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MIAMI, FL, February 22, 2021 /24-7PressRelease/ -- Payall Payment Systems is a Bank-tech and Reg-tech company that has pioneered a new category – a cross-border processor for banks. The company enables money to globally at the speed of data through banks. We partner with banks to provide them with product capabilities versus competing. Moreover, our approach powers global correspondent banking-as-a-service for banks and other regulated entities to offer compliant, safe, instant and far more efficient cross-border payments in this $100 T and growing market.
The OCMX™ is pleased to announce the listing of Payall Payment Systems to its online portal which offers Investors and Advisors the ability to learn more about this exciting opportunity.
The OCMX™ has spent considerable time completing its due diligence on Payall Payment Systems and concluded that there is indeed a tremendous potential for this opportunity.
The OCMX™ noted that Payall Payment Systems exhibits the main components of any solid opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
Payall has no identically positioned competitors – the company's technology and business model are differentiated as follows:
1.Partner with, versus compete with banks. Payall is a bank's best friend by enabling them to compete and win in this $100 T market. The size of the market has attracted a number of start-ups that aim to compete with banks, marginalize and attempt to disintermediate them – we aim to leverage the massive, global reach, trust and licensing of banks and give them great product to sell to their customers.
2. Proprietary software that uniquely solves the big problems. Payall's compliance break-through that overcomes the opaque, systemic weakness of classic correspondent banking, the ability to offer 24×7 instant payments globally up to a 90% lower cost for banks, and the unmatched focus on giving recipients of cross-border payments valuable and desirable options are material differentiators.
3. Capital efficient. FinTechs that compete with banks for cross-border payments must spend heavily on customer acquisition and licenses – which takes time and substantial resources. Payall is a technology company that partners with banks, and leverages their licenses, safety, reach and customer base to achieve scale.
4. Pattern recognition and proven CEO & management. Payall's CEO co-founded the first bespoke bank processor for Visa/Mastercard prepaid cards (sold for $262 million) and is considered a pioneer in this space. More recently, a company he co-founded was acquired by Mastercard and became Mastercard Send.
WHERE THEY ARE HEADED
Payall has been recognized for its transformative approach to cross-border payments through banks and is executing a sales strategy that's been proven to work developing and introducing a new bank product. In fact, the company has more opportunities than it can support.
With first-mover advantage, client implementations underway, pipeline and management's proven history of pioneering new bank products, Payall is on-track to become a very successful company and essential for banks to compete and win in cross-border payments.
Gary Palmer, President, CEO and Chairman
Gary co-founded, built and sold multiple bank payment processors that operated globally. He's considered a pioneer in developing innovative, new bank products and has a proven history in recognizing market needs for these products and then building and operating tech companies that banks depend on.
Dr. Steve Bishop, Technology Guru
Steve and Gary have worked together since 1998 in multiple companies including WildCard Systems, Efunds and FIS. He's considered a top, global technologist in payments, bank systems, blockchain and crypto. Steve architected the Payall platform and serves as the technology guru for the IT team.
Manjusha Thumma, Vice President Technical Product Management
Manjusha and Gary have worked together for nearly 20-years at multiple companies. She oversees product development from a technology perspective, coordinates strategic 3rd party integrations and Payall's proprietary API library harmonized across the platform and supports project management and operations as well.
Ana Novorojdin, Sr. Vice President – Operations
Ana has spent more than a decade working at European banks and FinTechs, and has worked with Gary for nearly 5-years. She oversees all operational delivery and support.
ABOUT THE OCMX™
The OCMX™ , established in 2009, is a next generation investor relations and marketing outreach firm. Through our online Ocmx portal, we connect companies with financial networks, generating interest and awareness for their opportunity.
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Email: [email protected]
Payall Payment Systems gets listed on THE OCMX™
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