[Global] DailyPay announces enhancements to its Cycle payroll solution

Worktech company and On-Demand Pay provider DailyPay has announced that it is enhancing its Cycle solution, Fintech Finance News reports.

Cycle enables payroll teams to efficiently and cost-effectively disburse off-cycle payments anytime, anywhere. 

DailyPay says that enhanced Cycle, due to launch this summer, reflects the company’s continued commitment to creating innovative solutions that meet the evolving needs of its clients, including leading global employers.

“As off-cycle payments become a strategic priority for modern payroll teams, our updated Cycle product meets the need for speed, flexibility, and compliance—without requiring changes to existing systems,” Carly Brush - SVP and General Manager, On-Demand Pay and HCM, DailyPay - said. “Cycle is built for the way you pay—flexible, integrated, and ready to scale.”

The original version of Cycle reportedly enables same-day disbursements for scenarios such as termination pay, missed hours, and payroll corrections. It was designed to support one-time, urgent needs and everyday operational use as part of the payroll toolkit. Cycle will now build on the functionality of this critical solution with expanded capabilities and deeper integration, enabling it to seamlessly fit into complex payroll environments. The new enhancements reportedly include: 

• Increased Batch Payment limits supporting disbursements up to $50,000 per payment and 2,500 lines per file—up to $7M total. 

• Multi-Billing Accounts, which enable organisations to fund payments from multiple accounts in a single payroll cycle.

• Tiered Approval workflows, enabling secure, scalable controls across departments and pay types. 

Source: Fintech Finance News

(Quotes via original reporting)

Worktech company and On-Demand Pay provider DailyPay has announced that it is enhancing its Cycle solution, Fintech Finance News reports.

Cycle enables payroll teams to efficiently and cost-effectively disburse off-cycle payments anytime, anywhere. 

DailyPay says that enhanced Cycle, due to launch this summer, reflects the company’s continued commitment to creating innovative solutions that meet the evolving needs of its clients, including leading global employers.

“As off-cycle payments become a strategic priority for modern payroll teams, our updated Cycle product meets the need for speed, flexibility, and compliance—without requiring changes to existing systems,” Carly Brush - SVP and General Manager, On-Demand Pay and HCM, DailyPay - said. “Cycle is built for the way you pay—flexible, integrated, and ready to scale.”

The original version of Cycle reportedly enables same-day disbursements for scenarios such as termination pay, missed hours, and payroll corrections. It was designed to support one-time, urgent needs and everyday operational use as part of the payroll toolkit. Cycle will now build on the functionality of this critical solution with expanded capabilities and deeper integration, enabling it to seamlessly fit into complex payroll environments. The new enhancements reportedly include: 

• Increased Batch Payment limits supporting disbursements up to $50,000 per payment and 2,500 lines per file—up to $7M total. 

• Multi-Billing Accounts, which enable organisations to fund payments from multiple accounts in a single payroll cycle.

• Tiered Approval workflows, enabling secure, scalable controls across departments and pay types. 

Source: Fintech Finance News

(Quotes via original reporting)