Wednesday, April 15, 2009

Prepaid Cards - A Risk Reducer for Businesses

At the Q&A Forum at What Investment they have recently given some examples of how prepaid cards could reduce risks and hassle for businesses. One of the examples include Phil Smallwood, who is the co-founder of marketing and distribution specialist at TPS Direct. He was concerned about the security implications of handing out company credit cards but now with prepaid cards he is able to better manage expenses, and is also able to complete transactions both online and through his mobile phone.

Jonathan Rees, a sales director at M-Cube, has stated that his company his seen rapid growth due to prepaid cards as ‘credit card limits are being capped’ by banks.

These are interesting examples, but what are some other ones that your company has experienced?

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