SAN MATEO, Calif., May 16, 2017 (GLOBE NEWSWIRE) -- WageWorks, Inc. (NYSE: WAGE), a leader in administering Consumer-Directed Benefits (CDBs), announced a partnership today with SpotHero, the leading parking reservation service in North America. The first-of-its-kind offering enables commuters to book and pay for daily parking with pre-tax dollars through SpotHero’s mobile app. Anyone with a WageWorks Commuter Account, which allows commuters to use pre-tax funds to pay for parking at work, can take advantage of this new benefit. Using SpotHero, participants can find convenient parking garages near the office, compare rates and book a spot in advance using pre-tax dollars.
“WageWorks is always seeking new ways to help people utilize pre-tax benefits to save time and money on commuting,” said Joe Jackson, CEO at WageWorks. “We’re excited to partner with an industry leader like SpotHero to make parking easier for commuters who want a convenient way to book with pre-tax dollars on the go.”
“SpotHero is pleased to partner with WageWorks to make commuting more convenient and affordable,” said Elan Mosbacher, VP of Strategy & Partnerships for SpotHero. “As transportation goes multi-modal – with employees taking public transit one day, driving another and working from home the next – this partnership gives employees the flexibility they need when it comes to paying for daily parking with pre-tax dollars.”
Used by millions of drivers, SpotHero’s mobile app enables them to find parking in more than 5,000 garages and lots in more than 47 major cities – including New York, Los Angeles, Chicago, San Francisco, Denver, Washington DC, Boston and Philadelphia. Participants enrolled in a WageWorks Commuter Account will now have the same access to these garages and lots for their qualified commuter parking.
For more information on WageWorks Commuter Benefit Services, visit the WageWorks website. To learn more about SpotHero’s WageWorks offering, visit SpotHero’s site or enroll under payment settings in the SpotHero app.
About WageWorks
WageWorks (NYSE: WAGE) is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits. WageWorks makes it easier to understand and take advantage of Consumer-Directed Benefits for approximately 100,000 employers and approximately 6.5 million people. WageWorks is headquartered in San Mateo, California, with offices in major locations throughout the United States. For more information, visit www.wageworks.com.
About SpotHero
SpotHero, the nation’s leading parking reservation service, empowers drivers with easy parking at thousands parking garages, lots, and valets in major cities in the U.S. Launched in 2011, SpotHero has parked more than seven million cars. The company is headquartered in Chicago and has raised $27 million in VC funding.