Under the terms of the deal, Global Payout will manage sales, marketing and customer service for their B2B clients. Intradata will host the platform and will provide technical assistance in implementation for each business client. Global Payout anticipates the platform will be launched around mid-August 2012.
The payment technology developed by Intradata is used worldwide by global companies as well as government entities including TSTT (Trinidad and Tobago), TTT Moneycorp and Global Money Remittance. The payment platform is also used by numerous international money remittance businesses worldwide.
Global Payouts MoneyTrac platform enables multi-national companies to pay their members or employees in foreign countries through a web-based portal in several currencies. Accountholders can transfer money from their online account or by cell-phone to bank accounts or prepaid debit cards.
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