NEW YORK, Jan. 15, 2013 /PRNewswire/ -- PEX Card, the industry-leading corporate prepaid card service for business expense control, today announced the launch of a suite of iOS and Android applications called PEX Mobile((SM)). This new service enables PEX Card administrators to perform critical day to day cash management and expense control functions instantly from the road or a job site using a smartphone.

As mobile wallets evolve and enhance the way people conduct transactions with smartphone devices, small and medium businesses (SMBs) are searching for mobile business tools offering more efficient ways to manage cash flow remotely. For fast-changing operations and highly mobile businesses like fleet vehicle services and contractors, PEX Mobile addresses those needs with an easy-to-use solution.

PEX Card mobile app development efforts are part of the company's ongoing strategy to provide customers with consistent service upgrades that create cost and time efficiencies, and help SMBs gain better control of the expense side of their P&L statement.

Administrators can use PEX Mobile to:


    --  Create time efficiency: improve response time for employees that need
        funds for company expenses immediately,
    --  Control cash: enable or limit certain spending as required, in real time
        from the field,
    --  Limit risk: suspend employee card use,
    --  Review: Access information about their company's program and cards, and
    --  Stay in touch with spend: Review transactions by cardholder

"In this economy, businesses are constantly in an 'all hands on deck' mode of operating. PEX Card administrators often play more than one role within their organization, and don't have the luxury of managing employee spending from behind a desk," said Toffer Grant, CEO and Founder of PEX Card. "PEX Mobile provides highly-active businesses with a seamless way to adjust their expense card program in real-time and on-the-go."

For more information on PEX Card visit www.PEXCard.com.

The PEX Visa® Prepaid Card is issued by The Bancorp Bank; a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), pursuant to a license from Visa U.S.A., member FDIC.

About PEX Card
 PEX Card is the industry's first turnkey commercial prepaid card program launched specifically to help businesses streamline employee expense management. The PEX Card Administrative tool includes innovative control features for managing pre-funded deposits that are directed to Visa prepaid cards employees use for day-to-day spending. Businesses that integrate the PEX Card Service into their operations experience greater cash flow visibility by making funds disbursements and limiting spending more efficiently than with traditional card services, cash advance or expense reimbursement policies. The company is committed to introducing innovative services that better facilitate card-based purchasing commonly made by mobile work forces. PEX Card is partnered with key industry leaders, including The Bancorp Bank, TxVia, and Visa U.S.A. Inc. (NYSE: V). PEX Card is privately held and is headquartered in New York City. For more information, please contact media@pexcard.com.

Media Contact
 Bill McCue
North 6(th) Agency
212.334.9767
bmccue@n6a.com

SOURCE PEX Card