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Crosscreek Systems Ltd Utilizes CCS International Payout
Platform
Implementation of sales agent
commission payout program for Latin America
London 02SEP09 - Crosscreek Systems Ltd, a UK company
providing bespoke trading platforms to company's in Latin
America is now using a CCS managed, prepaid platform for payout
to their 1500 agents across Latin America.
The company operates in the fastest growing segment of the
financial sector, namely Forex, CFD's and Financial Spread
Betting. The core business is the development of trading related
software and execution platforms. Crosscreek Systems serves
individual clients worldwide through its Bespoke Trading
Platforms which are currently being used throughout the world.
The three key target markets are Oil & Gas, Forex and Futures
Markets
Crosscreek systems creates trading platform software in the
United Kingdom which is then marketed in Central and South
America by their central American offices, who hire agents and
tech support throughout the region. Agents are paid commissions
biweekly for sales made into the key market sectors such as Oil
and Gas (oil trading program that mitigates this price risk
exposure), Forex and Futures. Historically, agents have been
paid by wire transfer which is costly to both Crosscreek systems
($50 wire sending fee) and to the agent ($20 wire receipt fee)
and so the idea of a prepaid card platform significantly
minimizes the cost of payout and receipt as well as providing an
opportunity for rapid receipt of payout providing a greater
enhanced agent value proposition.
About
Crosscreek Systems Ltd
Crosscreek Systems serves individual clients worldwide through
its Bespoke Trading Platforms which are currently being used
throughout the world. The three key target markets are 1) Oil
& Gas: In today's business the market is fluctuating
rapidly, together with recessions, war risks, and embargoes,
which make the forecast of oil prices unpredictable. Oil traders
need to ensure an oil trading program that mitigates this price
risk exposure. 2) Foreign Exchange (ForEx): The forex
market allows you to buy and sell currencies against each other
and speculate on the differences in exchange rates. Forex is the
largest marketplace in the world with more than 3.2 trillion
dollars changing hands daily and so making it one of the most
attractive and lucrative markets. 3) Futures Markets:
Because of their very attractive potential for return,
commodities are becoming increasingly popular with financial
investors. This is especially true of crude oil trading and gold
trading and their respective markets which, due to the recent
rise in gold and oil prices, have created profitable investment
opportunities for all types of traders.
About CCS UK Ltd
CCS UK Ltd (www.ccsprepay.com)
is a consultancy firm which since early 2005 has been consulting
in the area of prepaid debit implementation strategies
specifically across the Europe, Middle East and African (EMEA)
region, expanding into Asia Pacific and Latin America during
2006. By developing relationships with issuing banks and
transaction processors CCS guides its corporate clientele to the
most appropriate product offering based on a detailed program
qualification process and guidance by an internal financial
advisory counsel that provides the risk management expertise and
regulatory understanding for both local, regional and global
program positioning. CCS UK Ltd is an authorized MasterCard
Member Service Provider (MSP) and Visa Independent Sales
Organization (ISO) for strategic MasterCard and Visa member
issuing banks.
Contacts:
CCS Operations
Sharon Hay
admin@ccsprepay.com
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SOHO SQUARE
