| PAYjr, Inc. | |
| Slogan | Earn Smart - Spend Smart |
|---|---|
| Type | [[Company_Type:=Corporation|Corporation]] |
| Founded | [[Year_Started:=2004|2004]] |
| Founder | David S. Jones |
| Headquarters | Template:Country data US [[City:=Dallas|Dallas]], [[State_Name:=Texas|Texas]], [[Country_Name:=United States|USA]] |
| Key people | [[Key_Person1:=David S. Jones|David S. Jones]], CEO Matthew P. Frye, President |
| Industry | [[NAICS_Code1_Title:=Prepaid Teen Card|Prepaid Teen Card]] [[NAICS_Code2_Title:=Parenting|Parenting]] |
| Products | PAYjr Prepaid MasterCard, PAYjr VisaBuxx, PAYjr Chore and Allowance |
| Employees |  23 (2007) |
| Parent | www.payjr.com |
| Subsidiaries | www.payjrcorp.com |
| Contact | 2591 Dallas Parkway, Suite 501 Frisco, Tx 75034-0000 214.618.7050 [http://www.PAYjr.com PAYjr website] |
| Reference | NAICS: 32311, 32312 Region: [[Region1:=Denton County|The OC]] Latitude: 35°01'10.59" Longitude: -90°01'30.35" |
PAYjr was officially founded in August of 2004 but development started on PAYjr in September of 2001. The company started with the idea of solving the problem of today’s youth not being able to buy things online in a safe and effective manner. Once the problem was analyzed, it was realized that not only was there not safe place online for kids and teens to make purchases but there was also a lack of financial tools. Several years of sleepless nights and a million lines of code later, PAYjr is now a leader in the industry, providing the world’s first online allowance and chore management system along with innovative hands-on tools such as the PAYjr Prepaid MasterCard and PAYjr VisaBuxx Card, which are leading prepaid debit programs for teens.
Company Timeline
Sept 2001 – Idea to create child safe online store is developed
Jan 2002 – PAYjr domain name registered
April 2002 – PAYjr put on “back burner” because Venture Capital cannot be raised
Aug 2004 – PAYjr, Inc. officially incorporated in Delaware
April 2005 – PAYjr business plan wins 1st Annual SMU EMBA B-plan Competition
April 2006 – PAYjr Chore and Allowance System Launched to public
July 2006 - $2.5 Million in venture capital raised
Nov 2006 – PAYjr Prepaid MasterCard Launched
PAYjr, Inc. is headquartered in Frisco, Texas, a suburb of Dallas and continues to focus on providing smart, practical and easy-to-use online tools that help parents teach children about money management and budgeting. PAYjr also works closely with banks, credit unions and major youth brands to help create market differentiation with branded and co-branded PAYjr programs. PAYjr supports these institutions in their efforts to educate consumers on a wide range of financial management topics, while driving new accounts and increasing deposits.