August 20, 2021
Spin Partners with Edenred for Employee Discount
As some workers get ready to return to the office, Spin is working with companies to give their employees more sustainable and affordable commute options.
Press
January 22, 2021
When Commuting Comes Back, the E-Scooters Will Be Ready
Micromobility company Lime is partnering with commuting benefits provider Edenred in anticipation of the post-pandemic surge in two-wheeled office treks.
June 18, 2020
Edenred Commuter Benefits Supports Representative Blumenauer’s Bicycle Commuter Act
The Bicycle Commuter Act of 2019, Introduced by Representatives Earl Blumenauer (D-OR), Vern Buchanan (R-FL), and Ayanna Pressley (D-MA), seeks to reinstate bicycle commuter benefits in Public Law.
June 4, 2020
Edenred Commuter Benefits Expands on the East Coast by Acquiring the RideECO Commuter Benefit Program
Edenred Commuter Benefits™, a leading provider of commuter benefits, announces the acquisition of the RideECO Commuter Benefit Program from the Delaware Valley Regional Planning Commission (DVRPC).
February 20, 2020
Edenred Commuter Benefits™ has been recognized nationally as one of the Best Workplaces for Commuters in 2020
Edenred Commuter Benefits™ is among a select group of workplaces in the United States that have achieved the Best Workplace for Commuters National Standard of Excellence by providing an array of commuter benefits, resulting in at least 14 percent of their employee base not driving alone to work within a 12-month period.
January 14, 2020
Edenred Commuter Benefit Solutions Praises the Repeal of Transit and Parking Benefits Tax
Edenred Commuter Benefit Solutions, which mission is to make tax-free commuter benefits an essential part of employee benefits packages nationwide, praises the repeal of a section of the 2017 Tax Cuts and Jobs Act that required tax-exempt organizations to pay a 21% Unintended Business Income Tax (UBIT) on parking and transit benefits provided to employees, which comes as part of the year-end spending and tax package signed on December 20, 2019.
Thousands of tax-exempt organizations including charitable groups, museums, houses of worship, universities, and hospitals were heavily impacted by the tax increase, in some cases having to pay up to millions of dollars to remain in compliance.
October 17, 2019
Edenred Commuter Benefit Solutions Provides The Services Needed To Comply With The Commuter Law In Washington, D.C.
Edenred Commuter Benefit Solutions offers the programs and support to ensure that Washington, D.C. businesses are in compliance with the city’s commuter law.
Recent news from the Department of Employment Services in DC stated that beginning November 14th, D.C. employers who are not in compliance with the law will be subject to fines.
Edenred Commuter Benefit Solutions is reminding employers that if they have any questions about compliance, now is the time to seek out experts to help without having to worry about costly violations.
August 5, 2019
Edenred Commuter Benefit Solutions Named Finalist for Prestigious 2019 Content Marketing Award
Edenred Commuter Benefit Solutions was recently named a finalist for the 2019 Content Marketing Award for Corporate Blog by the Content Marketing Institute (CMI).
The Content Marketing Awards, produced by the Content Marketing Institute, is the largest and longest-running international content marketing awards program in the world.
The Commuter Benefits blog provides thought leadership on the commuter benefits industry, and insights and tips for HR professionals to attract, engage and retain the best talents. The Commuter Benefits blog also provides helpful content for commuters and serves as a go-to resource to stay up to date with the most recent news and laws related to transit benefits and commute.
May 27, 2019
Edenred Mobilizes its 8,500 Employees on June 19 in Support of Local Communities
The group announces a worldwide partnership with the “Imagine” Project. On Wednesday June 19, 2019 Edenred’s 8,500 employees in 46 countries will spend their working hours supporting their local communities to celebrate Idealday. This day specially reserved for acts of solidarity was created in 2017, and puts into practice the Group’s three corporate social responsibility initiatives: Idealpeople, which aims to improve quality of life; Idealplanet, dedicated to the preservation of the environment; and Idealprogress, conceived for responsible value creation. On this occasion Edenred is launching a worldwide partnership with “Le Projet Imagine”, an NGO created by Frédérique Bedos. Convinced that “inspiration drives action”, this unique NGO has chosen “journalism with hope” as its editorial line. In particular, it highlights the “Humble Heroes” of the world. The challenge consists in taking advantage of the power of the media to spread the desire to act on a large scale and thus promote mass civic engagement.
April 22, 2019
NJ Residents Will Soon Be Saving On Their Commutes To Work
If you work in New Jersey, your commute may be getting less expensive in the next year or so. Earlier this year, New Jersey became the first state to mandate offering commuter benefits when Governor Murphy signed into law the New Jersey Senate Bill 1567. Joining large cities like San Francisco and New York City, New Jersey will be requiring employers to provide a pre-tax commuter benefit to their employees.
March 2019
Edenred Commuter Benefit Solutions Selected By The City Of New York (FISA-OPA) To Administer The City’s Employee Commuter Benefits Program
Edenred Commuter Benefit Solutions (ECBS), a leading provider of pre-tax commuter benefits, announced today that it has been selected by the The City of New York’s Financial Information Services Agency and Office of Payroll Administration (FISA-OPA) to administer and manage the City’s employee commuter benefits program.
February 2019
2018 Annual Results
Another record year fueled by double-digit organic growth in all regions and in all business lines. Download the full report
December 2018
A solution for Employers Offering Subsidized Commuter Benefits
Edenred Commuter Benefit Solutions offers an easy way to manage subsidized commuter benefits that will free up both time and resources, delivering true peace of mind for administrators.
Commuter benefits can be offered in a few different ways. As a pretax benefit, an employer-paid subsidy benefit, or as a combination of the two.
When the employer pays for the employee’s commuting costs as a subsidy, commuter benefits become a more powerful incentive to use transit which helps reduce traffic congestion, air pollution and improve the quality of life for everyone.
It also means greater savings which increases loyalty, boosts morale and gives employers the ability to attract and recruit talented employees.
October 2018
Choosing the Best Benefit Package Can Make a Lasting Impression
Offering a pre-tax commuter benefit program with Edenred Commuter Benefit Solutions is a great way to entice prospective employees to choose you over your competitors.
A pre-tax commuter benefit is when employees can have the monthly cost of their commute deducted from pay before taxes which means more take-home pay and for employers, saving on reduced payroll taxes.
How Employees Save in a Pre-tax Program?
When an employee enrolls in a pre-tax commuter benefits program, they will provide the amount of their monthly commuting cost for transit and/or commuter related parking up to the monthly limits. By using pre-tax dollars, employees are saving 40% on their commuting costs.
October 2017
Edenred On Track for a Record Year – Q3 2017 Revenue
Edenred Group, Europe – Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said: “Edenred’s third-quarter revenue performance confirms the relevance of our Fast Forward strategy and the Group’s ability to deliver sustainable and profitable growth. The period was marked by an acceleration of growth in Europe – commitment of our sales teams and the diversification of our suite of solutions are producing results – as well as by the good performance achieved in Hispanic Latin America. In this context, we confirm our organic growth targets for 2017, which is set to be another record year for Edenred in terms of revenue, operating EBIT and funds from operations.” Download the full report
September 2017
Edenred joins the Dow Jones Sustainability Index (DJSI)
The Dow Jones Sustainability Index (DJSI) is a collaboration between the Zürich based RobecoSAM, an asset manager specialized in sustainability investment and S&P Dow Jones Indices and was first launched in 1999. The DJSI was the first worldwide index to rank companies on the basis of their performance in the realm of corporate sustainability.
The index assesses businesses along three dimensions: economic, environmental and social, covering criteria such as governance, human resources policy, human rights and environmental impact.
January 2017
Commuter Benefit Solutions Recognized as a Best Places to Work for Commuters
Best Workplaces for Commuters recognizes employers who have met the National Standard of Excellence and provide high level benefits for their employees. Edenred Commuter Benefit Solutions is honored to accept this recognition for 2017.
