Managing PEX Cards Goes Mobile (Jan. 15, 2013)
Jan. 15, 2013
PEX Card, a New York City-based provider of the Visa-branded PEX Card prepaid expense-management card for small and midsize businesses, has launched PEX Mobile, a suite of iOS and Android applications enabling PEX Card administrators to perform day-to-day cash management and expense control functions using a smartphone.
“PEX Card administrators often play more than one role within their organization, and don’t have the luxury of managing employee spending from behind a desk,” said Toffer Grant, PEX Card CEO and founder. “PEX Mobile provides highly active businesses with a seamless way to adjust their expense card program in real time and on the go.”
Administrators can use PEX Mobile to improve response time for employees who need funds immediately, enable or limit certain spending from the field, and review cardholder transactions, among other functions.
The mobile apps are part of PEX Card’s ongoing strategy to provide customers with consistent service upgrades that create cost and time efficiencies, and help SMBs gain better control of expenses, according to the company. The launch of PEX Mobile follows an October round of Series B funding, in which the company drew $3.2 million and earmarked the funds for marketing expansion efforts.
