April 17, 2012 06:16 AM Eastern Daylight Time
LONDON--()--Advanced Payment Solutions Limited (APS), the company behind the Cashplus Business Account, has won yet another award. This time it picked up ‘Best Business Card Programme 2012’, at The Card & Payment Awards.
The judges of this prestigious award looked for evidence of how card programmes benefited customers. In the case of Cashplus customers, budgeting is now much easier, as a set amount of money can be loaded onto the card’s business account for expenses, making it virtually impossible to overspend and perfect for per diem and other employee expenses, like travel and customer entertainment. As a result, businesses no longer need to worry about employees going over their expenses budget.
By using the Cashplus Business Account to differentiate between personal and business expense, businesses can control their spending and help to reduce the risk of expenses fraud.
The Cashplus Business Account was specifically designed to offer small to medium businesses (SMEs) a low-cost, feature-rich solution for managing expenses without incurring hefty bank charges. The card leverages an innovative electronic banking solution that provides each card with a unique Account Number and Sort Code, enabling online payments and transfers via Direct Debit and Standing Orders and bill payments via an online account management system. This innovation also provides same-day electronic deposits onto accounts by leveraging faster payments (within hours), rather than the three days under the normal BACS processes.
Another major benefit enjoyed by Cashplus Business Account customers is the amount it can save them, compared to traditional business bank accounts. With Cashplus, there are no monthly fees, just an annual charge of only £29.99. Cash and bank transfer deposits are free, as are UK purchase transactions.
The judges will also have found that the Cashplus Business Account’s card provides customers with the acceptance of a branded prepaid card from MasterCard®, with the banking functionality of a traditional business bank account.
The award reflects the success that APS has achieved in the prepaid card sector. APS has issued over one million cards and has a total turnover of £850 million. It is providing payment solutions to thousands of businesses and has partnered with some of the most trusted organisations in the financial services industry, such as MasterCard, Co-operative Bank and the Post Office.
