DailyPay, a worktech company, announced that its industry-leading earned wage access solution that supports the financial wellness of millions of workers nationwide has received Level 2 Certification based on the security requirements of the Texas Risk and Authorization Management Program (TX-RAMP).
As part of the Texas Department of Information Resources (DIR), the TX-RAMP program addresses the “security of commercial cloud computing products and services that process data for Texas state agencies.”
Identifying and deploying TX-RAMP-compliant technologies “helps state government officials manage risk in a cloud-based environment.”
Level 2 Certification is for confidential/regulated data “in moderate or high impact systems and is the highest level of TX-RAMP certification.”
DailyPay works with organizations across the country and “enables employees to access their earned wages on a daily basis instead of having to rely on monthly or biweekly pay cycles.”
DailyPay enhances employee recruiting, retention, and financial wellness “while integrating seamlessly with major payroll systems.”
Alexander Haig, Vice President of Public Sector at DailyPay said:
“We are honored to make DailyPay a reality for our nation’s civil servants. Our TX-RAMP certification is a meaningful milestone in the state of Texas, and another indication that DailyPay is ‘open for business’ for public sector organizations across the country.”
As covered, DailyPay, Inc. claims that it is “transforming the way people get paid.”
As a worktech company and the industry’s leading earned wage access solution, DailyPay uses a technology platform to help America’s employers “build stronger relationships with their employees.”
This voluntary employee benefit “enables workers everywhere to feel more motivated to work harder and stay longer on the job while supporting their financial well-being outside of the workplace.”
DailyPay is headquartered in New York City.
As reported recently, DailyPay, a worktech company and the leading provider of earned wage access, celebrates a significant milestone as South Carolina Governor Henry McMaster signed Senate Bill 700 into law on May 21, 2024.
This legislation received bipartisan support and “created a new license for earned wage access (EWA) products.”
Senate Bill 700 creates a new regulatory framework “to protect all EWA consumers while promoting innovation.”