Daily News: January 17, 2018

Global Payout Launches Logistics Company SecurCapital

Global Payout launched its newly formed logistics subsidiary, SecurCapital. The new company will focus on supply chain finance logistics and will introduce a “one-click solution,” offering fintech services in the underserved supply chain finance marketplace, estimated at $800 billion globally.

SecurCapital will also offer a cloud-based business-to-business platform for global payments, FOREX, and A/R factoring with secure multi-factor authentication designed to mitigate risk and reduce costs. The platform is a fully configurable, “banking-in-a-box” system. The overall intranet-based design aims to ensure clients have control over any internal employees, partners, vendors and contractors for bilateral payments and improved security.

“Clearly, there has been a monumental transformation influenced by fintech, blockchain and alternative banking options within the global payment landscape,” said Global Payout CEO James Hancock. “SecurCapital will be providing a new financial pathway for the global logistics industry, [and] we anticipate SecurCapital will become a significant revenue generator that should strengthen our suite of services.”

Global Payout appointed Stephen J. Russell as CEO of SecurCapital. Russell is a veteran logistics executive having held CEO, COO, EVP and founder positions in public and private logistics companies globally. He was an early cloud pioneer as the president and CEO of Salesforce.com — Asia Pacific.

“We’re very excited to launch SecurCapital as a first to market innovative supply chain finance solutions for mid-tier logistics companies,” said Russell. “Our aim is to offer the industry supply chain finance solutions designed by actual logistics professionals to reduce cost of payments, improve working capital liquidity and gain dashboard visibility while leveraging the latest cloud-based fintech innovations.”

Global Payout is a provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide.