Global Payout
participates in the $791 billion pre-paid card market as a provider of
electronic and pre-paid payment solutions that can be used by companies
worldwide. As it advances its position in the rapidly growing pre-paid card
market, Global Payout is seeking out new revenue streams and opportunities to
strengthen its product offering.
As part of this
mission, Global Payout in November entered into a joint-venture agreement with
CCS Prepay UK Ltd. to combine synergies and better reach each company’s client
groups’ card production needs and customer services.
The partnership is
also expected to result in additional joint-venture agreements on three more
EuroPay, Visa MasterCard Smart Cards, including a globally deployable
reloadable card for the retail scene.
Consumer trends
continue to shift toward the most convenient and widely accepted payment
methods, creating a competitive environment in which companies in this space
must establish flexibility, innovation, and ability to forage strategic
partnerships. Recognizing this, Global Payout demonstrates its ability to keep
up the pace in this evolving marketplace.
The company also
recently signed a deal with ImageWare Systems, Inc., a provider of cloud-based
multi-modal biometric identity management solutions. Per the agreement,
ImageWare will provide its patented GoCloudID™ Software as a Service (SaaS)
platform, which will enable security solution designed to run on top of
Fujitsu’s Global Cloud Platform (FGCP). Together, Global Payout and ImageWare
will enable secure access services for users of Global Payout’s Consolidated
Payment Gateway (CPG).
The company’s
MoneyTrac CPG provides clients with several payment options through a worldwide
payment solutions platform tied to banks, card associations, and payment
processors. Leveraging established processors and banking relationships, CPG
offers access and payments to international and domestic bank accounts, debit
cards, and other payment systems in more than 120 countries through desktop and
mobile device.
For more information
on Global Payout, visit: www.globalpayout.com
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