Custom Travel and Expense Cards are reloadable prepaid debit cards that are designed for and distributed by corporations with multiple employees, that wish to have a simple, cost efficient and flexible payment system than corporate credit cards or reimbursement cheques.
Prepaid Expense Cards allow corporations, as employers, to advance expense dollars to their employees by loading money onto the card on a periodic ad-hoc basis. This becomes a cost effective alternative to issuing, printing and mailing paper expense cheques, and consequently, employers avoid fraud costs associated with loss and theft of such checks. Employees can then use the card for purchases at any retail location. They can also access their expense funds at ATM or EFTPOS terminals.
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