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Prepaid Expense debuts PEX Visa prepaid card for employee spend management

Friday 10 October 2008 15:19 CET | News

US card services provider Prepaid Expense has launched the PEX Visa prepaid card, as part of a prepaid card programme for employee spend management within small and medium sized businesses.

Issued by the Bancorp Bank, PEX cards allow for organisations to fund cards with only the money needed, thus preventing misuse and providing cash flow control. Card spending controls allow for organisations to pre-authorize employee spending by merchant category or daily limit.
Via the PEX Card administrative website, companies are able to issue, fund and set individual spending profiles per cardholder.
 


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Categories: Payments & Commerce
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Countries: World
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Payments & Commerce