What a difference a year can make. Little more than twelve months ago, the world was teetering on the brink of economic depression, as the credit crisis that started in the U.S. subprime mortgage market escalated and threatened to bring the world economy to its knees. To prevent economic collapse, the U.S. government was forced to step in to bail out too-big-to-fail U.S. financial institutions through the $700 billion Troubled Asset Relief Program (TARP).

For consumers in general and credit cardholders in particular, the TARP program has been a bitter pill to swallow.

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The PEX Visa Prepaid Card for Business is a tool for every company with employees in the field who need to make purchases with company dollars.

Using the PEX card and their own computer, employers can allocate specific funds to each employee, and even control where and how those funds are spent. You can, for instance, allocate a dollar amount per day for restaurant meals and a different dollar amount for gasoline. You can set daily spending limits and restrict use to authorized categories.

For employees on job sites, you can designate dollars for supplies, and in the case of unexpected expenses, send additional funds to the employee card in minutes – right from the comfort of your own computer.

Pricing is via a monthly fee, which is waived for the first two months. T Read full article…