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Tracking Employee Spend Down To The Penny

PYMNTS Corporate expense and business travel management firm Penny, which gears its solution to small and medium-sized businesses, wants to help corporations manage employee spending on a broader scale and has enlisted MasterCard to do so. Reports on Monday (Oct. 26) said Penny is rolling out the Penny Inc prepaid MasterCard, a prepaid card program

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Penny Virtual Card

One of the features that Penny Inc. provides is the use of a “Virtual Card”, which is a 16-digit pre-paid Debit card (no plastic card) that can be set up to pay recurring bills, such as rent/lease, monthly or quarterly memberships. Virtual cards can only be used online, as there is no physical plastic card

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