CSI Enterprises has added new features to CSI MasterCard Corporate Multi-Card card platform including the ability for organizations to pre-fund a card with a set denomination, as well as a deposit account option. CSI expects that the new features will enable businesses to establish or build credit.
Reportedly, multiple funding options are included for the CSI MasterCard Corporate Multi-Card accounts. The first option allows businesses to pre-fund a card through a business initiated ACH bank payment or wire transfer. The second option is a deposit account where applicants can submit a deposit to secure their account and establish an initial credit line. It has added that the business is invoiced and makes payments just as it would on a normal credit account.
Keith Stone, president, CSI, said: “In today’s difficult economic time, new businesses are finding it harder to become approved for a line of credit. CSI offers these businesses the opportunity to begin developing credit while receiving all the same benefits of a credit account.”
David Disque, director of operations, CSI, said: “We have designed this program to be as easy as possible for businesses to fund. Clients may increase or decrease a deposit as needed and funds are simply submitted by wire transfer or ACH payment.”
CSI Enterprises is a Florida-based provider of controlled financial payment products including business fleet fueling/maintenance payment cards, a corporate virtual payment MasterCard.
