Dayforce Wallet
On-demand access to earned wages, empowering employees with financial flexibility.
Executive Summary
Dayforce Wallet is a solution by Ceridian that provides employees with flexible access to their earned wages. It combines a digital wallet with a Dayforce Prepaid Mastercard®, allowing workers to access their pay on-demand, rather than waiting for traditional pay cycles. This empowers employees to manage their personal finances more effectively by providing real-time visibility into their earnings and gross-to-net calculations. The solution is integrated with Dayforce Payroll, meaning there are no additional costs for employers and no monthly fees for employees. It also features "streaming pay," which can automatically deliver earned wages to employees' wallets at the end of each workday, further enhancing financial flexibility and reducing the administrative burden associated with on-demand pay for employers.
Use Cases
- Employees needing immediate access to funds for unexpected expenses.
- Workers wanting to manage their cash flow more effectively between paychecks.
- Employers looking to offer a competitive benefit to attract and retain talent.
- Companies aiming to reduce the administrative burden of managing on-demand pay requests.
- Employees seeking real-time visibility into their earnings and deductions.
Features
Visibility
- Real-time Earnings View: Employees can see their gross-to-net earnings to date in real-time via the mobile app.
- Digital Wallet Management: Manage funds, view transaction history, and control the associated Dayforce Prepaid Mastercard®.
Technical Specifications
- Architecture
- Cloud-based platform integrated with Dayforce HCM and Payroll, utilizing APIs for data exchange.
- Deployment
- SaaS
- API Available
- Yes
Integrations
- Microsoft Outlook
Security & Compliance
Certifications: SOC 1 Type II, SOC 2 Type II, ISO 27001
Encryption: Data encrypted in transit and at rest, adhering to industry security standards.
Pricing
- Model
- Included with Dayforce Payroll
- Starting Price
- Included with Dayforce Payroll
- Target Customer
- Mid-Market,Enterprise
- Contract Type
- Annual (as part of Dayforce Payroll)
About Ceridian
Ceridian, now operating primarily as Dayforce, is a global provider of human capital management (HCM) cloud software. Its comprehensive platform offers solutions for payroll, HR, benefits, talent, and workforce management, simplifying the entire employee lifecycle.