Paycom President Clay Andrews and Joel Hall will remain owners and controllers of the Epoch/Paycom brand and both have given Mallick the nod as he takes control of the company’s successful e-card product.
“It took a lot of time and lawyers, logistical considerations and tax planning to make it happen,” Mallick said, recounting the five-month gestation period from the point when he moved on from Paycom and began smoothing out the details of returning to his roots with ePassporte, which he co-founded in 2003.
Of his time at Paycom, where he served for five years, Mallick said that even though ePassporte and Paycom were separate businesses and maintained their own assets, it was difficult sometimes to draw the line since they were housed so closely.
The most difficult part of the transition, Mallick said, was not being able to tell industry colleagues what he was up to, the end result of which created a stir of mystery and speculation within the adult community over what his next move would be.
“I’m glad that things are clearer and I can answer questions,” Mallick told XBiz. “I like to be up front with people and it’s nice to have things settled and to focus 100 percent of my attention on ePassporte.”
Mallick originally was involved in the early conceptualization and development of ePassporte along with Andrews and Hall. EPassporte has since grown to include card holders in 178 countries and spans the mainstream marketplace as well as gaming and adult entertainment.
Mallick said that he expects the transition with ePassporte to last until the end of the year as “machines and people migrate,” after which he plans to launch additional projects.
The company’s corporate offices will remain in Curacao, along with legal offices, servers and banking facilities, which consists of ePassporte's primary issuing bank, the St Kitts, Nevis Anguilla National Bank, and Fortis Bank of Belgium, one of the oldest banks in Europe.
Mallick said he expects to spend a majority of his time on an airplane in the coming months but will remain situated in Southern California, with a house in Texas.
“The goal is to try and have every affiliate paid by ePassporte,” Mallick said, referring to ease-of-use and convenience ePassporte can provide sponsor programs when paying their affiliates, particularly those that are non-U.S. based.
Paycom will continue to provide backend services to ePassporte, Mallick said.
