Payall Payment Systems, Inc.

United States - Miami Beach, Florida

• 15/09/2022
• Seed
• $10,000,000

Payall, the first-ever cross-border processor for banks, enables regulated financial institutions to move money safely at the speed of data. Our mission is to make cross-border payments fast, compliant and cost-effective with a suite of breakthrough automated compliance and risk management solutions that bring transparency to historically opaque world of correspondent banking. Cross-border payments enabled by our proprietary technology and processes run on a global single shared platform and use our novel "Know Your Customer's Customer" product. The platform includes core-like accounts for all users, with special-purpose payment processing that represents "new rails" for near-instant and efficient global payments. Moreover, cross-border payment recipients have unprecedented, valuable choices to access and manage their money, with payout options that appeal to financially savvy and unbanked individuals.

Related People

Gary PalmerFounder

United States - Miami-Fort Lauderdale Area

Co-founded WildCard Systems in 1997, considered the pioneer in network branded prepaid cards, and became the largest prepaid issuing processor in the world when we sold to eFunds in 2005 for $262 million. Was on the team that sold eFunds to Fidelity National Information Services (NYSE: FIS) for $1.8 billion in 2007. Extensive, global experience attracting and building great teams that have created extraordinary value for investors.

My approach to business is quite simple - look for big problems and fix 'em. And while most typical payment products "work", oftentimes they fail to truly delight users or keep-up with ever-changing needs, desires and expectations. My background and passion is identifying these situations, figuring out a better way to make and/or receive payments, and deliver a materially better solution. I've had great results so far, and more are coming!

As a point of clarification, from October 1996 through December 2009, I never changed jobs. The company and title changes were as a result of progressive, positive M&A activities.

LinkedIn https://www.linkedin.com/in/garypalmerwcs/