Gary Pearcy, Wells Fargo Veteran, to Lead Payments Team in Minneapolis
NEW YORK--(BUSINESS WIRE)--DailyPay, the leading provider of the daily pay benefit — a benefit offered through employers that allows employees to receive instant access to their earned wages — today announced the appointment of Gary Pearcy as Vice President of Payment Operations. Pearcy comes to DailyPay after more than a decade of innovation at Wells Fargo, most recently as the Chief Operating Officer for the bank’s merchant services division. Pearcy will oversee DailyPay’s rapidly growing technology and payment operations from the company’s new regional office in Minneapolis.
Pearcy’s hire reinforces the importance of security, reliability and scalability as DailyPay continues to establish itself as the leader in employee-centric on-demand wage access. As the category continues to separate neo-payday loans from compliant and transparent wage access, Pearcy brings essential financial service experience in payments as well as retail. He will report to DailyPay’s Chief Financial Officer, Ron Munkittrick.
“Gary has a deep understanding of payment systems, networks and operational process,” said Munkittrick. “He’s with us to make sure that DailyPay works seamlessly, whether at a company with 500 employees or 50,000. He’s a great addition to DailyPay.”
“DailyPay is the evolution of the financial services business,” Pearcy said. “Throughout my career, I’ve seen a lot of innovations in the payments space. We can pay for things faster and more securely. But DailyPay is the breakout company in a whole new area. Now we’re innovating in getting paid, not just paying out. I’m happy to be part of it.”
Pearcy comes to DailyPay with expertise in systems integration, risk management, product and software development life cycles, and business systems quality (Six Sigma). He is a West Point graduate and Army veteran. He prides himself on promoting a culture of diverse values, inclusion, innovation and visionary thinking. He lives with his wife in Minneapolis.
DailyPay, the leading provider of the daily pay benefit — a benefit offered through employers that allows employees to receive instant access to their earned wages, works across a wide range of industries, including quick service restaurants, hospitality, retail, healthcare and other services. One in six Americans now has access to DailyPay through our trusted payroll service partners, including ADP, Paycor, Alight, SmartLinx, Netspend and other HR and payroll technology providers, who offer the daily pay product to their customers. With DailyPay, employees can pay bills on time and avoid late fees, helping them to reach their financial goals. Companies have reported that DailyPay increases employee engagement and retention and helps to support recruitment. DailyPay is backed by leading venture capital firms and world-class strategic investors. The company is headquartered in New York.