Today, Global Payout
announced that it had signed a major agreement with Payment Processing
Alliance. The company notes that this contract is its first venture into a new
and developing market niche, and that the agreement will provide fund disbursement
options for Payment Processing Alliance’s customers whom are in payroll
processing and eCommerce businesses. Even though the contract is a
business-to-business contract, Global Payout says that it will ultimately
benefit business-to-customer clients of Payment Processing Alliance’s
customers.
“Payment Processing
Alliance’s business-to-business client base requires a dependable and secure
payment platform that can scale up largely, quickly, and easily with only
incremental cost increases,” said Shelly Biondi, CEO of Payment Processing
Alliance. “The Global Payout platform provides a best-in-class solution for our
clients to accomplish this while seamlessly accessing their funds through bank
accounts, debit and credit cards, and international prepaid cards.”
“With their
extensive background in the payment services industry and their established
banking relationships, Payment Processing Alliance puts a premium on their
customer satisfaction,” Bill Rochfort, President of Global Payout stated. “We
have a great partner and growth opportunity with PPA and the ideal application
to support their client base.”
Currently, Payment
Processing Alliance supports a broad client base across a range of industries,
including payroll processing, e-commerce merchants, utility companies, medical
groups, and affiliate marketers. Over 200 client companies are currently
integrated with Payment Processing Alliance’s automated processing interface.
Payment Processing Alliance has also developed a range of fraud detection
services that protect client merchants and their customers from having their
financial or medical record information compromised.
Payment Processing
Alliance also serves as an ACH provider across a range of industries. These
industries served include: banks, money service businesses, and organizations
that primarily sell their products and services over the Internet. For its bank
partners, Payment Processing Alliance offers a variety of programs including
lockbox services, turn down programs, and medical banking applications, among
which the company offers customized business payment solutions for a wide
variety of e-Commerce industries beyond ACH. Those solutions include Check 21
and Merchant Credit processing, and Global Payout anticipates the expansion of
its services to Payment Processing Alliance to meet demand in other niche
markets.
With the contract,
Payment Processing Alliance’s customers will receive a greater variety of
disbursement options that extend beyond traditional check, cash, or wire
transfer options. Payment Processing Alliance projects that fund disbursements
to Global Payouts’ prepaid debit cards will reach 3,000 transactions a month.
Global Payout anticipates that the full activation of these accounts and
prepaid cards will bring it strong transactional revenues in 2014, beginning in
the second quarter. With the agreement, 1,000 prepaid cards will be delivered
for an initial rollout. Global Payout says that its prepaid card option will be
of value to Payment Processing Alliance customers without bank accounts, or who
do not wish to deposit disbursement monies into their accounts.
For more
information, visit: www.globalpayout.com
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