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WageWorks Named Winner in 10th Annual Pay Awards

(Thursday, February 11, 2016)

SAN MATEO, Calif.--- February 11, 2016 ---  Paybefore has selected WageWorks, Inc. (NYSE:  WAGE), a leader in Consumer-Directed Benefits (CDBs), as a 2016 Pay Awards winner in the Best Health Benefits Delivery category. For 10 years, the Pay Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for payments executives.

“We are always looking for ways to enhance the consumer experience and improve ease-of-use, and are honored that the WageWorks® Healthcare Card was recognized as a winner in the Best Health Benefits Delivery category,” said Joe Jackson, CEO of WageWorks. “We are dedicated to delivering a best-in-class customer experience and the WageWorks® Healthcare Card is just one of many solutions we offer to make Consumer-Directed Benefits easily accessible for millions of workers nationwide.”

WageWorks was selected by an expert judging panel that evaluated nominations from around the world.

“We’ve been recognizing excellence and innovation in payments for 10 years. Once again, we saw nominees from across the globe tackling payments problems with mastery and ingenuity,” says Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “From Silicon Valley startups to established powerhouses, the winners in this year’s competition reflect a dynamic industry with no sign of slowing its pace of expansion and change. We’re proud to recognize WageWorks’ contributions to advancing electronic payments.”

The WageWorks® Healthcare Card is the quick and easy way for consumers to use their healthcare benefit accounts to pay for eligible healthcare expenses. The WageWorks Healthcare Card was built with convenience in mind, as it's easily reloadable, and its smart feature automatically chooses the right benefit account funds are allocated from, such as their HSA or FSA.

WageWorks will now vie for Best-in-Category distinction, which will be announced during the Pay Awards ceremony on March 21 at the All Payments Expo. Visitors to Paybefore.com will have a chance to vote on Best in Category through Feb. 29. The outcome of this vote (counted as one-sixth of the total) will be combined with the five judges’ picks to determine Best-in-Category honorees.

About Paybefore

Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of media properties includes: Paybefore.com; Pay News; Pay Gov; Pay Week; Pay Op-Ed; Pay Magazine, Pay Awards Magazine and a global payments directory, Pay Connectavailable online. Visit us at www.paybefore.com

About WageWorks

WageWorks (NYSE: WAGE) is a leader in administering Consumer-Directed Benefits (CDBs), which empower employees to save money on taxes while also providing corporate tax advantages for employers. 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 58,000 employers and approximately 4.5 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.

For more information, contact:

Jill Gerig

Office: (415) 299-6600