CLINICAL TRIALS CARDS

CorporatePay's bespoke solution for the clinical trials industry has been designed and developed with our existing clients to meet the specific needs of clinical trials companies. The solution manages payments to participants in a cost effective and efficient manner, both for the company and the participants.

The Clinical Trials Card leverages CorporatePay's existing prepaid card expertise and healthcare experience, providing a simple and cost-effective payment solution accessible to all participants regardless of location or whether a bank account is held or not.

How can a Clinical Trials Card benefit companies within the clinical trials industry?

Given the wide number of participants, varying payment amounts and frequency of payments, Clinical Trials Cards offer a range of benefits to create a cost-effective solution as well as flexibility in terms of card management fees.

• Simplification of payments to participants:
  • Easy and cost effective distribution of payments, with one card per participant, which can be re-used for multiple trials or ongoing payments
  • Inclusive of all participants, whether or not a bank account is held or not
  • Simple, yet robust, remote management of payments, regionally, centrally, or by site
• Improved internal reconciliation and oversight of payments
  • Transparent management of payments improves budgeting, with real time visibility over costs incurred by project, or research location
  • A centrally managed account and real time visibility over account balances and payments also creates an improved audit trail with greater control over payments

How can prepaid cards benefit the participants in clinical trials?

• Funds are available to spend instantaneously, with no need to wait to receive or cash cheques.
• Participants have easy access to their money by ATM or at PoS use, with all cards bearing the MasterCard® logo.
• Reduces participant cost, with no need for expensive cheque enchasing procedures
• Improved security compared to receiving cash payments, with Chip & PIN enabled cards.