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Corporate Payment improves the management of inter-company cash flows traditionally made through checks or transfers.
Today’s virtual card technology and private payment networks represent an opportunity for Edenred to break into the fast-growing global corporate payment market. As an ecosystems administrator, the Group wishes to capitalize on its ability to issue virtual cards and manage bank transfers, its sales and marketing expertise and its knowledge of payment regulations.
Since March 2017 Edenred proposes an accounts payable management solution that enables organizations to automate all of their transactions and reduce their costs. The first initiative to be marketed under the Edenred Corporate Payment brand, the new solution includes the use of payment by virtual card.
In November 2018, Edenred announced the acquisition of the American company CSI, one of the leading providers of automated corporate payment software in North America, thus entering a market experiencing fast-paced digitization.
PrePay Solutions, a competitive edge for Edenred
Jointly owned by Edenred and MasterCard, PrePay Solutions is an authorization and reimbursement platform that handles large transaction volumes on behalf of the Group and provides insight into ways to develop its prepaid services. Its expertise in digital payment technologies gives Edenred an advantage in terms of expanding this activity. PrePay Solutions has already signed major contracts for virtual cards with market-leading players.
PrePay Solutions is managing the new Prepaid Optimum Card in the United Kingdom on behalf of MasterCard - no bank account or checkbook needed.
Motivation and rewards
Edenred's Incentive and rewards solution includes rewards programs under the Ticket Compliments and Ticket Kadéos brands: gift cards, gift vouchers, electronic gift vouchers, gift boxes, gift catalogs and more.
Marketing services that cover the design and management of incentive programs and advice on technology platforms, program analysis tools and rewards.
Edenred’s Ticket Xpress is the leading paperless voucher system in Taiwan. It is used by more than 60 brands to send offers (products or discounts) to customers in the form of e-vouchers. These offers are also distributed by a broad network of partners, such as banks and loyalty or employee benefits programs. Delivered directly onto the mobile in a text message, by e-mail or by dedicated applications, the Ticket Xpress vouchers are used by scanning the bar code directly in the store. The latest groups to offer this service to their customers include Carrefour, one of the world’s top retailers, and Watson, the leading retailer of care and beauty products in Asia and Europe.
Edenred also provides companies with relationship marketing services via its Accentiv’ program, which includes consulting services, relational data analysis and rewards program management.
Public social programs
At a time of fiscal tightening, governments and local authorities are seeking solutions that ensure the effectiveness of their policies and the proper distribution of social assistance. Edenred designs secure solutions that give citizens purchasing power for specific purposes.
These solutions guarantee the security, transparency and traceability of social assistance and cover an array of areas such as food, education, human services, agriculture and transportation.
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The aim of this program is to distribute and oversee the food subsidies made available to disadvantaged students in Chile by the public authorities.
This solution helps individuals in precarious situations purchase essential goods.