Matthew Kopko | Source | Vice President of Public Policy at DailyPay at DailyPay
Matthew Kopko
Matthew Kopko is the Vice President of Public Policy at DailyPay, Inc. He graduated from Princeton University, with a Bachelor of Arts degree in Economics. He went on to have JD and MBA in Law and Business at the University of Chicago. Before working for DailyPay, he was the Director of Public Policy at Bird, an associate at Cooley LLP, and a Counselor to the Deputy Secretary and Special Advisor to the Secretary to the US Department of Transportation.
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While each experience is unique, through user reports on amounts saved, we estimate that the average worker saves about [$99] per month by having access to an on-demand pay service. Our study determined this number by asking workers how much they were spending on things like overdraft fees, late fees and payday loans before and after using DailyPay. Controlling for users who have had access to the service for a considerable people of time, the savings are substantial.
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The 'Save' function we created at DailyPay as part of our industry-leading on-demand pay platform allows users to allocate money to savings, free of charge, either every day, every week or as needed. For many, this will be the first time they have ever started a savings program, embarking on the road to financial security at a time it's needed most.
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The COVID-19 Pandemic Has Motivated A Majority Of Americans To Save Money For The Future
/PRNewswire/ -- The devastating effects of the COVID-19 pandemic have motivated a majority of Americans to save money for the future, according to a new survey...
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Conference Report: On-Demand Pay Programs May Find Niche in Virus Crisis
On-demand pay, a growing payroll trend that allows early access to earned wages, may find increased use by workers who need quick access to cash to buy masks, hand sanitizers, special gear, and supplies during the coronavirus crisis.
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INSIGHT: On-Demand Pay—Technology, Employees Are Ready for Daily Pay
In a world of high-technology and instant payments, forcing workers to stretch their modest pay for weeks at a time is being cast aside as the relic of a bygone era. Matthew Kopko, vice president of public policy for DailyPay, says technology enables employers to cheaply, easily, and responsibly offer employees the ability to get paid daily and examines the principles that can make it work.
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DailyPay
Vice President of Public Policy at DailyPay