The ExpendiaSmart program is designed to optimize Italian employees' business travel expenses, before, during and after their trip. It is an "all-in-one" solution combining a payment card, a booking platform and an online expense account management system.
Thanks to Apple Pay, employee users of ExpendiaSmart will soon be able to pay for their business expenses directly with their iPhone or Apple Watch at all affiliated merchants and service providers equipped with a contactless payment terminal.
Security and privacy are at the core of Apple Pay. When employees use ExpendiaSmart with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and stored securely within the device. Each transaction is authorized using a one-time unique dynamic security code.
Edenred began offering Apple Pay to Ticket Restaurant card users in France and Spain in 2016. More than 400,000 employees in France and 100 000 in Spain can now pay for their meals with their iPhone or Apple Watch.
Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: "A pioneer and leader in the digital revolution, we are always looking for ways to provide additional value-added services to the users of our solutions, their employers and the members of our acceptance network. Just like their counterparts in France and Spain, employee beneficiaries in Italy will now be able to carry out value-added transactions thanks to Apple Pay, an easy, secure and private payment method."