Optimize your employee benefits program with Treezor

Faced with recruitment difficulties in certain sectors, employee benefits are a key factor in attracting and retaining talent. Applicants and company employees are indeed sensitive to these additional incomes, materialized in the form of meal, gift or holiday vouchers.

To obtain an effective employee benefits program, companies no longer hesitate to turn to specialized players such as Swile or Leeto that develop comprehensive and ready-to-use digital solutions. However, they are faced with banking authorization and license issues in the implementation of financial services. So how do they manage to combine technological advances, regulatory requirements and cost optimization? They rely on their ability to innovate and on the expertise of a regulated institution like Treezor to guarantee the reliability of their offers.
Let us explain.

What are the challenges of managing employee benefits?

Today, to design an effective employee benefits program, companies need to listen to the expectations of employees, human resources (HR) departments and the administration.

Digitizing HR procedures

Digital transformation affects many support functions, and HR is no exception. This department needs to automate certain tasks such as payroll or expense reports to focus on career management, recruitment or employer branding.

Employee benefits are also a time-consuming activity. For example, ordering and distributing meal vouchers or holiday vouchers can sometimes be tricky. In large companies, managers are responsible for distributing books of vouchers and collecting everyone’s signatures. The risk of loss or error increases even more during holiday periods.

It therefore seems essential to use a digital service to secure the allocation and monitoring of employee benefits. It generally simplifies use and reduces processing times. In addition, moving away from paper-based procedures reduces the company’s environmental impact.

Comply with employee benefits regulations in France

In France, all benefits granted to staff, such as services related to social and cultural activities, are governed by the Labor Code and subject to controls by Urssaf, which is responsible for collecting social security contributions.

In the case of meal vouchers, for example, the law imposes strict conditions for their allocation, issuance and use. They are granted to all staff members except those who do not work at mealtimes. They must mention the identity of the holder and the value of the voucher. Lastly, their validity is limited and their use is capped at €25 per day.

Urssaf and the tax authorities encourage the dematerialization of procedures without compromising on regulatory compliance. Thus, an issuer of digital meal vouchers must integrate an automatic blocking feature regarding the amounts spent, to comply with the daily limit.

Work with a payment services expert

To reconcile digitalization and regulation, why not partner with a certified payment services expert like Treezor? Employee benefits have a monetary value that can be managed using an X-Pay-enabled bank card or payment account. Employees then have access to a flexible and innovative service that they can manage freely.

The implementation of payment services requires the necessary authorizations and expensive technical developments. A regulated institution can assist you in the declaration to the regulator and card acceptance network phases. It can also provide you with reliable operational technology to incorporate within your employee benefits management solution.

What are the advantages of Treezor’s payment issuance program?

As a leader in Banking-as-a-service, Treezor offers a range of modular services for employee benefits.

A card program that complies with legislation

Treezor is an Electronic Money Institution (EMI) approved by the ACPR and a core member of the Mastercard network. Its scope of action covers 25 countries, including Germany, Spain and Italy.

To speed up the implementation of your employee benefits program, you can rely on Treezor’s solid experience with the regulator and its robust model with a modular API that is easy to integrate into your operating system.

You will then ensure your regulatory compliance, by complying with:

• anti-money laundering and countering the financing of terrorism (AML/CFT) measures;
• and the Labor Code.

Payment authorizations can, for example, be limited to a type of merchant or to a daily amount to correspond to applicable legal requirements.

A customizable solution

Share your ideas and problems with us, and we will offer you a tailor-made solution! Indeed, with Treezor’s Card Management System (CMS), which integrates the Dynamic Multi-Criteria Card (MDC), you can configure your card offer and the rules of use. You will thus manage:

• control of restrictions based on business specifics
• real-time management of the card authorization process.
• design customization…

An efficient and secure user experience

Quickly viewing the balance of their employee benefits in an account and being able to use it freely by means of a payment card are two sources of satisfaction for a company’s employees.

You can also consider issuing X-Pay-compatible virtual cards (Apple Pay, Google Pay) to facilitate online and in-store spending. Treezor masters card tokenization and guarantees a secure process.

A reliable and fluid user experience is a serious asset for recruitment, staff retention and employer branding.

An eco-responsible choice

Treezor’s solutions pave the way for the digitalization of employee benefits. This digital transition allows companies to save time and improve profitability, but also to display their environmental commitments.

A “paperless” approach for meal vouchers or holiday vouchers, combined with the issuance of virtual cards and contactless mobile payment, helps to reduce their carbon footprint.

Employee benefits: the success of Swile and Leeto’s card programs

Among the companies Treezor has supported, Swile and Leeto are two notable examples of success in the field of employee benefits.

Dematerialization of meal vouchers: the example of Swile

Swile decided to put an end to paper meal vouchers and to offer a simple, digital and flexible service based on the issuance of payment cards for employees.

To achieve its objectives and take advantage of an immediate go-to-market, Swile took advantage of Treezor’s banking license. The company was able to roll out its offer of X-Pay-compatible physical and virtual cards, with positive impacts for companies, employees and restaurant owners alike.

HR departments now save precious time and limit the risk of errors and loss of paper vouchers. Employees have greater freedom in the use of their benefits: online spending, contactless payment, payment to the nearest cent, etc.

Since 2021, Swile has had its own e-money license but is continuing its collaboration with Treezor.

Digitalization of services dedicated to CSEs: the example of Leeto

Leeto’s activity focuses on the services dedicated to a company’s CSE (Comité Social et Économique, i.e. Works council), a structure responsible for guaranteeing employees’ interests. Leeto has created an “all-in-one” platform that includes financial services such as bank account management.

Indeed, Treezor has made it possible to incorporate the payment component. A CSE can now open an account in less than 24 hours while respecting the usual KYC procedures and fraud management measures. 

Leeto simplifies administrative formalities and provides support to CSEs in the management of their prerogatives, unlike traditional banks that are most often unaware of the needs of this type of organization.