Debit Cards

EMerchants Debit Cards are reloadable, prepaid debit cards that are designed for and distributed by corporations with multiple employees who wish to have a simple, cost efficient and flexible payment system rather than corporate credit cards or reimbursement cheques.

Prepaid Expense Cards allow corporations, as employers, to advance expense dollars to their employees by loading money onto the card on a periodic ad-hoc basis. This becomes a cost effective alternative to issuing, printing and mailing paper expense cheques and consequently, employers avoid fraud costs associated with loss and theft of such cheques. Employees can then use the card for purchases at any retail location worldwide. They can also access their expense funds at ATM or EFTPOS terminals.

How does an EMerchants Prepaid Expense Card Program differ from a typical application?

Prepaid Expense Cards are similar to regular credit and debit cards. The difference - employers fund the card by direct debit or BPay with an employee’s advanced expense dollars. Specifically, the employer sets up employee accounts through a customised, web portal and funds Prepaid Expense Cards individually or through a batch process via file or Electronic Funds Transfer (EFT). Due to the nature of the program (individual credit histories are not considered), all employees are pre-approved. The production, distribution and reconciliation of paper cheques are eliminated, reducing the overall expense processing costs. Most importantly, little or no changes are required to the existing expense process. Reporting is in real time at the time of the transaction.