyday worker take control of their finances. With the Friday application, users can view and access their earned pay before payday, add the card to their mobile wallet (Apple Pay, Google Pay, and Samsung Pay), have the ability to make in-store and online purchases, manage their money and track their spending, all in one mobile app.
Now with Fridaythe DailyPay solution brings financial transparency and control to millions of Americans. Friday offers a vital solution to help manage cash flow and expenses, especially for those who are unbanked or underbanked.
“Friday exemplifies DailyPay’s continued focus on delivering modern payment strategies that make life better for our users,” said Kevin Coop, CEO of DailyPay. “With FridayDailyPay users have more flexibility and control over their financial future than ever before.”
Designed with flexibility in mind, Friday offers the benefits of an account with no minimum balance requirement and no maintenance fees. Users also get their own Visa card for purchases and access to more than 55,000 free Allpoint® ATMs nationwide. Users can take their Friday card and continue to access the Friday app even though they no longer work for a company offering DailyPay.
Friday by DailyPay™ Visa® Prepaid Card is issued by The Bancorp Bank, Member FDIC, pursuant to license by Visa UNITED STATES Inc. and can be used anywhere Visa debit cards are accepted.
About Daily Pay
DailyPay, powered by its cutting-edge technology platform, is on a mission to create a new financial system for everyone. DailyPay offers the industry-leading on-demand payment solution with modern, insight-driven compensation strategies that help leading US employers activate their workforces and build stronger relationships with their employees so that they feel more engaged, work harder and stay longer. With its extensive data network, proprietary funding model and connections to over 6,000 banking system endpoints, DailyPay ensures money is always in the right place at the right time for employers. DailyPay is headquartered in New York Citywith operations based in Minneapolis. For more information, visit www.dailypay.com/press.
1Requires employer participation in DailyPay and choice to deposit advance transfers and set Friday Card direct deposit.