Today Global Payout,
the leading new multi-national Program Manager of B2B custom and conventional
electronic payment solutions, announced that it had won and signed a contract
with ADB Private Limited, a wholly owned subsidiary of Mater Holding Group. The
contract will give ADB Private Limited’s 5,300 employees access to Global
Payout’s proprietary MoneyTrac™ Consolidated Payment Gateway and co-branded
prepaid debit cards.
ADB Private Limited
is the servicing and administrative organization for all clients of Mater
Holding Group. The contract positions Global Payout for making the Consolidated
Payment Gateway and prepaid debit card solutions to all of Mater Holding
Group’s clients and subsidiaries. At present ADB Private Limited is serving
customers in 31 countries across the globe, with a heavy concentration in
western Europe.
In the contract, ADB
Private Limited has indicated Global Payout’s electronic payment solutions as
its preferred method of making recurring biweekly payroll payments. Global
Payout’s Consolidated Payment Gateway gives easy access to payroll
disbursements, money transfers, cash access, and account management for its
clientele and their constituent cardholders. According to the contract, 5,300
co-branded, prepaid debit cards will be immediately purchased. When the
Consolidated Payment Gateway has been initiated, ADB Private Limited employees
will be able to instantly access their employee wages and make online
purchases, ATM withdrawals, money transfers, and general spending purchases at
retail locations.
It is estimated that
the average disbursement will be 700 Euros every 2 weeks for all 5,300
employees. Global Payout will earn strong revenue from the contract while
helping ADB Private Limited cut down heavily on payroll costs.
“This is a very
significant contract for Global Payout,” said William Rochfort, President of
Global Payout, Inc. “And it proves the viability of our Consolidated Payment
Gateway self-directed payments platform in a multinational, multi-currency
setting. We are looking forward to working with ADB Private Limited to
facilitate their payout requirements, and we anticipate additional
international opportunities based upon their growth for 2015 and 2016 and their
ownership of and affiliations with numerous other companies. They have had
tremendous success in building their business through major contracts awarded
from the Italian federal government and developing outsourced business services
for entrepreneurs and startups, significant markets where we can add value,” he
added.
“Our employees and
clients will be extremely pleased to access and manage their earnings with the
added options to deposit to their bank, a prepaid card, or credit card” says
Antonio Delfino, Executive Director of ADB Private Limited. “With Global Payout
as a business partner, we can offer payroll services as a part of our existing
portfolio for timely and secure payments.”
For more
information, visit: www.globalpayout.com
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