Why PEX Card?

Features that allow you to maintain direct control over funds:

• Funds are segregated between a corporate holding account and cardholder accounts.
• 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.
• Pie charts to illustrate corporate spending.

Simplify how you manage employee purchases:

• Our easy-to-use administrator 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 account management is simple and efficient:

• The easy to use administrator tool provides the capability to manage all accounts on-line, in one place, in real-time.
• Cards can be reloaded.
• No transaction fees.
• No deposit fees.
• 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, but all funds on deposit are FDIC Insured.
• Each card has an individual balance, so you can keep employees on budget. The corporate balance is displayed separately from cards.
• Funds on deposit belong to your business until cardholders spend or service fees are posted. Funds can be transferred back to the registered business bank account at any time.
• Fees are charged to the PEX Account balance, not to card accounts.
• Cards don't expire until three years after the issue date.