the clever solution for Universities
Working across the education sector, mainly with universities, Corporate Cash Passport has provided an excellent solution for providing students with funds through programs such as Erasmus and Leonardo.
The British Council provides funding in Euros directly to universities. Corporate Cash Passport allows the university to load Euros from the university’s Euro bank account directly onto a Euro Card for the student, thus, avoiding expensive, repeat exchange rates.
Corporate Cash Passport also provides you with a solution to managing costly staff travel expenses. Staff that travel for international research and networking can find themselves using debit/credit cards and incurring unnecessary charges/fees, that the university then has to reimburse. Alternatively, they have to carry large amounts of cash which can, of course, have safety implications.
This solution enables universities to monitor and manage expense payments more efficiently by centralising all expenditure. No more travellers cheques, messy cash deliveries or budgetary control issues.