Global Payout utilises Intradata Solutions’ software for its payment solution

Allowing companies to pay employees in foreign countries

Electronic payment and prepaid debit card solutions company, Global Payout, is signing a licensing agreement with software payment processing providers, First American Electronic Payment Solutions/Intradata Solutions, which will enable the company to employ Intradata’s software to power its MoneyTrac payment solution (view press release). MoneyTrac allows companies to pay its members or employees in foreign countries through a web-based portal in a number of currencies. Accountholders can transfer money from their online account or via a mobile phone to bank accounts of prepaid debit cards. As a result of the deal, Global Payout will be able to manage sales, marketing and customer service for its B2B clients. Intradata will host the platform and provide technical assistance in implementation for each business client. Global Payout will also receive revenue from the platform bases upon a revenue share arrangement between the two companies.

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