BenSoft Teams With WiredCommute To Launch New Service For Providers Of Pre-Tax Transportation Benefit Plans

Expanded Solution Gives Third Party Administrators and Employers Full Range of Commuter Products for Employees

SAN DIEGO, CA-April 4, 2006- BenSoft, Inc., the leading provider of automated flexible spending account software, today announced a partnership with WiredCommute, a North American subsidiary of Accor Services. The agreement calls for the delivery of an expanded flexible spending account program that includes full range of commuter products, including fare cards, transit vouchers, direct pay parking, and parking vouchers.

Architected as a Web-based service with no additional software to install or maintain, this flexible spending account service is available today for Third Party Administrators and businesses wishing to extend Section 132 (f) commuter benefits to their employees. With the new offering, participants can use their pre-tax funds from their flexible spending accounts to purchase WiredCommute products online and have them delivered directly to their home address each month. 
"With the continued support of our enterprise and TPA customers, we are committed to helping them achieve real cost savings, while allowing their clients to get the most from their flexible benefit plans," said Tom Horan, BenSoft's founder and CEO. "We appreciate that our customers place their trust and confidence in RepayMe to manage the critical operations of their flexible benefits programs. We will continue to provide innovative technology and first-class customer service to support their efforts."

BenSoft has developed a common platform for the WiredCommute transportation benefits administration program. By automating this program, the delay in claims processing has been eliminated and plan administrators have instant access and updates to flexible spending account balances and activity. Further, administrators can eliminate or dramatically reduce costs associated with manual administration of transportation benefits.

"We are committed to providing our TPA and corporate customers the most comprehensive and cost effective transportation benefits program available today, and our collaboration with RepayMe has allowed us to meet their growing needs," said Gerard Bridi, president of WiredCommute. "By integrating the real-time, Web based flexible spending account program provided by RepayMe, our customer experience becomes even more simple, convenient, and easy to use."

"Vital to our success and our customer's success is the selection of partner organizations who strive to deliver world-class products and practices to their customers," commented Tom Horan, BenSoft's founder and CEO. "WiredCommute is the clear leader in transportation benefit services and offers the expertise, technology, and flexibility to meet the needs of progressive businesses."

About Wired Commute
WiredCommute is a North American subsidiary of Accor Services, a $9 billion global leader in providing employee services to more than 19 million people daily in 34 countries. WiredCommute is the only company nationwide that is dedicated solely to the specialty of transportation benefits, and serves more than 245,000 participants on a monthly basis. Founded in 1999, WiredCommute has offices in Boston, Chicago, and San Francisco.

About BenSoft, Inc.
Founded in 1991 and headquartered in San Diego, CA, BenSoft develops and markets RepayMe.com, an ASP-based benefits administration software solution designed specifically for Third Party Administrators and self-administrating employers seeking a cost-effective reimbursement account administration solution. RepayMe is the 100% Web-based software solution that provides an integrated real-time debit card option, online Participant Claim Entry, Employee Self Service, Employer Self Service, and a Business Processing Outsource (BPO) option for FSA/HRA/HSA management. BenSoft provides innovative benefits solutions to companies ranging in size from 250 to over 250,000 employees. 

###

BenSoft and RepayMe are registered trademarks of BenSoft, Inc. Other company and product names may be trademarks of their respective owners.