Employee benefits are often linked to local legislation and government policies which restricts the access and spend of the benefits in various ways. This requires the benefit provider to manage complicated programmes with different buckets of money based on the different rules for each benefit, such as child care, transport, meals and entertainment.
EML works with Human Capital Management, Payroll, HR and other leading software providers to distribute a white-labelled, digital or physical card which is specifically configured to comply with all local tax and other legislative requirements.
The solution utilises EML's ControlPay feature to create unique profiles for each bucket of money attached to the one employee account or card. This multi-wallet technology removes the pain from HR and Finance teams, with easy to set up rules for the taxable and non-taxable spending components which meet compliance and reporting requirements.
The employee also enjoys a frictionless experience with a one-tap payment solution for spending their tax-free and taxed earnings.
- Allows your employers to offer a seamless employee benefit experience.
- Employees can take advantage of their benefits and tax-free allowances.
- Online portal allows for the online ordering of cards and ability to reload reloadable cards.
- Online portal also provides employer with access to dashboards, data, and full reporting.
- Card can be used at any retailer where Mastercard® is accepted.