October 30, 2015
Penny Inc, a provider of payments, expense and travel management solutions for small to medium-sized businesses, today announced the launch of the Penny Inc prepaid MasterCard card program which is virtually connected to a mobile app. Penny monitors and manages employee expenditures, significantly reducing the time spent on expense tracking and administration processes. The LTP team had the pleasure interviewing John Battley, CEO of Penny Inc. John shared some interesting insights on the new approach to manage business expenses. Here is the transcript of the interview:
LTP: Looks like Penny Inc is just coming out of "stealth mode." What can you share with us now? What is the product?
John Battley: Penny is a new approach to managing business expenses. It consists of a prepaid MasterCard card virtually connected to a real-time mobile app. From the app, you can manage your card, expenses and travel. Penny is built on the open API payment innova ...