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Providing advanced global payouts solution: Interview with Charles Rosenblatt, President of PayQuicker

By Edlyn Cardoza

July 13, 2022

  • AML
  • API
  • Compliance

PayQuicker, Mastercard, SMBs, Digital Payments, API, eWallets, Compliance, AML, KYC, Risk Management, Payment Orchestration, Payouts, API, Financial Inclusion, USA
Charles Rosenblatt, President, PayQuicker

Payouts with respect to financial securities refer to the amount received at given points in time. It is the expected monetary disbursements or financial returns from annuities or investments.

Launched in 2007, PayQuicker, an innovative financial technology leader in the global payouts market, is on a mission to play an integral role in financial inclusivity and ultimately bring compliant, speedy, and hassle-free banking to independent contractors, gig workers, and employees of businesses ranging from startups to large enterprises on a global scale.

The PayQuicker platform provides users instant access to payments via their insured PayQuicker-issued bank accounts. As soon as a payment is made, the funds are available in the insured account and available to spend instantly online through a virtual card, physically with a plastic prepaid debit card, or by loading the card into a mobile wallet.

In conversation with IBS Intelligence, Charles Rosenblatt, President of PayQuicker, discusses its advancing global payout solution.

How does PayQuicker help SMBs?

Small businesses today are at the mercy of a myriad of parties, from supply chains to marketplaces to banks. PayQuicker provides relief when it comes to collecting and making payments and allows them the same access at large corporations. PayQuicker works with SMBs to help pay out their 1099 workers around the globe leveraging easy-to-use tools and advanced technology made easy through a simple API. For the SMBs that are getting paid, PayQuicker allows them to get paid in over 200 countries and 39 currencies through their preferred method, ranging from cash to bank transfer to card to eWallets like Paypal or Venmo. By helping SMBs be able to be paid instantly, our SMBs can run their business without delays.

How does PayQuicker keep its clients safe during instant payments?

Security, privacy, and risk monitoring are essential components of what makes PayQuicker a payment industry leader. PayQuicker holds compliant, secure payments in the highest regard to foster trust and credibility between clients, account holders, partners, and other stakeholders. We offer 24/7 oversight and live agent customer service to ensure regulatory, compliance, and fraud liabilities are mitigated. With this type of rigorous monitoring in place, PayQuicker manages liability well beyond regulation requirements so that its clients don’t have to. With the evolution of payments regulations, we also keep up with AML and KYC practices and maintain steady insight on the latest developments in the payments and security landscape.

Recently, PayQuicker partnered with Mastercard to expand digital payments. What does this expansion access mean for PayQuicker?

It means flexibility and financial equality for our valued clients!

This partnership allows us to deliver client-branded virtual and physical cards, including secured bank accounts and mobile wallet functionality, all through a single point of integration. Together with Mastercard, we share a mission to play an integral role in financial inclusivity and bring speedy, hassle-free banking to independent contractors, gig workers, and the employees of businesses ranging from startups to large enterprises on a global scale. Through the partnership, PayQuicker’s offerings will be available in more than 200 countries.

By leveraging the tremendous assets from Mastercard, this strategic partnership provides an opportunity to expand our product offerings, including our launch of an industry-differentiating Payment Orchestration for Payouts platform.

What makes PayQuicker unique in the payments market?

PayQuicker believes in bringing financial freedom to the communities in which it has been historically excluded on a global scale. Our platform and the team behind it want to ensure that access to an individual’s earnings is as accessible in San Francisco, California, as it is in Puerto La Cruz, Venezuela. Financial inclusivity is the pillar on which our platform stands. With a presence across five continents and service offerings in more than 200 countries across 39 currencies, PayQuicker’s innovative payments platform is seeking to close the gap between antiquated practices and tools that make it easier to access your own money. We understand that having access to hard-earned money where and when you need it is critical.

At a corporate level, with the launch of our Payment Orchestration for Payouts platform, PayQuicker will be offering for the first time that corporate clients can use a single API to connect to over 10 payout partners in a white-label manner, where the client can leverage its brand power. Clients will be led to the lowest-cost, quickest solution in each individual market and be offered more methods for payout than anyone else in the market, all through one API, so they don’t need to connect to multiple vendors, saving time and creating efficiency for their treasury and technology teams.

ALSO READ: Global Payments Vendors and Landscape Report Q4 2021

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