PayFair - Vouchers Advantages

The advantages of electronic
meal vouchers are well known:

For employers:
- An immediate and important reduction in
  administrative costs and hassle. To put it very
  simply the employee/worker will be entitled to a
  specific and personal payment card for meals.
  With this, he/she may settle their 'food' purchases
  by an online meal voucher account, which the
  employer credits monthly with the employee/worker
  entitled to meal vouchers. Thus, we end the
  requirement of having to make up monthly 'paper'
  meal vouchers and having to give them out to
  staff/employees whilst meeting a multitude of rules
  and precautions on safety. The management and
  monitoring (electronic) are also much easier and far
  more efficient.
For workers:
- A benefit for staff when they can now pay faster and
  more easily to fund their purchases at stores with
  their meal vouchers (electronic), without the risk of
  loss (the card can be blocked very quickly) or
  forgetting to use it (5% of 'paper' meal vouchers
  are never used!). In addition there is the opportunity
  to view the balance still available online.
For merchants/retailers:
- There is an immediate and significant reduction in
  costs and administrative hassle. Furthermore, one
  dispenses with the requirement of having to keep
  accounts and pass on all monthly 'paper' meal
  vouchers to issuers, with the many costly
  mandatory security measures. Now one has a much
  faster transaction (better productivity) and any delay
  in making payments to the retailer significantly
  reduced (max. D+2 bank working days). There is
  also the possibility of much better electronic
  tracking.
For the environment:
- Everything today is going electronic. Therefore in
  addition to the high cost of printing 'paper' meal
  vouchers, there is the need to provide transportation
  for 'paper' meal vouchers from the issuer to the
  employer, from the employer to the worker, and from
  the merchant to the issuer.

For employers:

An immediate and important reduction in administrative costs
and hassle. To put it very simply the employee/worker will be
entitled to a specific and personal payment card for meals.
With this, he/she may settle their 'food' purchases by an
online meal voucher account, which the employer credits
monthly with the employee/worker entitled to meal vouchers.
Thus, we end the requirement of having to make up monthly
'paper' meal vouchers and having to give them out to
staff/employees whilst meeting a multitude of rules and
precautions on safety. The management and monitoring
(electronic) are also much easier and far more efficient.

For workers:

A benefit for staff when they can now pay faster and more
easily to fund their purchases at stores with their meal
vouchers (electronic), without the risk of loss (the card can be
blocked very quickly) or forgetting to use it (5% of 'paper'
meal vouchers are never used!). In addition there is the
opportunity to view the balance still available online.

For merchants/retailers:

There is an immediate and significant reduction in costs and
administrative hassle. Furthermore, one dispenses with the
requirement of having to keep accounts and pass on all
monthly 'paper' meal vouchers to issuers, with the many
costly mandatory security measures. Now one has a much
faster transaction (better productivity) and any delay in
making payments to the retailer significantly reduced (max.
D+2 bank working days). There is also the possibility of much
better electronic tracking.

For the environment:

Everything today is going electronic. Therefore in addition to
the high cost of printing 'paper' meal vouchers, there is the
need to provide transportation for 'paper' meal vouchers from
the issuer to the employer, from the employer to the worker,
and from the merchant to the issuer.
The various professional retailer associations remain - now
and always - concerned about a problem:
the very high transaction costs of electronic meal vouchers
charged by the dominant operators in the market. These stem
from the fact that with the migration of 'paper' meal vouchers
to electronic meal vouchers these operators no longer benefit
from some very profitable revenue streams (think about the
5% of 'paper' meal vouchers that are never used, and the
very long delays in payment for retailers).