Frequently Asked Questions

Q: Who is CenterCard for?

A: CenterCard is perfect for growing U.S.-based businesses who are ready to improve their financial processes and establish a strong fiscal culture. CenterCard will be particularly helpful for businesses with employees who travel frequently, or who currently use some kind of expense management software.

Q: When will CenterCard be available?

A: We are planning to have the program available late 2018. Be sure to sign up for the latest updates.

Q: Is CenterCard secure?

A: Yes. CenterCard, the Connected Spend Management software, and the CenterCard mobile app were designed from the ground up for security. CenterCard uses the same industry-standard EMV chip as other debit and credit cards. To keep your data private, all communications between the mobile app, web dashboard, and Cloud use encrypted connections. Our Cloud is hosted in Amazon’s data centers and uses network segmentation to minimize administrative access to sensitive data. We undergo regular testing by third-party security auditors. Center does not store your card in its Cloud or mobile apps.

Q. What is the difference between a business debit card and a business credit card?

A. The difference between a business credit card and a business debit card is in how accounts are funded. With a business debit card, the company pre-funds its account, and card transactions are deducted directly from those company funds. With a business credit card, the business uses a credit line to fund transactions. At the end of the month, the business pay down this credit line, and the cycle continues each following month.

Q. Will you offer a credit card option?

A. We currently offer a debit card program in partnership with Central Bank of Kansas City. We know that credit is important for our customers, and we are actively pursuing opportunities to offer that option.

Q: How much will CenterCard cost?

A: We have not yet finalized pricing, but we expect to be able to offer CenterCard along with Center’s Connected Spend Management software for about the same price as the annual fee for typical corporate card programs.

Q: Is CenterCard available outside of the U.S.?

A: CenterCard will be available only in the U.S. initially.

Q: What’s the difference between Center ID and Center?

A: Center ID is our official company name. We are doing business as Center.

Q: How do I share my idea for making CenterCard better?

A: We’d love to hear your feedback! Just drop us a line at hello@centerID.com.

 

 

 

July 2018