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.
Under this 5-year contract, ECBS will administer the commuter benefits program for more than 61,000 participating City of New York employees. Additionally, ECBS will be staffing a walk-in customer service center in midtown Manhattan for City employees.
Products to be provided under this new agreement include the NYC Commuter Prepaid Mastercard®, Access-A-Ride, Park-n-Ride, and the Annual Transit Card. ECBS will be establishing new accounts for program participants in mid-April and will be managing the transition process. The transition to ECBS is scheduled to be completed by July 1, 2019.
"We are extremely pleased and excited for this opportunity," said Scott Burke, ECBS Director of Client Services and Project Lead. "As a company with a proven track record of success providing pre-tax transit and parking solutions for thousands of employees of small and mid-sized companies to large corporations nationwide, we're well positioned to support the City of New York and its employees. We consider ourselves true partners and look forward to bringing our wide breadth of experience and knowledge in managing commuter benefit programs to the City."
"New York City employees keep our City running, from ensuring the safety of our community to helping keep our streets clean, and so much more," said Maureen A. Murphy, Acting Executive Director of FISA-OPA. "We encourage all City employees to take advantage of this valuable benefit, and look forward to partnering with Edenred Commuter Benefits Solutions to help deliver high-quality customer service to our dedicated workforce."
The NYC Commuter Prepaid Mastercard may only be used for qualified commuter benefit purchases in accordance with IRS Tax Code 132(f). NO CASH OR ATM ACCESS. This card may not be used everywhere Debit Mastercard is accepted.
The NYC Commuter Prepaid Mastercard is issued by Central Bank of Kansas City, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
About Edenred Commuter Benefit Solutions
Edenred Commuter Benefit Solutions (ECBS) is a leading comprehensive commuter benefit solutions provider and number one resource for commuter savings. Since 1985, ECBS has served Fortune 100 and Fortune 500 companies and top third party benefit administrators.
Our B2B commuter services:
- Partners with over 50 national third party administrators (TPAs), 350+ Transit Agencies, 5,000+ parking locations and 650+ bicycle shops nationwide
- Transit, Parking, Vanpooling, Ridesharing, Bicycling
- All fare media and fare collection systems
- Small and large employers
- Corporate commuter benefits program administrator on behalf of transit agencies (managed program), including:
- RTA Chicago
- DVRPC Philadelphia
- MBTA Boston
The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.A., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.
FISA-OPA is composed of two City agencies. The Financial Information Services Agency (FISA) is a state-of-the-art information technology service center responsible for the critical City enterprise systems that provide financial and human resources/payroll functions to City officers, employees, and agencies. The Office of Payroll Administration (OPA) manages payroll check, pension check, and direct deposit distributions to all City employees and retirees.
SOURCE: Edenred Commuter Benefit Solutions