Payoneer Integrates with 41st Parameter to Reduce Fraud

International Business Times reports today that Payoneer, which is a leader payment solutions that help companies pay other companies worldwide by using reloadable PrepaidMasterCard cards, has integrated 41stParameter's® PCPrint into its international payment services.

PCPrint is industry’s leading tagless device that many banks use across the world in order to reduce online fraud. Payoneer already helps companies pay more efficiently, and at lower costs, but now it is looking to also quickly identify valid transactions. Fraud is a big concern for prepaid card providers, and so this integration will help better manage online transactions.

Ori Eisen, founder and chief innovation officer of 41stParameter mentions:

"Our technology helps banks Member Service Providers -- like Payoneer – as sure their banking customers that the individuals they make payments to are valid. We are proud to help simplify and protect the international payment process by providing the most effective online device IDtechnology."

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NETELLER Launches Net+™ Virtual Prepaid Card by MasterCard

The online wire reports today that NETELLER, the leading provider of online payments, as announced that it will provide its e-wallet customers with the NET+TM cards. This is possible through its partnership with TransSend Payment Services.

The Net+TM Prepaid MasterCard will allow consumers to access their funds at ATMs and points-of-sale. The card will be usable in over 27 million locations including 1.9 million ATMs. David Gagie, the President of the NETELLER Group’s Member Services division mentions:

"The launch of the Net+TM prepaid cards will provide our consumers with a more convenient and cost-effective way to withdraw cash and make purchases using the funds in their e-wallets. This launch is a key part of the Group’s strategy to bring new customers to the NETELLER e-wallet and to extend the lifetime value of existing customers."

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Web Based Business Prepaid Payment Solutions

As our previous post mentions, many employers are turning to prepaid cards as an alternative for paying employees. Now, Payoneer is offering Web based businesses a way to pay individuals worldwide using a "direct to co-branded prepaid MasterCard", as stated on their webpage. This is a win win situation since it provides cost savings to organizations, while allowing employees access to funds without the hassle that often accompanies having a bank account.

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