Payoneer has announced that it is helping direct selling industry leaders to pay their international sales representatives’ commissions on branded reloadable Prepaid MasterCard cards instead of sending them paper checks or wire transfers. READ MORE »

oDesk, an online marketplace that allows companies to hire, manage and pay remote technical workers around the world, has announced that oDesk providers can now sign up to receive an oDesk prepaid Debit MasterCard to access their earnings from anywhere in the world. The oDesk prepaid Debit MasterCard, powered by Payoneer, will be available to freelance providers and affiliate managers on oDesk in May 2007. oDesk says it is the only remote work marketplace to offer its providers a prepaid debit card as a payment option.

Payoneer has announced that it has secured $4 million in a Series A venture funding led by Greylock Partners. Payoneer says it "will use the additional funds to expand its services for Web 2.0 companies and other businesses that need faster, easier and more cost-effective ways of paying people around the world."