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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