October 17, 2012 at 10:42 AM EDT
Commuter Check and Icon Parking Partner to Save New York City Commuters Money

Edenred (EURONEX: EDEN), provider of national commuter benefit programs Commuter Check and WiredCommute, with Icon Parking, New York City (NYC) largest parking operator, announced a partnership. This partnership will provide NYC commuters with preferential pricing on parking at participating Icon Parking locations. The pricing is only available to commuters enrolled in one of Edenred’s commuter benefit programs (Commuter Check or WiredCommute). Parkers who are eligible could save up to 50% off regular rates on monthly parking. These savings are in addition to what commuters can save by using pretax dollars through the use of a the Commuter Check and WiredCommute commuter benefits program.

“With monthly parking rates in excess of $500 per month in New York City we are excited to partner with Icon to deliver additional cost-savings to our participants,” said Gerard Bridi, CEO of Edenred USA.

The program will be available to both new and existing parkers of Icon Parking. The promotion works at more than 60 Icon Parking locations throughout Manhattan. With this program monthly Customers are also eligible for membership in Icon’s Preferred Customer Club Program where members receive 50% off all day, night and weekend rates at over 200 locations.

"We are excited to partner with Commuter Check to deliver affordable parking to New York City commuters," said Sheldon Mallah, Chief Operating Officer of Icon Parking. "By combining our locations and discounts with Commuter Check's pre-tax commuting benefits, Commuter Check customers can be assured that they are receiving significantly reduced monthly parking rates."

Information on participation in parking benefits can be found at www.commutercheck.com, or by contacting Commuter Check at 1-800-531-2828.

About Icon Parking:

Icon Parking Systems is the premier provider of parking services in New York City. The Company has been in business for more than 50 years and operates over 200 parking facilities in virtually all of Manhattan's most high profile, prestigious neighborhoods and business districts. Icon Parking Systems is on the forefront of providing unsurpassed value to city residents, commuters and visitors to the City's numerous restaurants, Broadway theatres and concert halls, event destinations, shopping outlets and medical facilities by continuing to deliver affordable parking and prompt and courteous service.

Edenred USA is a leader in innovative employee benefits solutions and premier provider of national commuter benefit programs: Commuter Check, a nationwide commuter benefits program provider; and WiredCommute, a private label program for third party administrators. Its mission is to make tax-free commuter benefits a staple in employee benefits packages throughout the American workplace – while helping protect the environment.

Edenred operates in 39 countries, with some 6,000 employees, nearly 580,000 companies and public sector clients, 1.3 million affiliated merchants and 36.2 million beneficiaries.

Contacts:

Edenred
Heather Choukri, 857-228-1440
heather.choukri@edenredusa.com
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