Tag: Payouts

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Money 20/20 | A Decade of Innovation

As a transformative event in the world of payments, Money20/20 USA has long been a stage for innovation, connection, and insight. This year, B4B Payments continued its tradition of attending and contributing to the event, bringing our thought leaders to engage in critical industry conversations. Here’s a look at how our team experienced and participated in this year’s show.

Lori Breitzke’s Journey with Money20/20

Lori Breitzke, our Head of Channel Development and Strategy, has a history with Money20/20 that stretches back to its initial run in 2012. As a seasoned expert in the fintech industry, Lori Breitzke highlights the event’s growth and maturation over the years. She recalls her initial encounters with Money20/20, describing it as a transformative experience in a time when fintech was still finding its footing.

“Back then, it was all about discovering new possibilities and building connections in a rapidly evolving space. “Today, it’s inspiring to see how much deeper the conversations have become, with even more opportunities for collaboration and growth. The show has matured yet remains a hub of innovation and partnership.” Lori Breitzke, Head of Channel Development and Strategy.

For Lori, Money20/20 continues to inspire. It’s not only a place for trendsetting but also a meeting ground for building enduring partnerships and exploring long-term strategies. As she noted, this year’s show provided both emerging trends and established frameworks, proving that Money20/20 remains as dynamic as ever.

Jodie Taylor’s Marketing Perspective

Jodie Taylor, Head of Marketing (EU/UK) at B4B, has attended Money20/20 for the past five years, bringing a valuable marketing perspective to the event. Her experience has consistently centred on how Money20/20 provides an exceptional platform to gain industry insights, explore new marketing opportunities, and connect with fellow industry leaders. Like Lori, Jodie sees Money20/20 as a place where lasting connections are formed and forward-looking marketing strategies come to life.

Money20/20 was as incredible as ever, but this year held something truly special. I had the privilege of joining an engaging panel discussion at our booth with Betsy Samuel, CMO of Thredd, and Araminta Robertson, Managing Director of Mint Studios and founder of The Fintech Marketing Hub CIC. Together, we explored the intricacies of fintech marketing in the EU/UK versus the U.S., sharing actionable strategies and fresh ideas for fintech brands aiming to connect meaningfully with audiences on both sides of the Atlantic. Jodie Taylor, Head of Marketing (EU/UK)

B4B Payments’ Contributions at Money20/20 2024

This year, B4B Payments took part in various activities aimed at showcasing our platform’s value and engaging in timely industry conversations. Our team presented a live demo, spotlighting B4B’s innovative approach to prepaid and expense management solutions. This hands-on demonstration showed attendees how our platform empowers businesses with real-time expense tracking, rapid fund distribution, and flexible, multi-currency capabilities.

We were also proud to be part of two impactful panel discussions. Lori Brietzke joined Dayo Okewale, Senior Advisor in the House of Lords (UK government), to discuss the significance of diversity in fintech leadership. They explored the critical role of inclusive financial services in shaping a more equitable and accessible industry. The conversation highlighted that while fintech is often seen as a hub of innovation and forward-thinking, the industry still struggles with fully understanding some of the markets it serves and unlocking real opportunities to innovate and drive meaningful change. Getting diversity, equity, and inclusion (DEI) right is about more than just ethics; it’s about results.

The 2019 analysis report by McKinsey & Company on Diversity wins: How inclusion matters, companies in the top quartile for gender diversity on executive teams were 25 percent more likely to achieve above-average profitability compared to those in the fourth quartile, an increase from 21 percent in 2017 and 15 percent in 2014

Additionally, Jodie Taylor shared the stage with Betsy Samuel, CMO at Thredd, to delve into the differences between fintech marketing strategies in the UK and the US. This conversation highlighted the unique approaches and challenges in reaching audiences on both sides of the Atlantic.

Solving Industry Challenges: B4B Payments Featured in FinTech Magazine

 In FinTech Magazine’s November issue, B4B Payments USA CEO Kieran Draper shared insights during Money 20/20 USA, focusing on Driving fintech innovation with streamlined payment processes and advanced tech, the US market expansion strategies for scalable growth and Shaping the future of payments with tailored solutions for industry demands. This feature highlights B4B Payments’ commitment to solving industry challenges and driving innovation. Watch the live interview.

Addressing Industry Challenges: B4B Payments’ Brian Lawlor in The FinTech Times

At Money20/20 USA 2024, B4B Payments’ Group CCO, Brian Lawlor, shared insights with The FinTech Times on addressing industry pain points; addressing Embedded Finance as a Game-Changer for seamless integration of financial services to tackle inefficiencies and drive growth across industries. Through these advancements, B4B Payments is directly responding to industry demands for greater efficiency, transparency, and scalability. Watch the full interview here

As we look back on another successful year at Money20/20, we’re reminded of the power of collaboration and innovation in driving the fintech industry forward. If you’re interested in learning more about B4B Payments’ solutions or would like to connect. We’d love to discuss how we can support your business goals.

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Company News Newsroom Payroll & Payouts

Empowering Disaster Recovery: Fintech Solutions for Efficient Aid Distribution

By Marchelle Becher, US Business Development Executive

Millions of people are impacted by natural disasters each year, facing financial challenges such as damage to homes, the need for temporary shelter, and the replacement of personal items and food. Increasingly, fintech solutions are becoming essential in addressing these urgent needs efficiently and effectively.

Over the past five years, the US has experienced an average of $18 billion annually in natural disaster-related damages. With increasingly extreme weather patterns, this trend is expected to worsen. In the first half of 2024 alone, the US has already experienced 11 confirmed weather/climate disaster events with losses exceeding $1 billion each, well ahead of the expected 5-year average.

Having attended several conferences dedicated to disaster aid and preparedness, it’s clear that private and public organizations are actively seeking viable solutions. Companies like B4B Payments are crucial in providing financial aid distribution and ongoing support for those affected by disasters, especially regarding financial inclusion.

Addressing Financial Vulnerability and Inclusion

Low-income households are disproportionately affected by disasters. Many do not qualify for disaster loans, and grants often fall short. Delays in relief efforts compound their financial vulnerability. However, changes are taking place to improve support for those impacted by these life-changing events.

The Federal Emergency Management Agency (FEMA) overhauled its aid distribution methods earlier this year. One fundamental change, made effective March 22, addresses disaster victims’ economic challenges. FEMA’s Displacement Assistance program now provides money for shelter not only to those who had to leave their homes but also to those who were already homeless. As FEMA stated, this change is a “more equitable and efficient” approach, overcoming the challenge and addressing the disparity of helping only those who can pay their hotel bills upfront.

Additionally, FEMA has created the Serious Need Assistance program, providing $750 to individuals for severe or immediate needs such as water, food, first aid, infant formula, diapers, personal hygiene items, or fuel for transportation. This payment is in addition to aid for home repairs and other disaster-related needs.

In 2023, the United States experienced 28 separate weather or climate disasters that each resulted in at least $1 billion in damages. NOAA map by NCEI.

The Urgent Need for Preparedness Funds

With improved fund issuance, private and public agencies are stepping up efforts to work with companies like B4B Payments on “Preparedness Funds”—pre-arranged financial resources and distribution solutions that can be quickly activated in the event of a disaster. The “Preparedness Funds” approach improves financial inclusion, reduces the time needed to distribute funds, and eliminates the potential for theft and fraud with the self-service platform.

Supporting disaster preparedness and relief to ensure funds reach those in need is a critical focus for B4B Payments. Financial technology companies can simplify and expedite relief payments, ensuring a smooth customer experience and efficient distribution of funds, especially compared to manual or paper-based methods.

B4B Payments’ Comprehensive Solution

We offer a seamless prepaid card payout solution that considers the entire ecosystem, from funders to survivors, ensuring secure and efficient fund distribution. With our self-managed, instant issue platform, organizations and agencies can send physical and virtual prepaid cards to those in need, allowing for quick fund distribution while achieving full transparency, reporting capabilities, security, and guaranteed regulatory compliance.

Key benefits of working with B4B Payments include:

  • Instant issuing and delivery with activation timing control and funding flexibility, allowing agencies to choose when to activate cards, reload, and options to send either physical or virtual cards.
  • Secure, self-service platform offering full management and program control with the ability to set hierarchy-based access.
  • Real-time reporting capabilities to monitor programs, identify trends, and develop valuable insights, easing analysis access data within a specific time-period view transaction volume, merchant category spend, and ATM usage.
  • A simple mobile interface enables recipients to block their cards if they are lost or stolen and access accurate, real-time account information.

By leveraging our global payment solutions, our partners can better prepare for and respond to disasters, ultimately building stronger, more resilient communities.

B4B Payments’ Comprehensive Solution

B4B Payments is a proud member of Payments as a Lifeline (PaaL), and we are committed to transforming disaster relief efforts through innovative financial solutions. If your agency wants to improve its aid distribution methods and ensure rapid, secure, and transparent fund disbursement, we invite you to partner with us. Together, we can significantly impact the lives of those affected by natural disasters.


Visit our Disaster/Humanitarian Information Page for more information.



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Company News Insights Newsroom

B4B Payments Featured in Nordic Fintech Magazine: Unlocking Growth in the Nordics

The Nordic region is fast emerging as a global Fintech powerhouse, and we’re thrilled to be featured in Nordic Fintech Magazine, highlighting the unique opportunities this market presents.

With a stable financial system and progressive regulations, the Nordics are becoming a launchpad for global Fintech expansion. Companies that navigate this highly competitive and technologically advanced landscape can leverage their expertise to expand internationally.

Brian Lawlor, Group Chief Commercial Officer at B4B Payments, shared his perspective: “Companies that succeed in this highly competitive and technologically advanced market can leverage their expertise and proven solutions to gain a foothold in other markets abroad.”

Read the full feature in the Nordic Fintech Magazine.

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Company News Expense Management Newsroom Payroll & Payouts

Mastering Payment Management for Corporate Events: Simplified Solutions

By Susie Shyatt, US Business Development Executive

When it comes to corporate events, efficient financial management is critical. Whether you’re organizing a corporate retreat, an industry conference, or a large-scale public event, managing expenses smoothly and transparently is essential. Corporate-funded prepaid cards are transforming how companies handle event payments, making the process easier and more efficient.

The Pain Points of Traditional Payment Methods

The reality is that traditional payment methods like checks, ACH transfers, cash, and vouchers are riddled with challenges. Checks are costly, not just in terms of fees but also the time and resources required to process them. Someone has to be on-site to issue a check, and the recipient must have a bank account to access the funds.

ACH transfers, while more modern, still fall short. They’re slow, expensive, and offer no way to retract funds once they’re sent. Cash, on the other hand, brings its own headaches: manual handling, the risk of loss or theft, and high distribution fees.

Vouchers might sometimes work, but they’re limited in where they can be used and are often difficult to track. Issuing vouchers is usually a manual process, adding another layer of complexity to an already cumbersome system.

A Modern and Simple Solution

Corporate-funded prepaid cards offer a straightforward, effective solution to these issues. With these cards, you can load funds quickly and make them instantly available, simplifying the entire process of paying staff, covering event expenses, and distributing funds to attendees.

For example, when paying event crews or gig workers, self-issuing cards ensure that payments are secure and timely, eliminating the need for checks or cash. Managing expenses is equally simple. Staff can use the cards for rentals, deposits, transportation, per diems—whatever the event demands. And because every transaction is centrally recorded, budgeting for future events becomes much more manageable.

Attendees, such as members of President’s Clubs, can also benefit. They can receive cards to manage their own expenses without the limitations of traditional payment methods.

B4B Payments’ prepaid cards enable instant payouts, with funds immediately available. The platform is user-friendly, allowing you to manage all cards from a single dashboard, with features like freezing and reissuing lost or stolen cards. This doesn’t just save time; it provides peace of mind.

Additionally, these cards are inclusive, providing funds to underbanked or unbanked individuals and ensuring that everyone involved in your event is taken care of. Reloadable cards make recurring payments seamless, letting users meet their needs without disruption.

For companies with a global reach, our cards can be issued in multiple currencies, eliminating foreign exchange fees by transacting in local currencies. This global flexibility ensures your events run smoothly, no matter where they’re held.

Tailored Solutions for Key Stakeholders

Our solution isn’t one-size-fits-all; it’s designed to meet the needs of all organizational roles involved in event management:

  • Event Operations: Simplify logistics and vendor coordination.
  • Finance: Streamline payments and budgeting while ensuring financial transparency.
  • Human Resources: Ensure smooth, timely payouts to employees and staff.

By adopting corporate-funded prepaid cards, you’re not just simplifying your event management process—you’re cutting costs and enhancing financial transparency. Our solution directly addresses the pain points of traditional payment methods, providing a modern, efficient alternative tailored to the needs of today’s corporate finance leaders.


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Company News Insights Newsroom

A Night of Growth and Innovation: Highlights from B4B Payments’ 3rd Annual Client Forum

On 11 September 2024, B4B Payments hosted its 3rd Annual Client Forum at the prestigious One Moorgate Place Club in London. The event brought together clients, partners, and industry leaders for an evening filled with insightful presentations, product updates, and networking opportunities. This year’s forum was not just a celebration of B4B Payments’ achievements but also an exploration of the future of payment solutions and financial technology, highlighting developments such as Fusion Metal Cards and tailored financial solutions for the entertainment industry.

Business & Product Updates: A Glimpse into the Future

The evening kicked off with a compelling presentation by Account Director Tim Robson, who shared B4B Payments’ remarkable growth in 2024. Tim emphasised the importance of partnerships in driving B4B Payments’ success. He discussed how the travel sector remains a key growth area and shared insights into plans for expanding into new markets and verticals.
Tim’s presentation set the tone for the evening, underscoring B4B Payments’ commitment to continuous innovation and its dedication to meeting the evolving needs of clients and partners. The audience got a glimpse of the new developments on the horizon, indicating a promising year ahead for the company and its stakeholders.

Pioneering Payment Solutions with Thames Technology

Sustainability is a key driver for B4B. One of the standout moments of the forum was the engaging session by Andrew Toon, Head of Retail at Thames Technology. Andrew outlined the latest advancements in payment card technology, specifically focusing on sustainability within the card industry as well as highlighting the benefits of Fusion Metal Cards and Biometric Cards. These innovative cards represent a leap forward in card solutions, offering a blend of enhanced security, durability, and aesthetic appeal, making them an ideal choice for businesses looking to elevate their card experience.
Andrew’s presentation showcased how Thames Technology is at the forefront of transforming the card payment experience. The Biometric Cards not only enhance security features but also add a touch of sophistication to everyday transactions. This aligns perfectly with the future-forward ethos of B4B Payments, which is committed to offering cutting-edge payment features that cater to the evolving needs of clients. For businesses exploring premium payment options, the advantages of Biometric Cards were highlighted as a key differentiator in the market.

Inspiring Journeys: Stories from OneMoneyWay and Voly Entertainment

The forum featured inspiring guest speakers who shared their unique insights and visions for the future of payments. One speaker highlighted the challenges many businesses face with traditional banking models and explored how innovative solutions tailored for the SME sector are addressing these obstacles. Another speaker looked at how financial management is evolving in the entertainment industry, emphasising the importance of tailored payment platforms to support the complex financial operations of artists and professionals. The discussion underscored the critical role of flexible and dynamic payment solutions in empowering industries with specialised needs, paving the way for a more inclusive and innovative financial landscape.

Networking and Collaboration: New Ideas and Partnerships

Beyond the presentations, the Client Forum provided an atmosphere for attendees to connect, exchange ideas, and discuss the wider payments environment. Clients and partners talked about trends in the payment industry, whilst sharing ideas and feedback with the B4B team in a relaxed environment.
The forum not only provided a platform for showcasing new products but also acted as a catalyst for fostering partnerships that have the potential to drive industry-wide advancements. Discussions around cross-border payment challenges and the benefits of advanced payment card technology along with real-life stories about the many usages of B4B, sparked interest among attendees, opening up avenues for further partnerships and growth.

A Step Towards the Future

The 3rd Annual Client Forum was a testament to B4B Payments’ dedication to innovation, client success, and industry leadership. The evening encapsulated the spirit of progress and collaboration, from insightful business updates and pioneering product showcases to inspiring stories from industry leaders. As B4B Payments looks ahead to 2025, it does so from a strong foundation of growth, a commitment to excellence, and a community of partners and clients eager to embrace the future of payments. The forum highlighted B4B Payment’s role in shaping the future of payment solutions, offering innovative financial solutions across multiple verticals. Want to learn more about how B4B Payments are revolutionising the payment industry? Stay updated with our latest innovations and see how we can help your business navigate the future of payments, visit. 


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Case studies Insights Payroll & Payouts Uncategorised

Alpha Contract Solutions simplify and streamline payouts to their temporary and unbanked workers

Shot of a young woman working at a construction site

Alpha Contract Solutions is a dynamic HR company, supplying civil engineering consultants and contractors to prestigious projects across Europe. They needed a smart, flexible and secure payment system to manage their payroll of UK contractors, many of whom are working on temporary projects in other countries, without local bank accounts. The innovative and award-winning prepaid Mastercard solution from B4B Payments turned out to be a great fit for their business.

The next level in employee satisfaction

Prior to turning to B4B Payments, ACS used the legacy banking system of international transfers across borders, but found that the process was difficult and time-consuming for both management and the contractors out in the field.

Managing director Sefton Hanley said: “The service we received from banks was slow and expensive with payments sometimes taking days. We need to look after our people, and delays like that are unacceptable.”

With prepaid cards, the process is fast and easy. ACS contractors are issued with an ACS branded card, which can be loaded with funds quickly and securely. There is no requirement from the employee to fill in any paperwork and recipients receive an SMS notification once the payment has been made. They can then use the card to pay for goods and services anywhere a Mastercard® payment is accepted, online or in-store. The funds are immediately available, and the card can be used worldwide 24/7.

Secure, efficient and fraud-proof

The B4B Payment system eliminates the complicated accounting processes involved when handling cash and expense forms. ACS management found the process, with its clear audit trail, an ideal way to streamline their payroll system. If a card is lost, it can be easily replaced, with no risk to the business. The card is sent directly to the employee and usually arrives within 24 hours. If there is an emergency, top-up funds can be loaded onto the card quickly and securely and the system is fully controllable. Incentives, expense costs and rewards are also all easily incorporated and managed.

Outstanding service and support

The management of ACS is dedicated to being hands-on and detail-oriented, with a commitment to supporting complex projects that operate around the clock, in multiple time-zones. This means that they require very high standards of support from all of their suppliers. They found the team at B4B Payments more than equal to the task. From initial meetings to the system going live, the process was smooth and effective.

“The service we’ve received from the team is great – the whole thing has worked well right from day one,” added Sefton Hanley.

For ACS, partnering with B4B Payments has clearly proved to be a winning strategy in managing their payroll efficiently and cost-effectively, with maximum benefit and satisfaction to their employees.

read more b4b customer success stories

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Case studies Education Insights Payroll & Payouts Travel

Education First chooses B4B for simplified travel payment process.

Putting in the dedication to build her dreams

Education First, (EF) is a world leader in educational travel and has been opening up the world through education for over 50 years. Founded in 1965, the team continues to inspire young people through immersive cultural experiences, helping teachers and students to study abroad, explore historical sites and access academic degree programs. With 612 offices and 52,000 employees, EF offers experiences in 114 countries across Europe, Asia and North and South America.

As a group tour operator offering immersive learning experiences, EF needs to be able to quickly and easily send funds from its headquarters in Zurich to tour directors out in the field. These tour directors are at the heart of the cultural experience, expertly guiding groups around exciting destinations and local landmarks. Easy access to a payment solution is vital.

EF and B4B Payments have worked together since 2017 to provide an efficient but flexible solution to ensure funds are easily sent around the globe to the right tour director at the right time.

Prepaid expense cards mean less admin and more time; Time to do the things that matter most.

As a result of our partnership, EF is making use of our round-the-clock corporate expense management system across the world, from London and Lima to Tokyo and Krakow, ensuring greater efficiency throughout the entire company.

“We worked with B4B Payments to install a payments solution that is efficient for the central back-office as well as our global tour needs. We’re very happy with the B4B product and the service we’ve received from the team in London. Not only the initial product we procured in 2017 but also the incremental services they have brought to us based on our changing needs and feedback. B4B understands that we’re not a static business and is happy to grow with us as we move forward.”

Steve Clark, Education First Finance Director

EF uses B4B corporate expense cards to distribute funds to its tour directors all over the world. Our prepaid expense cards are simple to use, which allows tour directors to easily cover on-the-road expenses freeing them up to focus on their number one priority, the travellers.

Mitigating risk and a clear audit trail of funds was a primary goal of EF’s brief to B4B when the programme was set up. It was just as important that the back-office users could find the system easy to use and reduce admin tasks along with the associated stress and pressure these bring. EF uses the B4B’s system ability to bring ‘four-eyes’ onto financial transactions, set differing authorisation and budget levels depending on the tour. Overall, these benefits lead to greater efficiency and optimal performance as our premier expense management platform cuts business costs and excels at a global level.

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Newsroom Uncategorised

The Future of Payments in Sport

Athletes running the future of sports

Hint: It’s cashless

According to UK Finance, there were 39.3 billion payments made in the United Kingdom in 2018. Only 28% of these payments were made in cash, which is a 32% decrease over the past 10 years. By 2028, only 9% of payments are expected to be made in cash, so a huge number of businesses are choosing to ditch the payment method altogether.

The use of debit cards is on the rise and 98% of the UK population now use them regularly. Mobile and contactless payments are also on the increase and businesses from multiple industries, including hospitality and live events, are beginning to see the many benefits that cashless payment models have to offer.

Graph showing payment trends prepaid vs debit and credit
How can b4b simplify payments in sport? learn more

Sports stadiums, however, have been slightly more hesitant to adopt a cashless payment system, due to their long history of customers bringing wads of cash to spend on refreshments and merchandise. However, whether you organise grassroots, domestic, or international sports events, utilising a cashless payment solution in all aspects of an organisation can offer the following benefits:

Prevent Fraud

Many sports venues employ a more transient workforce than other businesses, which can increase the likelihood of employees committing fraud or theft. Using cashless payments for business supplies, employees have fewer opportunities to steal from the organisation and any strange payment anomalies are easier to identify via the data collected from digital transactions. Physical cash can be extremely difficult to keep track of. With a prepaid, cashless payment solution, temporary employees will not be tempted to slip some into their pockets.

Increased customer spending

Research suggests that customers are likely to spend significantly more at sports stadiums when they are paying via card or mobile payments rather than with cash. When your customers don’t have to worry about calculating how much cash they have in hand and physically hand it over, they are much more likely to be freer with their spending, whether they’re purchasing food, drink or sporting merchandise. Depending on the size of your sporting venue, that could add up to hundreds of thousands of pounds more per event and could lead to a significant increase in profit.

Save time and money

Businesses are required to pay a small fee for every cashless payment transaction, but this is insignificant when compared to the money that they could save. Manual cash management takes a significant amount of time and it can often take several hours a day to maintain accurate accounting records. From making trips to the bank to counting cash at the end of the day, the minutes spent handling cash can add up and staff will often have to be paid overtime. Cashless sports venues don’t have to worry about the time spent handling manual payments and will find that they have more time to invest in more important tasks.

Social Distancing

The current global pandemic has seen a huge number of businesses switch to contactless card payments to maintain social distancing measures and reduce the spread of the coronavirus. UK sports stadiums are predicted to reopen as early as autumn, but the post-COVID-19 world is likely to see social distancing measures continue. With cashless payments, customers can safely and hygienically pay for items in sports arenas without having to worry about coming into contact with each other, so it’s likely that we’ll see a further spike in the use of cashless payments in venues all over the world.

read more b4b customer success stories

If you run a grassroots, domestic or international sporting venue and are looking to eliminate antiquated payment processes and finally find the time to do the things that matter, B4B Payments has the perfect solution for you. Our prepaid cards can help you keep control over your corporate payments via a single platform and mobile app. Freeing up your business’s time and money, cut unnecessary costs, and streamline your accounting systems to make your business operations run seamlessly.

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Case studies Education Insights Payroll & Payouts

UWL use B4B Payments cards to tackle student hardship

The University of West London is known as The Careers University. The University has several campus’ including sites in Ealing, Brentford and Reading.

The University offers a wide variety of courses, ranging from business to nursing. 98% of UWL graduates are in employment or further study within six months of graduating. UWL has the highest satisfaction rating of all London universities according to the National Student Survey (NSS).

UWL takes its duty of care for its students very seriously. B4B Payments cards are used as a convenient way to support students who are facing financial hardship whilst pursuing their studies. After qualifying for a hardship payment, students are issued with a B4B card which is instantaneously loaded with the requisite money.

“We find the B4B system really easy to use,” says Helen Prince, Senior Finance Officer. “We often have to make payments quickly or out of hours. B4B Payments allows us to meet students’ needs as they arise, whenever that may be.”

“I’m pleased we could partner with The University of West London to support their students,” says B4B Director of Accounts, Tim Robson. “B4B works with many higher education institutions in the UK to assist them with their expenses, research payments, bursaries or open-day travel payments.”

To find out how B4B can help with payments for your educational establishment, please contact us here.

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Newsroom Tools & Guides Uncategorised

Simple alternative to cash for tour guides

Cash causes so many problems for tour guides out in the field from security issues to admin issues and fraud. It can become extremely complex and troublesome when tour guides are a part of your business model and are out in the field or are working remotely.

Due to this increased demand and opportunity, travel and tour guide companies are now looking at alternatives to streamline their processes, reduce stress and improve business administration, as cash is often a headache to administer and audit. It is also open to fraud and expensive to manage. Cash is a complication that shouldn’t exist in the travel and tour guide sector.

Businesses in the sector are starting to turn to prepaid cards to eliminate cash-based problems and to provide an expenses solution that makes operations smoother.

Solving payroll and funding issues

Prepaid cards allow travel companies to send funds electronically to tour guides or guests, instantly anywhere in the world 24/7. It can also remove any delays caused be traditional banking processes or cash distribution. Eliminating any potential payroll and funding issues can increase employee motivation and as a result, have a positive effect on your business’s customer service.

Increase security and protect your employees

Cash is outdated. Instantly eliminate the burden and risk of carrying or storing cash when travelling is involved, for both tour guides and guests, by using a secure prepaid card. Moreover, prepaid cards are reloadable 24/7 so your employees will only need one card at a time saving your business time and money.

No need for any pesky administration

Prepaid cards can replace petty cash completely. Once combined with expense systems and powerful receipt management tools, companies can manage all of their expenses, payroll, funding and much more on one system. Furthermore, you are able to monitor spending in real-time and integrate with any existing accounting or ERP systems in your business, giving you full peace of mind.

Other benefits

Prepaid cards have obvious cost-based benefits however removing the hassle and headaches associated with inefficient cash-based systems can lead to happier employees. Moreover, this can free up time for your employees and tour guides so that they can focus on their job to create entertaining experiences for tourists and not on their finances. This can lead to higher retention rate with higher performing tour guides who are often difficult to source.

How to choose a prepaid card solution for your travel company

The prepaid solution from B4B Payments offers a Mastercard prepaid card that can be used in the millions of locations globally that accepts payment by Mastercard. Funds can be spent in-store or online, meeting the needs of tour guides, travel companies and other travel stakeholders.

The B4B solution is currently enabling travel companies, tour guides and tourism establishments to replace inefficient cash-based systems for the past 5 years. It was named winner of the Best Prepaid Card Programme category of the Card & Payments Awards 2019. To find out more about how we work with travel companies and tour guides, and how we can help you, call us on 020 3137 3420 or email us at sales@b4bpayments.com.