SOURCE: NYI

NYI

November 05, 2014 08:01 ET

PEX Card, the National Business Prepaid Card Company, Selects NYI as Colocation and Business Continuity Services Partner

Leading Payments Technology Company Looks to NYI for Reliability, Security and Network Operations Support to Successfully Maintain Its High Availability Platform

NEW YORK, NY--(Marketwired - Nov 5, 2014) - NYI, a New York company specializing in customized technology infrastructure solutions, announces today that PEX Card, the payment industry's leading commercial prepaid card company launched to streamline employee expense management, has chosen NYI for its premium colocation and business continuity services. NYI's data center facilities support the PEX Card platform, which powers an expense control solution that enables businesses to manage day to day operational expenses.

PEX Card, privately held and headquartered in New York City, provides robust web and mobile apps that companies use to control how their employees use the PEX Visa® Prepaid Card for expense purchases. The service is the card industry's first turnkey corporate prepaid card solution. PEX Card customers budget and control pre-funded deposits that employees use for daily spending. NYI is providing PEX Card with a full range of colocation and managed services.

"As a prominent payment platform that companies rely on day in and out, the need for high availability is paramount," comments Toffer Grant, CEO and Founder of PEX Card. "Our customers use their PEX Visa Prepaid Cards all around the world as they travel and the system we operate to facilitate that is hosted from NYI's facilities. NYI has all the redundancy required to maintain a high availability platform, easily meeting all of the various standards required to operate a payments business such as ours."

According to Mercator Advisory Group Inc., the amount of money loaded on general purpose reloadable prepaid debit cards almost tripled from 2008 to 2012, rising to $76.7 billion. It is predicated that the number will rise to $168.4 billion by 2015.

"As a rapidly growing payments technology company and marketing business; PEX Card is heavily focused on its technology development and superior support for its customers," comments Phillip Koblence, Chief Operating Officer of NYI. "Providing expert support and high level performance to our customers like PEX Card, while ensuring trust, reliability and quick response times, is what NYI is all about. We are proud to have earned that trust and satisfaction from PEX Card, and attribute that to our extensive capabilities, agility and a hardworking team."

NYI owns and operates data centers in New York and New Jersey. In addition to serving the Northeast, NYI also extends its data center, managed and cloud services across the coast, with facilities located in Seattle and Los Angeles. With 100% uptime, NYI facilities are SSAE-16, HIPAA and PCI compliant and offer 24x7x365 onsite support.

For more information about NYI, visit www.nyi.net.

Learn more about PEX Card, go to www.pexcard.com.

About NYI
At NYI, we understand you're important and so is your business. Our approach is simple, effective and unique in our marketplace. We look beyond our world-class data centers and focus on supporting customer growth and success acting as a genuine extension of your IT team. Since 1996, we have provided our customers with fully managed, highly customized infrastructure solutions built to suit their specific business and mission critical IT needs. Our customers view us as a true partner; always available for round-the-clock support from a team they know and trust.

Colocation - Cloud - Hybrid - Managed Services - Disaster Recovery

NYI is SSAE 16, PCI and HIPAA-compliant. For more information, visit www.nyi.net; call (800) 288-7387; or follow the company on Twitter and LinkedIn.

About PEX Card
PEX Card is the payment industry's leading commercial prepaid card company launched to streamline employee expense management. The PEX Card Admin web and mobile app portals include innovative control features for managing pre-funded deposits that companies can direct to Visa prepaid cards employees use for day-to-day spending. Businesses that integrate the PEX Card Service into their operations save time, money and improve cash flow visibility. The company is committed to introducing innovative services that better facilitate card-based purchasing commonly made by mobile work forces. PEX Card is partnered with key industry leaders, including The Bancorp Bank, and Visa U.S.A. Inc. PEX Card is privately held and is headquartered in New York City.

The PEX Visa Prepaid Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A Inc. The Bancorp Bank; Member FDIC.

Contact Information

  • For NYI media inquiries, please contact:
    Jaymie Scotto & Associates
    +1.866.695.3629
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    Press contact:
    PEX Card
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