Roomservice By CORT Simplifies Expense Management With Prepaid Card

Roomservice by CORT, the UK's leading furniture rental company has simplified the management of its expenses by issuing staff with prepaid MasterCard® expense cards that can be used instead of cash for disbursements. End Quote

(1888PressRelease) June 18, 2010 - Roomservice by CORT, the UK's leading furniture rental company and part of the Berkshire Hathaway group, has simplified the management of its expenses by issuing staff with prepaid MasterCard® expense cards that can be used instead of cash for disbursements.

The company's delivery and fitting staff now use CorporatePay's Prepaid MasterCard Expense Cards to cover their costs on the road. The cards, which can be used anywhere the MasterCard Acceptance Mark is shown, are loaded with funds and used to pay for hotels, fuel and other expenses which staff incur whilst delivering and fitting furniture for their clients.

Roomservice by CORT controls expenses centrally via CorporatePay's online system, allowing funds to be moved on and off cards, transactions to be monitored and new cards to be created simply and efficiently. Card holders can also check their balances and transactions online free of charge, or via the CorporatePay text service.

"CorporatePay's Prepaid Expense Card has made life much easier for all our staff in the warehouse who incur expenses when they go out on deliveries and collections." says Linda Langdale, Financial Controller at Roomservice by CORT. "All of our warehouse crews have now relocated to the other side of Chessington and the cards remove the necessity of a special trip from the warehouse to our offices to collect a cash advance.

"Our warehouse manager is very happy with our ability to track expenditure and remove unused balances when a trip has been completed. We are also able to enforce a more regular submission of receipts from the warehouse crews, as printing off statements takes some of the sting out of completing expense forms by hand and they can just attach their receipts and sign the form!"

Langdale continues: "It's not just living expenses that the cards are handy for. When our fitters are at a property they can use the cards for small purchases, like new lightbulbs, to make sure we provide an excellent service. But we've found other uses too. We regularly review and improve our stock of furniture, so if someone is going to a trade show we can give them a card. If they see some great products they can call the office, discuss it, and if we agree then we can load the card on the system and they can make the purchase there and then. It's quick and simple and gives us a lot of flexibility."

Myles Stephenson, CEO of CorporatePay, said "The CorporatePay Expense Card offers a cost effective and secure solution for Roomservice by CORT and other companies which have previously used cash for employee expenses. It's convenient for employees too, giving them added security over their expense funds so they don't have to worry about envelopes full of cash, and they can even check the balance by text."

The CorporatePay Expense Card can result in significant savings and provide an unprecedented level of cost control as all expenses incurred by employees can be tracked. It also saves financial controllers and staff time and effort in completing expense forms.

CorporatePay Expense Card:
The CorporatePay Expense Card is a practical solution to the issue of business expenses, and can be used in place of cash advances, purchasing cards, per diem allowances and corporate credit and charge cards. Designed specifically to meet the demands of corporate expenses management, the market-leading prepaid solution can deliver significant improvements in profitability by reducing the financial and operational burdens of administering business expenses. The online portal allows company administrators to dynamically allocate funds as required and to access balance and transaction data online, providing up-to-date intelligence and closer control over employee expenses. For more information please see http://www.corporateexpense.com/ .

About CorporatePay:
CorporatePay deliver market leading prepaid card programmes which enable our clients to transform how they manage payments with their employees, suppliers, customers and citizens. We combine our extensive payment industry knowledge with deep domain expertise in all the markets we serve, ensuring our solutions are customized to resolve specific payment issues and challenges, as well as providing new opportunities to generate revenue and improve profitability through the innovative use of prepaid cards.

For general enquiries please contact:
info ( @ ) corporatepay dot co dot uk
CorporatePay Limited
2nd Floor
26-28 Hammersmith Grove
London
W6 7AW
United Kingdom
Tel: +44 (0)845 508 4579

About Roomservice by CORT:
Roomservice by CORT is the UK's leading home and office furniture hire provider. It specialises in designing and furnishing residential property interiors and providing commercial furniture rental solutions. The company has been creating and delivering high quality, practical and stylish interiors for over 20 years and its client list is testament to the consistency of its service.

For general enquiries, please contact:
sales ( @ ) roomservicegroup dot com
28 Barwell Business Park
Leatherhead Road
Chessington
Surrey
KT9 2NY
Tel: +44 (0) 20 8397 9344

About Newcastle Building Society (www.newcastle.co.uk)
Newcastle Building Society is the biggest building society based in the North East and one of the strongest mutual building societies in the country. With assets of over £4.5bn we are certainly large enough to cope but small enough to care deeply about the needs of our members. We are committed to providing a range of innovative and attractive products.

Newcastle Building Society is committed to remaining mutual and by doing so we feel we are better placed to continue to provide our investors with the quality of service expected from one of the country's strongest building societies.
About Newcastle Card Solutions (www.nssl.info)

Newcastle Building Society's Card Solutions division was launched in 2005 and offers BIN sponsorship, card issuance, settlement services and complete regulatory compliance. It is currently ranked as the largest provider in UK and Europe by MasterCard® on monies settled, and seventh globally on MasterCard prepaid network, with over 300 live schemes. It has over 1.25 million of its issued cards active month on month settling over $1.3 billion annually.

Card Solutions issues a range of card programmes including:
- Debit cards
- Retail gift cards - replacement of paper gift token.
- Teen cards - 13-plus age introduced to card holding.
- General spend cards for adults without access to banking facilities.
- Travel cards - Safe convenient alternative to travellers cheques.
- Corporate incentive cards - cards issued direct to employees as reward payments.
- Payroll and Payroll Plus cards - salary payments for employees.

The Society is a MasterCard Principal Member, with the most MasterCard approved prepaid programmes in the UK. Card Solutions holds a SEPA licence and have live programmes in the UK, Ireland, Germany, Belgium, Poland, Spain, Italy, Portugal and Hungary.

MasterCard is a registered trademark of MasterCard International Incorporated. The Card is issued by Newcastle Building Society ("NBS") pursuant to licence by MasterCard International Inc. NBS is authorised and regulated by the Financial Services Authority as an issuer of e-money (registration no. 156058).

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