i2c's Flexible Payments Processing Platform Powers Bento's Expense Management Platform for Small Businesses
REDWOOD CITY, Calif. and SAN FRANCISCO, April 25, 2017 /CNW/ -- i2c, a global provider of smarter payments and integrated commerce solutions, and Bento for Business, the leading provider of impactful expense management solutions for small businesses, today announced they have partnered to deliver a sophisticated prepaid card solution to give small business owners and their employees a better way to control spending and manage expenses. The Bento prepaid employee expense card leverages i2c's Agile Processing payments platform to deliver advanced features like integrated alerts, card-level restrictions, and digital dashboards that provide high levels of visibility and real-time control over employee spending.
For small business owners, managing employee expenses is time-consuming and prone to problems, such as lost receipts, expense leaks, and employee theft. Providing employees with cash, personal credit cards, or signed checks for business expenses involves a high degree of risk and hassle and makes spending difficult to track and control.
"Managing employee expenses is an important but time-consuming process for small business owners whose time could be better spent focusing on growing their business," said Farhan Ahmad, founder and CEO at Bento for Business. "Our partnership with i2c has allowed us to accelerate innovation. The i2c processing platform allows us to deliver a feature-rich expense card solution with all the tools and real-time controls to make administration easy."
With Bento, small business owners can easily control where, when, and how much employees can spend by setting limits on dollar amounts or selecting specific spending categories where the card can be used. Unauthorized transactions are automatically declined, and cards can be switched on and off with a single click. Real-time interactive dashboards and two-way alerts allow small businesses to instantly track and monitor expenses and help employees stay on budget. With full digital and mobile integration, employees can also keep track of their receipts on their smartphones.
"Bento for Business and i2c share a philosophy and culture of innovation, and the Bento card is proof of how innovative prepaid card solutions can make payments easier and more efficient," commented i2c's founder and CEO Amir Wain. "The flexibility and reliability of i2c's single, global platform enables Bento to give small businesses a full-circle expense solution that is easy for employees to use and simplifies an important part of their day-to-day operations."
About i2c Inc.
From its Silicon Valley headquarters, i2c provides smarter payments and integrated commerce solutions that financial institutions, corporations, brands, and governments around the world rely on to deliver high impact, personalized experiences today's consumers expect. i2c's single, global cloud-based platform supports virtually any card payment program in plastic, virtual, or mobile form. Our customers use the i2c Agile Processing platform to deliver profitable credit, debit, and prepaid solutions that meet the highly differentiated needs of cardholders in 216 countries and territories. For more information, visit www.i2cinc.com.
About Bento for Business
Bento for Business provides financial solutions that fit small businesses, combining the security of a bank with the ease and convenience of a modern technology company. The first product on the Bento platform, the Bento Prepaid Commercial MasterCard®, provides small business owners with much needed controls and better features than more expensive and cumbersome enterprise solutions. The company's founders have their roots in large financial services firms such as Barclays, JPMorgan Chase, Blackhawk Network, and Discover Card. Based in San Francisco and Chicago, Bento is venture backed. Learn more at www.bentoforbusiness.com.
SOURCE i2c Inc.
For further information: John Sommerfield, VP, Corporate Marketing, i2c Inc., +1 (650) 480-5275, [email protected] or Lou Friedmann, CRO, Bento for Business, +1 (312) 735-6272, [email protected], http://www.i2cinc.com