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Unlocking Rewards for All
In a world where companies struggle to offer incentives that truly satisfy their employees and traditional benefits often miss the mark, a significant change is happening. Performance Bonus solves the pains of incentive and rewards scheme administration and delivery whilst also increasing companies’ Return On Investment(ROI).
Teaming up with B4B Payments since 2019, Performance Bonus specialises in delivering BONUS rewards through prepaid Visa / Mastercard products. These cards, accepted globally in over 30 million locations, comply with the UK’s taxation requirements.
David Burton, CEO of Performance Bonus Ltd, states, “Partnering with B4B Payments has created exactly the ‘win-win’ result we intended. For Performance Bonus, it has broadened our offering, already winning new clients, and for B4B Payments, it has opened up a ‘turn-key’ solution through us into the incentives and rewards market”.
To date, Performance Bonus has successfully administered over £20 million in rewards through various programs, including Business (B2B) promotions, in-house sales incentives, and staff recognition initiatives.
Physical and Digital Channels and Personalised Gifts
Experts in leveraging accessible digital channels, Performance Bonus ensures effective communication and delivery of incentive programs. This extends to embedding the reward payment solution into clients’ Intranets/Apps or their BONUSme Microsoft Azure Hosted application.
Clients can either outsource their complete programme fulfilment through Performance Bonus or have direct access and control of their brand solutions using their systems and support as required.
Building a Collaborative Culture: click as a team
The Performance Bonus success story includes helping a lead client dominate the motor finance incentive space for over a decade. This was achieved through a bespoke incentive solution that evolved to reward salespeople based on customer satisfaction and NPS score achievement via a branded prepaid card solution.
To achieve Performance Bonus’ potential, they found B4B’s flexibility, capability and approach enabled them to
- Create a core ‘non-cash’ compliant, contactless prepaid product in the Mastercard ecosystem.
- Future-proof their product for GooglePay/ApplePay (using B4B’s one-click adoption)
- Quickly and cost-effectively launch co-branded prepaid cards for their clients, featuring either the clients’ branding or an ‘off the shelf’ BONUS card.
- Provide their clients with the choice of both eco-friendly plastic cards and/or virtual cards.
- Use API access to build client-branded cardholder applications and incorporate them into our own Microsoft Azure-hosted Bonus Administrator app.
David Burton continued, “We had experienced a couple of ‘false starts’ with other possible partners, but the ‘can do’ attitude at B4B has made the creation of our joint offering a real pleasure to be involved with”.
Conclusion: Paving the Future of Rewards
Together, Performance Bonus and B4B Payments have built the strategic asset that Performance Bonus sought by adding compliant prepaid capabilities alongside their performance measurement and rewards administration offerings.
Tim Robson, Account Director at B4B Payments, expresses optimism for the future, stating, “It’s really good to see the incentive and reward products we have created together working so well, and with much of the market turmoil of the last few years hopefully now behind us, we wish Performance Bonus every success in our partnership moving forward”.