Payoneer Powers oDesk Debit Card Payments to Remote Workers Worldwide

The oDesk prepaid Debit MasterCard will allow oDesk's global providers to receive their earnings paid in U.S. dollars directly onto their card. Using the card, recipients can withdraw cash from any Automated Teller Machine (ATM) with a MasterCard logo worldwide, and make debit purchases anywhere that MasterCard is accepted, in stores or online. With some of the lowest fees and best exchange rates of any international payment method, the oDesk prepaid Debit MasterCard will enable faster, easier access to funds for providers, who in many countries face limited, costly options when it comes to receiving international payments.

By offering the new oDesk prepaid Debit MasterCard, we're giving our providers a faster, simpler and more secure way to access their earnings and we hope to continue to encourage them to look beyond the horizon for exciting job opportunities.

"More and more software developers and technology freelancers are working for overseas companies, taking advantage of better pay and more opportunities than are typically available in their local markets," said Gary Swart, chief executive officer of oDesk. "By offering the new oDesk prepaid Debit MasterCard, we're giving our providers a faster, simpler and more secure way to access their earnings and we hope to continue to encourage them to look beyond the horizon for exciting job opportunities."

oDesk is a marketplace for remote technology workers that offers a unique set of integrated management and collaboration tools to help employers track project progress and collaborate with team members as though all were working in the same office. There are currently more than 11,000 providers from 50 countries working for thousands of companies worldwide through the oDesk platform. The company recently announced that more than $10 Million has been spent on outsourced technology jobs through its remote work marketplace.

"oDesk typifies the innovative Internet companies that realize payment is more than just a process for moving money - it's an opportunity for creating a unique company identity and truly reducing costs for payees," said Yuval Tal, CEO and founder of Payoneer.

Payoneer manages the Web payout business for leading firms in the Internet economy. With thousands of co-branded cards under management worldwide that meet the highest security and card issuing standards, Payoneer helps companies pay out their partners cost-effectively, everywhere. Cards are quickly reloaded, and enable recipients to easily check their balance and transaction history online, 24/7. If a card is ever lost or stolen, Payoneer will cancel the card and transfer the remaining balance to a new replacement card.