Insights and perspectives About Compliance & Security
Exploring topics, tips, and trends in the world of global and compliant payments.
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Unlocking Growth and Security: The Crucial Role of KYC/KYB in Modern Business Transactions
In today’s fast-paced and interconnected business landscape, making payments and conducting transactions with contractors and partners is more seamless than ever before. However, this convenience brings with it a host of challenges, especially in the realm of financial security and regulatory compliance. For businesses, ensuring that they “Know Your Customer”… Read More
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What is an FBO Account?
In the ever-evolving landscape of financial technology (fintech), businesses, especially small and medium-sized enterprises (SMBs), are constantly seeking efficient and compliant ways to make domestic and international payments. One critical aspect of this process often involves the use of FBO (For Benefit Of) accounts. In this comprehensive blog post, we’ll… Read More
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Navigating the Complex World of Prize Pool Payouts
In the fiercely competitive world of sports, athletes devote countless hours to perfecting their skills, dreaming of that moment of triumph on a global stage. Beyond the glory, the financial rewards of victory often hinge on seamless prize pool payouts. However, these payouts can pose formidable challenges, especially when international… Read More
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Prize Payments Solves Complex Esports Prize Payments Problems
LOS ANGELES, Aug. 13, 2019 – Launching today, Prize Payments brings a streamlined, efficient and economical solution to esports prize payment process and reduces time and costs for publishers and tournament organizers. With an estimated $300 million in prizes expected to be distributed in 2019, Prize Payments is an ideal end-to-end… Read More
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Prize Payments announce Tom Clancy’s Rainbow Six® Siege Nordics Championship as first live payment
Los Angeles, CA, 14 January – Prize Payments today announced their first live payments for Ubisoft’s Tom Clancy’s Rainbow Six® Siege Nordics Championship, in which winning players from six countries received prize money in an average of 15 hours, ensuring a positive player experience. Tournament organizers face a host of challenges… Read More
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Prize Payments Crosses Million-Dollar Mark With Improved Platform
LOS ANGELES, CA, September 24, 2020 – Prize Payments, the leading payment solution for esports and gaming, today announces they have paid out over $1.5MM in prize money with their newly revamped platform and have an additional $1.5MM in committed prize money for 2020. Prize Payments delivered payments in 29 currencies… Read More
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Why do you need my bank information?
After spending countless hours preparing for a tournament and finally securing a big win, it can seem unnecessary to have to provide your personal and banking information just to get paid. You might wonder why you can’t cash that oversize check you just received or just get a stack of… Read More
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The gig economy is exploding – how can payments keep up with the services it demands?
The digital marketplace has radically shifted the economy – 35% of U.S. workers are involved in the on-demand gig economy. Workforces, “employees,” and traditional payroll structures have dramatically shifted beneath our feet. If you’re scaling a company and struggling to keep up…MALLO can help. Our turnkey product ensures that you can… Read More
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Traditional paychecks are becoming as obsolete as DVDs
The days of receiving paychecks in the mail are over. The digital marketplace has altered the workforce and upended traditional payroll structures. With growing work flexibility, today’s employees, contractors, freelancers, creators, and influencers seek payout methods that meet their unique needs. And their value to payers has given them greater… Read More
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From Esports to a Global Player, Payment Labs Thrived in 2022
Payment Labs was born to solve a problem. How can esports competitors get paid on time, compliantly, and with transparency? Prize Payments provided the answer for this nascent yet growing industry. In short time, we became the most trusted payment platform in gaming. In the past year, we’ve continued our journey to… Read More