Introducing Physical Cards: A New Solution for In-Store and Travel Business Expenses

One of the most important financial operations that should be taken care of in global companies is their expense management process. The traditional way of managing employee expenses - with out of pocket payments and reimbursement forms that can take 12 days on average - creates cashflow issues for both the company and the employees, spending visibility problems and severe delays. Business corporate cards have been proven by studies to reduce time spent on expense reporting by over 60%, improve cash visibility and budget management. This is why, in addition to our successful virtual cards, we’ve just launched Fyorin’s own physical cards - to streamline in-store and travel business expenses with added flexibility, control and security.

Here’s a look at the key features and how they address common challenges faced by finance teams and employees alike:

One of the biggest pain points for employees is paying out-of-pocket for business expenses, especially for frequent in-store or travel-related purchases. With Fyorin’s physical cards, employees get direct access to company funds, eliminating the need for personal spending and reimbursement forms. Instead, they can simply use their Fyorin card, attach the receipt and have all the expenses tracked in real time.

For finance teams, on top of the tedious process of chasing people for receipts at the end of the month, out-of-pocket spending can create visibility and cash flow issues.

Fyorin’s physical cards automatically track and record all transactions through a central dashboard, while employees can add receipts on the go through a mobile-friendly website. This allows finance teams to ensure compliance and monitor expenses in real time.

For businesses operating with multiple accounts or currencies, managing separate cards for each account can be inconvenient and costly if we consider all associated fees.

With Fyorin you only need one card for all business expenses. Link multiple Fyorin accounts to one card and easily switch between them to choose the right account for each transaction. This keeps budgets in check and avoids expensive currency conversion fees when paying in multiple currencies.

Controlling spending is easier with Fyorin’s physical cards. Link a card to a specific account or sub-account with a pre-set budget or set custom controls or card limits so that teams and individuals get access to company funds without worrying about approvals.

Security is paramount when it comes to company funds. Fyorin’s physical cards are designed with built-in security features, including the ability to remotely freeze or delete cards if they’re misplaced or stolen.

The sleek design of our cards is just not aesthetic - our cards display no account or personal information, reducing the risk of fraud or misuse if lost. For online purchases, virtual card details are still accessible through our secure online portal.

Our physical cards bring you the same benefits as the virtual cards - 0% transaction fees, wide acceptance and access to high spending limits (€250,000 and more). Most importantly though, you can still enjoy cash rebates with every purchase, making it the ideal solution for businesses wanting to improve their bottom line.

With Fyorin’s physical cards, finance teams gain greater control of the budgets and oversight of the expenses in real time, while employees experience the convenience of seamlessly accessing company funds wherever they go.

Say goodbye to manual reimbursements and out of pocket expenses and streamline your team’s expenses today.

To order your card, reach out at [email protected] or book a demo.

*As of January 2025, the Fyorin Physical Card is available exclusively to business customers based in Malta. Availability for business customers outside of Malta will be announced in the near future.