Small business owner, Michael Brown was one of the first to participate in the PEX Card private beta program. Over the last few months he has integrated the card program into his New York office, and will soon be incorporating it into his San Francisco office.

His firm, Cyber-NY, is a full service web design agency, employing designers, developers, and account managers. The needs and budgets of his employees differ, but PEX Card is helping him control spending while keeping business moving. Recently he sent us an email outlining some of the ways that PEX Card is helping him move business forward:

"I was out of the office and an employee needed to make a purchase over the internet. We have a petty cash box, but you can't feed dollars bills directly into a website. So - we loaded the necessary funds onto his PEX Card to make the purchase. It's already our first thought - use the PEX Card!

We don't do the same thing with debit cards (there is a risk of letting everyone tap into our checking account directly), because the bank requires me to show up at a branch with our corporate kit along with the new person signing on the account. And, for the SF office we have to fax over a signature card. It is a waste of time - PEX Card is easier."

If you have a story about how you've put PEX Card to work in your business - send us a comment.

Labels: Finance Tips, Petty Cash, PEX Card News

Our CEO Toffer Grant was interviewed for a podcast on StartupBizCast.com. The interview was posted today and is available here.

The interview is less than ten minutes long and covers expense management in small business. Toffer explains a little about what we do, offers tips for better expense tracking and suggests that cards are a great way to stay organized, because transactions are recorded online and on card statements if the receipt is lost .


Many thanks to Steve Mullen for the interview!

Labels: expense management, Finance Tips, interview, PEX Card News

We have exciting news! Today is the launch of the PEX Card Service.

PEX Card empowers you to streamline employee spending processes through technology and forward thinking financial products. Take control of spending by creating customizable user profiles for each cardholder, improve visibility into cash flow with real-time access to spending and reports while ensuring that employees have access to the funds they need to do their jobs. The service is here to save your organization time, money, and resources.

How does the PEX Card Service work? Using web tools that are efficient and simple to use, you are able to manage your company's money and employee spending with ease. Login to our administrative website to order personalized PEX Visa Prepaid Cards your employees keep for the duration of their employment and use as directed by your company. The administration website enables you to activate cards, add/remove card balances, modify per diem and merchant category limits for each cardholder - giving you peace of mind and assurance that funds are safe. You can automate or manually command how employees use their cards. And, you will always know your cash position because the service displays real-time data about cardholders and spending.

The PEX Card Service is a great tool for per diems, petty cash, T&E, procurement, and more. To take a closer look at the service, visit the demo. And if you have additional questions, you’ll probably find all the answers you need in the FAQ section.

Additional perks of the card service include no transaction, deposit, or administrative seat fees that you might find with other online accounting services or corporate credit cards. And, the PEX Visa Card comes with a 60 day free trial, so there are no monthly card service fees to try the program.

Sign up today!

Labels: PEX Card News

Welcome! This is a new business finance blog from the creators of the PEX Visa Prepaid Card. While the Pex Card service will be launching soon, you can benefit from the financial expertise of the team now. This resource is designed to help finance managers discover best practices. Join us for regular articles offering expert financial advice.

Do you have a reasonable per diem rate for employees on business travel? Is your internal auditing system as efficient as possible? Should you look into refinancing corporate debt? These are the kinds of questions this blog will answer, among others, focusing on how to optimize cash
management and finance procedures.

Keep reading for advice and actionable tips as well as the latest PEX Card news.

Labels: PEX Card News