Our Solution

The Tuxedo MasterCard® Prepaid Card

The Tuxedo Expenses Solution – You could improve control and simplify company expenses and petty cash.

Many companies find it hard to keep control of their corporate expenses, which can cause reconciliation difficulties and even cash flow or payment problems. The Tuxedo Corporate Expense Solution allows your finance team to view employee transactions and allocate funds instantly from the enterprise eccount whenever needed – which could be ideal in emergencies. The unique eccount functionality also allows employers to remove funds from an employee’s card.

The Tuxedo Card helps to ensure that you stick to expense budgets . Certain merchant categories can be blocked and there is also a simple solution for VAT claims that is fully recognised by HMRC. The business has no liability or credit exposure.

Another advantage of the Tuxedo Expenses Solution is that employees will not use their own credit cards to pay for business expenses which can cause them to incur unnecessary personal debt if they neglect to transfer funds paid into their bank account to pay their credit card bill.

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Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by PayrNet Limited pursuant to license by Mastercard International Inc. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (registration number 900594) for the issuing of electronic money ("emoney"). PayrNet is a wholly owned subsidiary of Railsbank Technology Limited and provides regulated financial services to Railsbank customers.