User:Meshatz/sandbox

Payoneer is an Internet-based financial services business that allows users to transfer money and receive payments through re-loadable prepaid MasterCard debit cards. The company focuses on specific payment solutions, including affiliate (commerce), mass payments, Local Electronic Funds Transfer (EFT), merchant accounts, and payout programs in countries with underdeveloped banking systems. Payoneer systems are used by Microsoft, 2checkout, iStockphoto, oDesk, Plimus, FixYa, buy.at, Hillel International and Conduit amongst others.

Payoneer is a registered Member Service Provider (MSP) of MasterCard worldwide which issues prepaid MasterCard debit cards internationally through Choice Bank Limited. The Company is headquartered in New York City with R&D offices in Tel Aviv, Israel. Payoneer has received venture funding from Greylock Partners, Carmel Ventures, and Crossbar Capital.

Alternative payments
Many card Issuing Banks issue prepaid Visa Inc. or MasterCard debit cards either directly or through Member Service Providers (MSPs). In order to compete, many of these organizations target specific markets, where they can differentiate their products. Payoneer pursues a number of markets by providing salary and commission payout solutions for industries like affiliate marketing , summer camps, freelancers , direct selling and clinical trials. Payoneer, along with other companies like First Data, Automatic Data Processing and Ceridian, are changing the way people are paid worldwide.

Questions in al-Mabhouh assassination
The company attracted much attention when its cards were reportedly used in financial operations behind the assassination of Mahmoud al-Mabhouh, Hamas militant, in 2010. Payoneer’s large presence in Israel fueled conjecture around potential conspiracy. The incident compelled Payoneer and others in the prepaid card industry to review and improve security around the movement of funds through their systems.