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June 2, 2022

PayQuicker taps Mastercard to enhance payment access for global payouts clients

Financial technology firm PayQuicker has partnered with Mastercard to expand access to digital payments for its global payouts clients.

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The partnership will enable PayQuicker to offer clients branded virtual and physical cards, including bank accounts and mobile wallet functionality, through a single point of integration.

The firm’s platform is designed to offer users instant access to payments via its insured PayQuicker-issued bank accounts.

Clients will be able to spend the fund in their insured account instantly via a virtual card, physically with a plastic prepaid debit card, or by adding the card into a mobile wallet.

The partnership comes as PayQuicker seeks to provide hassle-free banking to independent contractors, gig workers, and other employees globally.

PayQuicker will leverage Mastercard to expand its offerings to over 150 countries with local currency cards in more than 30 countries.

The tie-up will also enable the firm to extend its clients the ability to personalise their own card programme.

Furthermore, PayQuicker clients will be able to leverage their Mastercard prepaid debit and virtual cards on mobile wallets.

PayQuicker CEO Paul Beldham said: “PayQuicker has been issuing prepaid cards with secured bank accounts for people around the globe for more than 15 years.

“By leveraging all of the tremendous assets from Mastercard, we’ll have an opportunity to expand our product offerings, including our launch of an industry-differentiating Payment Orchestration for Payouts platform. We’re pleased to be partnering with a long-time, global leader in the space in Mastercard.”

Mastercard Digital Partnerships executive vice-president Sherri Haymond added: “People today require easy-to-access, always-on payments solutions that are relevant to the needs of their businesses and daily lives.

“As our economy becomes more and more digital, we look forward to working closely with PayQuicker to bring greater access to everyone and ensure that we’re not only meeting, but exceeding those financial needs.”

PayQuicker caters to a number of markets through its new payment orchestration for payouts solution, such as consumer, direct selling, clinical trials, and e-wallet programmes.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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