Dayforce, Inc. (NYSE: DAY), a global human capital management (HCM) leader that makes work life better, today announced two major milestones in the award-winning Dayforce on-demand pay experience, reinforcing Dayforce Wallet’s momentum in market and the value it delivers to employees.
Dayforce Wallet, the company’s flagship on-demand pay solution, has delivered over $5 billion U.S. through on-demand pay, early direct deposit, and paycard to employees. This achievement highlights the platform’s growing adoption and its critical role in providing employees with greater financial flexibility.
Additionally, Dayforce is expanding on-demand pay with new direct to bank capabilities, enabling employees to route their pay directly to any personal bank account – anytime during a pay cycle – simply and securely. With Dayforce’s differentiated direct to bank capabilities, eligible employees can take charge of their finances in a way that’s easy and tailored to their individual needs.
In today’s challenging economic climate, providing employees with easy access to available pay in between traditional pay periods is more important than ever, particularly as more than three quarters of American workers report they are living paycheck to paycheck. On-demand pay is a powerful financial tool that enables employees to tap into their available pay instantly, and as needed. In fact, 80% of Dayforce Wallet users surveyed in a recent SSRS Research Study report feeling financially empowered through access to on-demand pay.
DAY shares gained 66 cents to $79.22.
