Source: Santander Bank
Santander Bank, N.A. is teaming up with global financial technology company DailyPay, Inc. to offer an on-demand pay benefit for its Commercial Banking clients in the U.S.
Through DailyPay, Santander’s Commercial Banking clients can provide employees immediate access to their pay as they earn it. A user’s earned pay can be transferred to the account of their choice and is available to use in real time at any point in the payroll process.
“Clients are increasingly interested in digital products and services that will simplify their banking experience, help them manage their workforces and build their businesses,” said Joe Abruzzo, Head of Commercial Banking for Santander. “Providing transparency and access to earned pay through this offering with DailyPay will serve as an impactful tool for our business clients who can now offer employees a simple and convenient way to manage their finances.”
This collaboration is another step forward in Santander’s efforts to expand digital capabilities and deliver flexible solutions based on the needs of clients and emerging technologies.