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Edenred Wins 2013 CIO 100 Award for Commuter Benefits Smart Technology Platform


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BOSTON--June 12, 2013: IDG's CIO magazine recently announced Edenred USA as a recipient of the 2013 CIO 100. The 26th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).

“This innovative platform is the first offering in the commuter benefits industry that provides capability levels previously unheard of to employers and participants. Time frames for client ramp up and product implementation are now significantly shorter with platform customizations taking only hours rather than months.”

Edenred is the nation's only comprehensive commuter benefit solutions provider. Its primary services, Commuter Check® and Wired Commute®, offer a wide range of business solutions that go from voucher, debit card and direct commuter pass distribution, all the way up to electronic loading and integrated white-label commuter programs for large TPA's.

Edenred developed and launched their FCN-3.0 (Flex Commute Network) in an astounding 18 month time-frame, becoming the industry's first total self service, private labeled, IRS section 132(f) compliant commuter benefits portal. The solution offers desktop, tablet and mobile device support, and is integrated with 300+ public transit agencies, 5000+ parking facilities, vanpool/carpool/ride matching providers, and bike shops. The employee interface encourages self-order placement and order-status checks, personal claim filings, and the identification of qualified local parking or transit providers.

The FCN-3.0 technology has also revolutionized the entire product ordering process for participating employees. With "smart" transit provider suggestions based on an employee's home zip code and parking provider suggestions based on an employee's office zip code, there are now fewer clicks per order, faster checkouts and an overall, more pleasurable user experience.

Niraj Jetly, Senior Vice President --CIO/COO, exclaimed, "This innovative platform is the first offering in the commuter benefits industry that provides capability levels previously unheard of to employers and participants. Time frames for client ramp up and product implementation are now significantly shorter with platform customizations taking only hours rather than months."

"For 26 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value," said Maryfran Johnson, Editor in Chief of CIO magazine & events. "Our 2013 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage."

Executives from the winning companies will be recognized at the CIO 100 Symposium & Awards Ceremony, to be held Tuesday evening, Aug. 13th at The Broadmoor in Colorado Springs, Colorado.

Edenred USA is the premier national provider of the comprehensive commuter benefit solutions Commuter Check® and Wired Commute®. Edenred offers more than 1,600 different transit pass options for 320 transit agencies across the US, as well as products for more than 5,000 qualified parking, vanpool, carpool, ferry and bicycling providers. With proprietary IRS compliant technology, Edenred offers a wide range of small to large business solutions that range from voucher, debit card and direct commuter pass distribution, to electronic loading and integrated white-label commuter programs that can accommodate even the largest TPA's. After well over 20 years, Edenred continues to serve in making commuter benefits a staple in employee benefit packages nationwide.

Edenred SA is the world leader in prepaid corporate services, operating in 40 countries and serving nearly 38 million beneficiaries.

About the CIO 100
The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges' recommendations and voted on the final 100.