Blog
9 Jul 2024
Imagine better, more bespoke payment cards
Advanced spend controls let you limit how, where and when cards are used
See use casesHow Enfuce’s advanced spend controls are used in practice by our customers
Advanced Spend Controls enable card issuers to tightly restrict how, where and when their payment card is used on group and individual cardholder levels. This includes limits based on transaction, country, and individual, group and types of merchants (MCC) - which can range from retailers, to airlines, car parks, road tolls and many more.
Offer competitive differentiation and customer loyalty.
- Provide truly bespoke, competitive cards and improve customer loyalty.
- Help customers provide personalised employee benefits, different expense cards and other unique offerings.
Strengthen your customers’ brands and values.
- Help your customers strengthen their brand, by ensuring usage is in line with brand values – such as healthy restaurants for a healthy lifestyle brand.
Protect cardholders through safety, security and fraud prevention.
- Protect cardholders with restrictions for safety and security.
- Help clarify, empower and enforce spend policies, ensuring money is used for intended purposes only and preventing intended or unintended misuse or fraud.
How it works, and what you can control
Highly flexible, autonomous and supported
As the issuer, you are empowered to define, and assign spend controls independently of Enfuce – via APIs. But we are still here to support you. Rules can apply to single cards and/or a group of cards and multiple rules can apply per card.
Controlling any type of spend, with a series of configurable rules
Examples include limiting airlines and the cost of flights booked by employees. Or for a governmental department to restrict usage of benefits money to its intended purpose. Or to limit card use to predefined merchant chains linked to the company’s brand values.
Limit usage by different merchant types
- Merchant category (MCC): This is a list of categories of merchants, from airlines, to restaurants, car hire, fuel stations and many more
- Merchant: This can be a specific merchant in a specific location, or for example a chain of merchants
Define where the card is used
- Merchant country: You can limit usage per specific countries or in one
- Regional block: You may want to restrict on a continent level
Apply limits to how the card is used – and to which amount
- Transaction limit: Limit spend amount per individual transaction
- Spend limit: Apply limits on a daily, weekly or monthly basis
- ATM spend limit or block and ecommerce block: If you don’t want users to access ATMs for cash, you can apply limits daily, weekly or monthly. Equally, if you don’t want them to buy online, you can apply this block.
FAQs
Do we need Enfuce to apply the rules for us each time we want to change them?
No. We have designed these rules in a way that each one can be added and removed by yourselves. You don’t need our involvement unless you want it. But we are always here to support and consult.
Is there a limit to how many controls can be applied per card?
No, there is no limit, so the different types of use cases are very broad, depending on the types of rules that you apply to each card. The use cases we have shown here are simply examples, to help you get creative and start relating them to your own businesses.
Can we apply rules by groups of people?
Yes, you can apply spend limits according to different types of groups of people and their spending permissions. Or you can do it individually. Or you can do both – and apply a broad group rule, that is then personalised and tweaked for individuals.
Want to know more? Contact us!
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