InteliSpend Prepaid Solutions LLC is offering a Visa-branded prepaid corporate card as an alternative to traditional corporate credit cards, the company announced an.4.
The Expense Visa Prepaid Card will allow corporate customers to allocate cash to employees for business purposes, the Fenton, Mo.-based company said in a press release. Those companies can add funds to the card accounts using InteliSpend's DirectSpend direct-deposit process.
Any funds left over in the prepaid account are returned to the client. Companies may limit the card's spending to certain industries and merchants, InteliSpend said.
"Detailed reports that show you where your expense dollars are going … make this option a real value," Darryl Hutson, InteliSpend chief executive, said in the release.
