Dec 08, 2021 / 04:50PM GMT
David D. Ossip - Ceridian HCM Holding Inc. - Chairman & CEO
Side. So that's the actual play.
And the benefit we're giving to the person is that as they're earning, they're just doing tremendously well there. They can go off and spend. And we'll get into, I guess, some of the metrics maybe in relation to the webinar, but we're seeing the typical user use the wallet over 30 times per month, right? So this is their top card in wallet. They -- effectively, they're pulling out about 1/3 of their earnings before the pay period. And then just a few months ago, we launched 2 day early direct deposit, which means, hey, change your direct deposit from your checking account to your Dayforce Wallet card, we don't have to go through the ACH system so we can fund the actual card immediately. The employee gets their money 2 days early, and we get more spend going through the actual cards as well. And next year, we're moving to streaming of pay, which means if I check the box, instead of having to say how much have I earned? I want to add $50 to my card every day or at the end of every shift or every event,
Ceridian HCM Holding Inc at Cannae Holdings Portfolio Conference Transcript
Jan 22, 2024
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