In customer win news today, PEX Card, the payment industry’s leading commercial prepaid card company launched to streamline employee expense management, has selected NYI for its premium colocation and business continuity services. NYI’s data center facilities support the PEX Card platform, which powers an expense control solution that enables businesses to manage day to day operational expenses.
PEX Card provides robust web and mobile apps that companies use to control how their employees use the PEX Visa® Prepaid Card for expense purchases. The service is the card industry's first turnkey corporate prepaid card solution.
“As a prominent payment platform that companies rely on day in and out, the need for high availability is paramount,” comments Toffer Grant, CEO and Founder of PEX Card. “Our customers use their PEX Visa Prepaid Cards all around the world as they travel and the system we operate to facilitate that is hosted from NYI’s facilities. NYI has all the redundancy required to maintain a high availability platform, easily meeting all of the various standards required to operate a payments business such as ours.”
According to Mercator Advisory Group Inc., the amount of money loaded on general purpose reloadable prepaid debit cards almost tripled from 2008 to 2012, rising to $76.7 billion. It is predicated that the number will rise to $168.4 billion by 2015.
“As a rapidly growing payments technology company and marketing business; PEX Card is heavily focused on its technology development and superior support for its customers,” comments Phillip Koblence, Chief Operating Officer of NYI. “Providing expert support and high level performance to our customers like PEX Card, while ensuring trust, reliability and quick response times, is what NYI is all about. We are proud to have earned that trust and satisfaction from PEX Card, and attribute that to our extensive capabilities, agility and a hardworking team.”
NYI owns and operates data centers in New York and New Jersey. For more information about NYI, visit www.nyi.net.
Learn more about PEX Card at www.pexcard.com.
