Toronto, ON and Minneapolis, MN, February 23, 2022
Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced Dayforce Wallet Rewards, a new cash back rewards program for Dayforce Wallet, Ceridian's market-leading pay solution that enables employees to access their earned wages at any time.
Dayforce Wallet Rewards will automatically give users cash back when they shop at thousands of local and national retail stores across the U.S. with their Dayforce Prepaid Mastercard®. Ceridian developed Dayforce Wallet Rewards in partnership with Cardlytics, a leading digital advertising platform.
“With Dayforce Wallet, our vision is to reimagine how employees get paid through our industry-first, flexible pay solution that prioritizes financial well-being,” said Seth Ross, General Manager, Dayforce Wallet and Consumer Services, Ceridian. “Dayforce Wallet Rewards reinforces our commitment to continue delivering value to users by putting cash back on their Dayforce Cards.”
To earn cash back, users simply pay for products with their Dayforce Card as they normally would, and the cash back rewards will automatically be credited back to their card – without any coupons to clip or promotion codes to enter.
“As a company that has seen the impact of investing in employee well-being, we wanted to equip our great people with tools that would help them take ownership of their personal finances,” said Nancy Criscoe, Vice President, Organizational Development, The Budd Group. “Since implementing Dayforce Wallet, we’ve received overwhelmingly positive feedback as well as a high adoption rate. Not only that, but we’ve been able to leverage this unique benefit as a competitive differentiator in our recruiting efforts."
Dayforce Wallet Rewards will be available to all Dayforce Wallet users in the United States in the coming weeks.
Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Our platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, and our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to the future and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
This press release should be read in conjunction with the risks detailed in the “Cautionary Note Regarding Forward-Looking Information,” “Forward-Looking Statement”, “Risk Factors” and other sections of Ceridian’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and other filings with the Securities and Exchange Commission.
The Dayforce Prepaid Mastercard® is issued by Central Bank of Kansas City, Member FDIC, through Central Payments’ Open*CP Fintech API Marketplace and pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Certain fees, terms, and conditions are associated with the approval, maintenance and use of the Card. You should consult your Cardholder Agreement and Fee Schedule. If you have any questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 1-877-723-7434, 24 hours a day.