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DailyPay Works With BMO to Offer Commercial Customers Earned Wage Access
BMO is partnering with DailyPay to provide earned wage access to employees of BMO’s commercial clients, providing real-time access to their wages as they earn them with the funds deposited in their direct-deposit account and available to them for immediate use.
“More than ever before, businesses require flexible digital payment solutions that reflect the changing economy and new expectations surrounding employees’ payment preferences,” said Andrew Harrison, Head of U.S. Digital Partners at BMO. “Partnering with DailyPay is one of the many ways we’re empowering our clients to help their employees by providing innovative and convenient payment solutions.”
DailyPay seamlessly integrates into employers’ existing payroll systems to allow their employees to access their earned but unpaid income on their own schedule. With the power of choice and control over their earned pay, research from Aite Novarca, commissioned by DailyPay shows that users can worry less about money and manage their finances better—and ultimately will stay longer with their current employer.
In addition, offering DailyPay can help BMO’s commercial clients gain a competitive advantage as it relates to hiring and recruiting in a historically tight labor market. Research from the Mercator Advisory Group, commissioned by DailyPay, shows that employee tenure increased by an average of 35% when they have the option for earned wage access.
“DailyPay is pleased to partner with top financial institutions like BMO to support their commitment to financial equity and inclusion,” added Kevin Coop, CEO, DailyPay. “Our partnership will put our highly sought-after benefit in the hands of more businesses and their employees, ultimately driving better financial outcomes for all.”
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Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced the launch of its offering to power stablecoin payments*. Integrated directly with Cross River’s real-time core, COS, the offering unifies fiat and stablecoin flows through a single, interoperable system—enabling companies to move value across chains and traditional rails, leveraging bank-grade compliance.
Tidalwave Raises $22M Series A, on Track to Reach 4% of U.S. Mortgage Market
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Emerging Market Opportunities: The Next Billion Customers | Freemarket, Fincra and Axiym | FF Virtual Arena #358
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Inside Citi’s AI Playbook: Curated Data and Transparent Decisions
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
WFIS 2025 – Indonesia: Countdown to the Nation’s Most Influential Digital Finance Gathering Begins
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Eleos Life Launches AI Voice Agent to Deliver 24/7 Customer Support
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