ProXpense and Pine Labs launch AI-powered corporate prepaid cards

ProXpense and Pine Labs have partnered to launch co-branded corporate prepaid cards integrated with an AI platform. This aims to embed payments directly into enterprise expense workflows. The cards replace employee reimbursements with controlled, real-time corporate payments, addressing issues like limited visibility and policy enforcement. Finance teams can set granular spending controls and capture transactions automatically. Pine Labs will provide the card-issuing and processing infrastructure. This collaboration seeks to enhance governance, compliance, and operational efficiency for corporate spending.