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Friday, June 15, 2012

7:30 AM - 8:30 AM
Track: Roundtable Café View Track

PUBLIC-PRIVATE PARTNERSHIPS TO PROMOTE ELECTRONIC PAYROLL (COMPASS PRINCIPLE: EMBRACE INCLUSION)

Jacob DuMez, SAN FRANCISCO OFFICE OF FINANCIAL EMPOWERMENT

Our presentation will focus on innovative municipal strategies to provide increased financial access and financial security through employer engagement and electronic payroll. A core example and discussion point will be our new direct deposit initiative, CurrenC SF, which is working with employers throughout San Francisco towards a goal of a fully electronic, paperless payday, helping to bring thousands of San Francisco households into the financial mainstream. 

Through this initiative we hope to build a successful model for how municipalities can partner with business associations, nonprofits, financial service providers, and workforce leaders to bring financial empowerment and financial access into the workplace. CurrenC SF is an extension of our pioneering Bank on San Francisco program, and has the potential to build financial security for working San Franciscans (reducing the use of check cashers and fringe financial services in the process), saving money and building productivity for employers, and helping the City to “go green” by reducing waste and pollution. 

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