ST. LOUIS, Jan. 4, 2012 /PRNewswire/ -- InteliSpend Prepaid Solutions™ is today announcing its new Expense Visa Prepaid Card, designed to help companies better manage corporate spending and streamline administration for business expenses. The Expense Visa Prepaid Card offers spending limits, transactional reports and is supported by InteliSpend's program management options that range from self-service to a fully customizable solution. InteliSpend brings more than a decade of expertise in thebusiness-to-business prepaid industry to expense management.
According to a March 2011 report from the Aberdeen Group, companies that automate their expense management processes showed a 63 percent cost reduction rate over competitors and a 42 percent higher rate of compliance with corporate travel policies.
A custom expense and cash management solution, the Expense Visa Prepaid Card can be used as an alternative to traditional corporate cards or to augment current corporate card programs. Using DirectSpend,® InteliSpend's patented process, spending on the Expense Visa Prepaid Card can be limited by industry and merchant. In addition, any unused money preloaded to the card can be returned back to the sponsoring company.
"Keeping a tight rein on spending is a business necessity. With our new Expense Visa Prepaid Card, we have created a solution that gives companies a better way to manage cash expenses with built-in features that allow for the return of unused funds back to the funding company at any time," said Darryl Hutson, CEO of InteliSpend. "Detailed reports that show you where your expense dollars are going and the Visa brand which is known around the world, make this new option a real value for our customers as they search for ways to keep a handle on spending."
The Expense Visa Prepaid Card can improve spending control whether companies are providing funds for corporate travel, per diem, relocation, training, entertainment or other business purposes.
Expense Visa Prepaid Card Features
Acceptance restrictionsDirectSpend, a patented process, ensures corporate funds are spent appropriately by enabling companies to determine where they can be spent and where they can't. Companies can limit by industry and merchant.
Prepaid optionsCards can be issued for a set amount or reloaded over time, and unspent funds can be returned to the sponsoring company. Optional ATM feature with withdrawal limits.
Transactional reportsStandard reports provide access to detailed transactions at the individual card level. Companies can monitor spending, ensure proper use of funds, and streamline administration by eliminating the need to turn in receipts.
Card optionsCards are available with standard plastic or can be co-branded or fully customized to match company or program goals.
Additional features include standard 12-month predenominated, 24-month reloadable or variable expiration options and domestic or international fulfillment.
For more information on InteliSpend Prepaid Solutions, visit www.intelispend.com.
