Features

• Funds are segregated between a corporate holding account and cardholder accounts for control over funds.
• Real-time electronic card funding.
• Set zero balances or block cards.
• Place daily spending limits on cards.
• Restrict card usage by merchant category.
• Reporting package details spending by cardholder or in aggregate.
• Set funding rules per card.
• Set triggered funding rules per card.
• Pie charts to illustrate corporate spending.

Simplify Business

• Our easy-to-use administrative website lets you control where and how much your employees spend - all managed in real-time.
• Make departmental spending more efficient, accelerate available funds for employees and simplify requisitions.
• Stop acting as the go-between for every purchase with pre-authorized spending profiles.

PEX Card is Different

• Cards can be reloaded.
• No transaction fees.
• No deposit fees.
• Real-time control of employee spending unavailable in other prepaid, credit, or bank products.
• Cards are personalized with the cardholder's name.
• The funds on deposit are corporate funds - not employee-owned.
• The PEX Card Account is not a bank account.
• Cards have individual balances. Corporate balance is displayed separately from cards.
• Funds on deposit belong to corporate customers until cardholders spend, or until we post fees. If need be, funds can be transferred back to the registered bank account.
• Cards don't expire until three years after the issue date. At that point, a new card will be issued and the card balance will be transferred back to the PEX Card Account.
• Fees are charged to the PEX Card Account not to card accounts.