M2 Europe Launches Airmax Scope Prepaid MasterCard

With the facility to make payments wherever MasterCard cards are accepted, The Scope Prepaid MasterCard is poised to replace more costly and inefficient paper-based processes such as cheque distribution, receipt, paper voucher printing and recurring payment distribution. Airmax clients utilising the prepaid cards system are expected to save both time and money by combining travel and vehicle-related expenditure into a single easy-to-manage expense system.

The system can support multi-vendor strategies and provide control, reduced administration, transparency and a flexible replacement for fuel cards, credit cards and reimbursement schemes. In addition, cardholders do not require a separate fuel card as both corporate expenses and fuel is managed on a single card.

According to M2 Europe CEO, Joel Harris, “We are delighted to work with the Airmax Group on such an innovative corporate prepaid card programme. This is the first instance where M2 Europe has integrated fuel monitoring technology with a prepaid card programme. We believe the Scope Prepaid MasterCard will offer companies using the system enhanced value, security and control to their fuel procurement and management processes.”

According to Darshan Amin, Airmax Scope Director, “The Scope Prepaid MasterCard is a new payment tool suitable for all UK registered businesses, irrespective of size or credit history. The Scope Card incorporates flexible business rules providing businesses with enhanced financial control across workforce spending. Subsequently, the card can easily be incorporated into almost any existing systems to improve fuel and fleet management, reporting and analysis.”

“Designed from the outset on a modular basis, the Scope Prepaid MasterCard can easily be integrated with existing systems to provide an additional value added suite of web and data services, all of which ensure increased business efficiency and cost control.”

It is common place for companies to spend extensive man hours and exorbitant administration fees on corporate expense and fuel management. Existing systems based on cash or credit cards are open to abuse. The Scope Prepaid MasterCard however offers companies an alternative that can restrict usage of the card to specific to specific outlets, provide reporting on spending habits and can promote loyalty by offering drivers personalised rewards. Through integrated control mechanisms, the cards facilitate corporate membership and fiscal control leading to not only reduced costs compared with cash and cheque processing, but also reduced fraud and misuse.