Transact24 launches T24 PayVault Visa prepaid card

Streamlining payroll management

Transact 24 is rolling out the card in collaboration with Transact Network, a Gibraltar based E-money institution (view press release). The card is designed specifically for European companies that are required to pay staff members, affiliates and associates in USD and helps to streamline their payroll management and other systems. The load limit on the card is USD20,000 (c. EUR15,000) and there are no monthly fees. The card can be used anywhere around the world that accepts Visa, and can be used to withdraw cash at ATMs. Balance and statements can be checked online, or via text, ATM and IVR. The card can be reloaded online or by text with a debit/credit card and money can also be transferred between T24 PayVault cards. Funds are received instantly, 24/7, anywhere in the world.

Using the T24 PayVault Visa Prepaid Card, European organisations can reduce their need for cash and streamline payroll procedures, opting instead for the effective transfer of funds which is independent to the cardholder’s location,” said Transact 24 MD Philip Meyer.

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