Today, Global Payout, the leading new Program Manager of B2B custom and conventional electronic payment solutions for domestic, international and multinational businesses, organizations, and government agencies worldwide, announced the full integration of fraud prevention, regulatory compliance, and risk mitigation tools into its MoneyTracTM Consolidated Payment Gateway (CPG) payment platform. The integration enables mitigation of illicit activities such as money laundering or other transaction-related offenses, and provides greater security for Global Payout’s clientele as well as customers who use Global Payout’s services.
For these tools, Global Payout has turned to the world’s leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, corporate, risk management, government, law enforcement, accounting, and academic markets. Global Payout will be working with this leading provider of computer-assisted legal research as well as leveraging business research and risk solution services through an application programming interface on all of its product and service offerings for risk mitigation, fraud prevention, and threat mitigation.
At an international level, Global Payout has database interfaces from the Office of Foreign Assets Control and from INTERPOL. Access to the databases of INTERPOL and the Office of Foreign Assets Control is already in effect, and other additional security, risk mitigation, and verification services will commence imminently.
“With our ever expanding market opportunities here and overseas, the many different market niches we are serving and the number of products and services we have to offer, especially in connection with our recent launch of the first international VISA General Purpose Reloadable Debit Card, we want to ensure our customers and industry regulators that we are upholding the highest level of compliance and fiduciary responsibility possible,” said Jim Hancock, the CEO of Global Payout. “We believe that our latest risk management partner, INTERPOL and OFAC provide unparalleled levels of security and background checks sufficient to assist Global Payout from inadvertent participation in illicit activity. As we continue on or rapid growth trajectory, we want to assure our clients and markets of our honorable intentions.”
Bill Rochfort, the President of Global Payout stated, “These risk mitigation experts, INTERPOL and OFAC are industry leading consumer data repositories and multi-national government agencies comprising thousands of different sources and public records able to quickly and seamlessly deliver the verification fundamentals needed for Global Payout to make decisions and conduct business on a global scale. The combination of these services and anticipated future mitigation services, will provide our company and our clients with the level of surety for our continued confidence and success.”
For more information, visit: www.globalpayout.com.
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