Secure online salary payments with Payoneer

October 28, 2008 - 5:43am | News | Plastic cards |
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[img_assist|nid=9691|title=|desc=|link=none|align=left|width=139|height=87]Payoneer, Inc., a leading payment solutions network that provides companies with the efficient options to pay their employees across the globe by means of reloadable prepaid MasterCard cards, reports about new features available with its international payment services. Having implemented this additional functionality the company can ensure security of online transactions.

Payoneer announced that it has adopted 41st Parameter's® PCPrint™, the industry's leading tagless device ID technology used by a majority of top US banks to help reduce online fraud. With PCPrint valid transactions can be quickly identified and compromised accounts are easily detected. The principle is as follows. A customer subscribes for a prepaid MasterCard card with Payoneer on the company website and specifies his/her computer from which the transactions will be initiated. Thus each time a US company authorizes payment to individual Payoneer-registered card holders, Payoneer's infrastructure uses PCPrint to identify the cardholder online so it can record and swiftly validate transactions.

Payoneer offers timely services in outsourcing labor environment because an increasing number of US-based companies look for the services of overseas-located individuals. The traditional methods to make money transfer to these employees prove detrimental to company resources. Hence, Payoneer is an optimal solution as it eliminates not only this but also other inconveniences related to conventional payment options such as weeks-long bank hold times endured by the workers, wire transfer fees, or unfavorable currency exchange policies restricting access to their funds.





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