Yuval Tal, founder of the mass payout company Payoneer, has more than 20 years of experience in e-commerce technology start-ups, specializing in security technologies, currency exchange and prepaid credit card applications. Founded in 2005, Payoneer enables freelancers and its affiliates to carry out electronic payments through pre-paid MasterCard® cards, which are used like standard credit cards.
Payoneer's affiliates include online advertising space MediaWhiz, marketing company TripleClicks and freelancer marketplace oDesk. Game developers, web merchants and stock photography sites are other affiliates that use Payoneer. The Payoneer model was developed to reduce the cost of traditional payments such as paper checks and speed up the payment process, especially in international cases.
Based in New York City with a research and development office in Israel, Payoneer is a registered MasterCard® Merchant Service Provider and partner with First Covenant Bank and Choice Bank Limited. The privately-held company is financially backed by Crossbar Capital, Carmel Ventures and Greylock Partners. Payoneer adheres to web-based payment regulations set by the Office of Foreign Assets Control and the Bank Secrecy Act and follows Anti-Money Laundering and Know Your Customer best practices.
In 1999, Yuval Tal co-founded E4X (now FiftyOne) and served as its Chief Executive Officer. The company was one of the first specializing in international e-commerce and reached a processing volume of $500 million for clients that included blue-chip accounts. Yuval Tal also was Vice President of Business Development of app delivery service RADWARE and CEO of comparison shopping provider R-U-Sure Ltd.
Born in Israel, Yuval Tal received his Bachelor's degree in mechanical engineering and Master's degree in biomedical engineering from Tel Aviv University. His hobbies include photography, running and motorbikes, and he enjoys spending time with his family in his leisure time.