Prepaid expense cards can be issued to employees to replace cash advances, per diem allowances, reclaiming of expenses and as an alternative to corporate credit and charge cards providing a much higher degree of flexibility and customisation. Prepaid expense cards allow our clients to better manage their expense payments.

Transact Network has an extensive list of MasterCard and Visa rules and parameters for corporate funded cards. Our services range from turnkey off-the-shelf card programs to fully custom designed programs.

Card features

• Branded with MasterCard or Visa logo
• Funded by the registered corporate entity
• Accepted at ATM and Point of Sale locations worldwide
• High funding limits based on purchasing needs
• Easy access to card activity online, via sms, and by telephone.

Card benefits

• Prevent overspending of employee allowances by utilising pre-set spending limits
• Remove unapproved spending by restricting where funds can be spent
• Ensure employees do not exhaust entire travel allowance prematurely by setting daily allowances
• Manage cash flow by "trickle feeding" allowances
• Set customized spending limits for each card
• Provide a transparent and manageable audit trail for employee expenses
• Reduce administration
• Improve reporting
• Improve purchasing power through easy access to expenditure in a particular category and with individual suppliers
• Expense benchmarking to target cost reductions
• Budget management - removes uncertainty of knowing how much is outstanding to employees for expenses and therefore allows proactive rather than reactive budget management
• Prepaid card services require no or minimal technology integration
• Safer than carrying cash for employees and removes the security risk of companies handling cash and cheques
• Brand the cards with your company logo