Demand for viable payout alternatives
Global Payout, and electronic and prepaid payment solution provider, is entering an agreement with San Diego based Boundless Payment Solutions (BPS) to issue international debit cards to foreign residents (view press release). BPS was formed from the merge of two companies, one that specialised in remittances and the other in international banking. Through BPS’s relationship with international banks, Global Payout is launching a prepaid debit MasterCard with Cirrus/Maestro that can be used by residents of most international countries. Cardholders can use the card at around 1 million ATM locations and around 30 million brick and mortar and online merchant locations. Internet account access is offered through the bank issuer and there is 24 hour customer service in 16 languages. Global Payout is currently issuing the cards to qualified international businesses.
“The demand for viable payout alternatives has increased in the international market,” said Global Payout CEO, Jim Hancock. “The prepaid debit MasterCard accounts will allow our multinational clients to efficiently make payments to its members and employees and provide for instant access to their funds.”
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