22 August 2017
Find out more

Belgium's Edenred taps Clear2Pay for electronic luncheon voucher

07 September 2010  |  3939 views  |  0 Source: Clear2Pay

Clear2Pay, the international technology provider of next generation payment solutions for financial institutions and Edenred (previously Accor Services), world leader in prepaid service vouchers, today announce that a close collaboration between both companies has led to the launch of the first card-based luncheon voucher on the Belgian market.

The electronic voucher aims to replace today's paper-based employee benefit program and will be used for the payment of food expenses at retail stores and restaurants. The new payment solution makes use of dual interface technology. Edenred will issue the electronic voucher on behalf of its enterprise customers. Clear2Pay delivered the card program's expertise, technical specifications and Integri test tools.

For a smooth transition, Edenred has been working with its large retail customers to ensure that the luncheon voucher fits the existing (contact) payment infrastructure. Today, Edenred focuses on merchants and the catering industry who will both benefit from the card's contactless technology enabling faster and simplified payments. During three years, Edenred and Clear2Pay have been working on this new means of payment offering several advantages over the paper-based luncheon vouchers. Besides the obvious ecological benefits, merchants benefit from reduced administrative work and faster payments while consumers profit from improved convenience and security.

The program is fueled by a successful pilot conducted in 2009 by Edenred in the Belgian cities of Brussels, Antwerp and Namur. During one year, 950 employees from 15 companies have tried and tested their contactless luncheon voucher Ticket Restaurant® at 70 merchants.

Jean-Bernard Trussart, General Manager at Edenred Belgium states:"This is quite a prestigious project. Evidently, we have put great effort on quality and security, which are of outmost importance for our customers and their consumers, as well as for the merchants. For that reason, we banked on Clear2Pay, a company that really masters the ins and outs of card-based payments. During the development phase, they demonstrated competence and proven expertise, achieving a powerful card program in which we strongly believe."

Michel Akkermans, Chairman and Chief Executive Officer at Clear2Pay says: "Edenred is about to change the Belgian consumers' payment behavior and by doing so prepare the Belgian market for other added-value payment technologies. This is a true innovative project that builds on scalable, future-proof technology. Both companies were already involved in a two-year study, together with Belgian universities, investigating the replacement of luncheon vouchers with an alternative based on mobile phones equipped with Near Field Communication (NFC) technology."

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.abe-eba.euvisit www.dorsum.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12230 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10748 views comments | 22 tweets | 33 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10093 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9991 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
9883 views comments | 21 tweets | 34 linkedin