The way we pay for
goods and services has changed greatly over the years. In the past, cash was
king and it still may be, but there’s no doubt that today, nearly everything is
electronic. The electronic payments industry is full companies dedicated to
finding the best and most innovative ways to handle the electronic exchange of
currency. Global Payout, a San Francisco-based electronic payment solutions provider,
is one company that’s looking to streamline and improve the way businesses
think about their payment options in today’s Internet age.
Global Payout is
making a name for itself in the business-to-business market, which can be
valued at about $3 trillion dollars. Its product offerings currently include
prepaid debit cards and e-wallet solutions that cater to the differing needs of
small-sized, mid-sized, and large-sized businesses. Global Payout has also
serviced government organizations, religious organizations, and unions.
The company sets
itself apart by offering a Consolidated Payment Platform, prepaid cards, and
other customizable solutions that are easier to use and have fewer costs
associated with them than those of its competitors. Global Payout’s customers
have a whole host of electronic payment services to choose from: they can
distribute funds, pay employees or organizations whether they have bank
accounts or not, use the services for payroll purposes, make vendor payments,
offer rebates, and can offer general spend prepaid programs. Customers can also
look to Global Payout for assistance in transferring money to bank accounts and
credit and debit cards.
So far, this year is
shaping up to be one of positive momentum for the company. Representatives even
stated in January that they believe 2014 will be Global Payout’s breakout year.
Several important milestones have either been reached or will be reached in the
near future. This week, the company announced that it has significantly
expanded the geographic reach of its MoneyTrac™ consolidated payment platform.
After the end of the first quarter of this year, the company will be able to
transfer money to China Union Pay accountholders in various countries. By the
end of the second quarter of this year, the company should be able to issue
cards to employees and independent contractors of Asian companies that have a
presence in several countries.
We’re looking
forward to seeing what the rest of 2014 has in store for Global Payout and what
they have in store for e-payment solutions industry. For more information,
visit the company’s website at www.globalpayout.com.
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