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InteliSpend launches Visa prepaid business card

January 3, 2012

InteliSpend Prepaid Solutions today announced its new Expense Visa Prepaid Card, which offers spending limits, transactional reports and is supported by InteliSpend's program management options that range from self-service to a customizable solution.

The card can be used as an alternative to traditional corporate cards or to augment current corporate card programs, according to a press release. Spending on the card can also be limited by industry and merchant, and 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.

Expense Visa Prepaid Card features:

Acceptance restrictions: DirectSpend 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 options: Cards can be issued for a set amount or reloaded over time, and unspent funds can be returned to the sponsoring company. The cards have an optional ATM feature with withdrawal limits.

Transactional reports: Standard 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 options: Cards are available with standard plastic or can be co-branded or customized to match company or program goals.

Additional features include standard 12-month pre-denominated, 24-month reloadable or variable expiration options and domestic or international fulfillment.

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