Global Payout, a management consultant services company and
program manager offering companies electronic payment and prepaid card
solutions, today announced it has formed a joint venture with UK-based CCS
Prepay, a business-to-business electronic payment services provider, for more
strategic targeting of international markets.
The joint venture pools both companies’ international
prepaid debit card products and resources together in order to fulfill
specialized client needs more comprehensively and satisfactorily. In
mid-November 2013, the companies had formed a product-sharing agreement on an
EMV (EuroPay, Visa MasterCard Smart Card) Visa International Prepaid Debit
Card, which had been developed with a partner bank in Europe. By the year-end
of 2013, there will be additional joint ventures between the companies on three
more EMV Visa and MasterCard cards, of which will be a global-scale GPR
(General Purpose Reloadable) Card for retail use.
“The prepaid products offered by Global Payout and CSS
Prepay are complementary in many respects but are sometimes different in
geographic restrictions and application uses. We feel it is better for both
companies to share new revenue streams in competitive situations than to leave
clients without best solutions for their requirements. With this new alliance
strategy, we intend for all parties, including our new clients, to be winners,”
says James L. Hancock, CEO of Global Payout.
Mark McDonald, Managing Director of CCS Prepay added, “Both
of our companies were early developers of international prepaid debit cards.
Today the market is rapidly maturing, not only in geographic diversity of
deployment of these products but also in the requisite variety of applications.
By joining forces in this fashion, we are better positioned to capture the
window of opportunity and enhance our collective market share.”
For more information on Global Payout, visit:
www.globalpayout.com
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