When away from home on business, individuals have unique needs and different kinds of trips necessitate different expenses. Conferences often provide meals so attendees might not need as much money for food as they otherwise would. A long trip filled with client meetings may require laundry or dry cleaning services. To account for such individualized travel spending, travel funding needs to be flexible.
By using PEX Card, a VISA corporate prepaid card, it is possible to offer such individualized spending. When extra funds are needed, they can be added to the card instantly. If funds are not used by the end of a trip, they can stay on the card for future purchases or moved back into the general account to be allocated later as needed. Plus, you can see in real time where the money is going, so you are never hit with an unexpected credit card bill at the end of the month.
Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.