Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
West Chester Township reviews Edenred Pay proposal to shift vendors toward virtual cards to reduce check fraud
Summary
At a township work session, Edenred representatives described a vendor-payments platform that would move vendors from checks to virtual cards and ACH, citing fraud mitigation, a 1% virtual-card rebate and an estimated 6–8 week implementation; trustees asked for more review and contracts will be brought to the board later.
West Chester Township staff and representatives from payment firm Edenred presented a proposal during a township work session to route vendor payments through Edenred Pay, a platform that would give vendors the option of being paid by virtual card, ACH or check and that Edenred says reduces check-related fraud and generates rebates.
The presentation, delivered by Rob Snyder, Edenred representative, emphasized fraud risk tied to mailed checks and promoted virtual cards as the most secure method. "We're estimating that the annual rebate the township will earn is somewhere between $226,000 per year. So as far as the net, somewhere in the $2,030,000 dollar range is roughly what we're looking at," Snyder said, describing the rebate and net-benefit estimate. Edenred staff also said virtual-card volume would earn a 100-basis-point (1%) rebate paid monthly.
Township officials said the platform would be integrated with the township's vendor setup in Tyler Technologies (referred to in the presentation as Tyler…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
