Global Payout, a new
multi-national program manager of B2B custom and conventional electronic
payment solutions, is working toward fulfillment of its mission to provide
access to the world’s under-banked and unbaked adult population by expanding
its international prepaid card capability outside of Europe and the United
States.
“Our goal is to
build the world’s largest and most trustworthy money transfer mechanism in the
world,” Jim Hancock, CEO of Global Payout stated in the news release. “We aim
to connect business, government and organizations to the people they are making
payments to wherever they may be and do it cheaper, faster and safer than
anyone else. This is how we intend to make financial inclusion a reality and
reach the 2.5 billion under-banked adults of the world. And by doing so, we
will have meaningful participation in a $3 trillion market.”
The new international
prepaid cards will be integrated with Global Payout’s proprietary Consolidated
Payment Gateway (CPG) financial payments tool, which enables businesses,
organizations, and government agencies to distribute money to their payment
receiving constituents. The constituent can then utilize CPG and Global
Payout’s MoneyTrac™ prepaid cards to manage, spend, and/or transfer money
simpler, cheaper, and more efficiently than traditional bank accounts.
Global Payout is
leveraging its newest financial institution, a MasterCard Worldwide Principal
Member, and its latest card processor partnership that provides processing and
distribution redundancies to ensure operational functionality and the timely
and secure delivery of MoneyTrac prepaid cards. The addition of this new
international prepaid card to the CPG platform extends reach into new and
existing countries while giving multi-national companies a solution for their
members or employees to access and distribute payments or cash.
The expanded
functionalities of bank and processor will allow Global Payout’s MoneyTrac
accountholders to receive prepaid cards, manage and distribute money, receive
multicurrency cards both in dollars and euros, as well as to make payments to
bank accounts and credit cards worldwide.
Global Payout’s aims
to develop payment programs that can reach regions anywhere in the world that
are OFAC compliant with the MoneyTrac CPG. Global Payout is also adding account
opening and verification software that will scan and submit through a camera
phone credentials such as driver licenses, Passports, and other
government-issued identification documents needed to establish accounts.
For more
information, visit www.globalpayout.com
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