San Diego, California-based Global Payout thrives on the strategic relationships it has built with issuing banks, stored value processors and payment processing platforms as well as its marketing alliances which reach around the world. Led by a team of experts in national and international payment delivery solutions, Global Payout has widespread experience in developing and implementing customized payment options that are linked to banks, payment processors, and card associations and that provide the company’s clients with a one-stop solution that addresses their requirements and any challenges in their payment delivery process.
Global Payout is presently striving to make 2014 a breakout year in sales revenue, new contracts, and new clients.
In keeping with this goal, Global Payout recently won a new contract to provide recurring payroll disbursements to the employees of a multi-national customer. The customer, ADB Private Limited, will make use of Global Payout’s proprietary MoneyTrac Consolidated Payment Gateway (CPG) and international prepaid cards for over 5,000 of its employees; additional contracts are also likely.
ADB has committed to using the MoneyTrac Consolidated Payment Gateway and debit card as its chosen method for making recurring biweekly payroll payments. The CPG, a ground-breaking payment platform, facilitates easy and economical access to payroll disbursements, money transfers, cash access, and account management for its customers and their constituent cardholders. The payment gateway is also designed to make payroll disbursements cheaper for the user, and simpler and more convenient for the payment recipient.
The Global Payout/ADB agreement calls for ADB’s instant purchase of 5,300 co-branded, prepaid debit cards. Once the CPG is activated, ADB’s employees and constituent cardholders will receive immediate access to their payroll earnings on a prepaid debit card due to the payment gateway’s capabilities. The co-branded, prepaid debit cards will provide instant access to employee wages and function like any other debit card by allowing the employee/recipient to make ATM withdrawals, online purchases, money transfers, and general spending purchases at retail locations.
The average disbursement is expected to be about 700 euros every other week for all 5,300 employees. Global Payout will generate significant revenue from this contract while providing substantial payroll savings costs to ADB Private.
For more information, visit the company’s website at www.globalpayout.com
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