Benefits

The following sections provide details of common scenarios where the Scope Prepaid MasterCard® can be more beneficial than traditional credit cards in the world of business.

Internal Applications

• Improved efficiency over paper-based processes; cheques and bank orders
• Reduced out-bound and in-bound processing costs
• Reduced bank fees
• Reduced print processing and distribution and mailing expenses
• Reduced cheque replacement costs
• Easily assign and manage cardholder loads/replenishment
• Transparency
• Control over expenditures with flexible limitations and audit trails
• On-line access to facilitate management of funds
• Reduced risk
• Reduced bureaucratic procedures
• Faster distribution
• Ease of maintenance
• Reduce out-of-pocket expenses and cumbersome reimbursement procedures
• Improve employee retention
• Flexible distribution and authorised usage management
• Managed merchant/supplier usage and acceptance as required
• Reduced KYB “Know Your Business” or KYC “Know Your Customer” and Money Laundering exposures based on identifiable employee and affiliated customer populations

External Applications

• No waiting for cheque distribution or payment order processing
• No need for bank account
• No cheque cashing fees
• Broad acceptance
• On-line access to cheque availability and balances
• Secure payment
• Strengthen brand loyalty
• Reinforce positive brand and company image
• Strengthened employee and customer relations
• Improve customer retention
• Reload capabilities for open network solutions