A real problem that faces many domiciliary carers and local authorities is the requirement for many carers to handle money belonging to service users on a daily basis. Managing the finances of vulnerable individuals invariably requires the need to pay for everyday purchases such as food and other household shopping items.
This can be problematic for many carer organisations or local authorities that provide domiciliary care to service users in their own homes or within assisted living environments as manual cash handling can represent heightened exposure to incidences of cash mismanagement.
Certainly the need to maintain robust financial systems and provide a secure audit trail can be tested when it comes to the practicalities of using the money of individuals in care to purchase everyday items. At best care providers often struggle with the administrative need to balance cash in cash boxes and keep and record receipts for audit purposes. At worst the systems in place are not secure and theft and incidences of financial abuse are open to occurrence.
At Money Carer we have examined the status quo regarding cash handling and utilising modern payment processing technology we have developed more secure methods of addressing daily purchasing requirements within a controlled budget environment.
MasterCard Based Carers Expense Facility
In partnership with MasterCard, the carers expense card has developed a number of carer focused expense card products that can be used to reduce exposure and risk associated with the handling of client monies by carers. Essentially, our secure payment processing systems allow us to electronically transfer funds to the carers expense MasterCard in much the same way as Pay-As-You-Go mobile telephones operate.
In short the expense cards allow carers to make purchases with the same security as any other chip and pin protected MasterCard but without the need to extend a credit facility via the cards. The Carers Expense card is topped up by Money Carer on a daily, weekly or monthly basis depending on the particular purchasing needs by carers caring for our mutual clients.
The Carers Expense cards developed by Money Carer offer a secure and fully audited purchase trail for carers and provide a more efficient and less time consuming way in which household purchases can be made as part of the care delivery process.
For more information about the Carers Expense Card please contact us and we will be happy to discuss how we can assist you or your organisation.
