Benzinga - Stacy Greiner is the COO of Daily Pay – an industry-leading on-demand B2B payment solution. In this role, Greiner is responsible for both external and internal operations. She is among the notable Fintech professionals that will be participating in Benzinga's Fintech Deal Day event in NYC on Nov. 13.
Greiner joined DailyPay with a diverse background in engineering, product development, marketing and management. Most recently, she was general manager of the Sales and Marketing Solutions division of Dun & Bradstreet Holdings Inc (NYSE:DNB), where she was responsible for all Profit & Loss.
She also held senior executive roles at Cisco, IBM and Accenture, where she led globally diverse Product, Marketing, Engineering, and Data & Analytics organizations.
Greiner has a Bachelor's in Aerospace Engineering from Iowa State University. She also has an MBA from MIT Sloan School of Management. She sits on the board and serves as a member of the Audit Committee of Proto Labs, Inc. (NYSE:PRLB).
An Engineer At Heart Years ago, an article in Harvard Business Review argued that the best solutions to problems potentially come from other industries. This might be the case because people versed in analogous fields are not constrained by existing "known" solutions to the problem in the target field.
In a recent interview, Greiner confirmed this thesis.
"You can bring solutions from one industry into another and kind of more easily see what that simple answer might be," she noted, adding that her passion regarding engineering is about taking something complex and coming back with a very simple solution.
The product core of DailyPay is aligned with Greiner's stance. It is a simple yet powerful tool that gives consumers unprecedented control over their earned pay. Users can access their earned income immediately, with no hidden fees, making it usable, consumable, spendable, and savable, similar to the money already accessible in their checking accounts. This accessibility is available 24/7/365, from any device and transferable to any account.
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Transparent Approach is the Way Forward DailyPay doesn't charge employers to use the software or employees to open an account. Their entire cost structure charges $2.99 for an instant transfer or $1.99 for a transfer that takes a few business days. Even foreign employees have three ways to access their wages, two of which are free, while the third one is a flat fee.
Greiner believes that full transparency and simplicity are the way forward, and she hopes to put payday loaners (a practice that is already outlawed in 16 states) out of business.
"Getting paid should not be rocket science. It should literally be I work today, I get paid today. I'm pretty excited about that mission, and that's really what brought me here," Greiner said, emphasizing the ability to bridge the gap between work and payment in real time.
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