Global Payout Announces Launch of Domestic and International eWallet Accounts
SAN DIEGO, May 23, 2011 /PRNewswire/ -- PRNewswire--Global Payout (Pink Sheets: GOHE) merchant customers have initiated the activation of 8,862 eWallet accounts for their members, utilizing Global's vendor payment platform. The activation of these accounts will result in monthly transaction revenue from payout loads to accounts, transfer of funds to bank accounts, prepaid debit cards and credit cards.
Global's merchant customers represent several vertical markets, including financial services, leisure travel, internet ad affiliates, online training for small business and international distributors for health and wellness and direct sales companies. Of the eight merchant customers who have launched member eWallet accounts, four are headquartered in the U.S., and the other four are located in the Netherlands, U.K., Australia and Seychelles. Payments are being made to accountholders in Greece, Canada, Russian Federation, U.K., Germany, Nigeria, Netherlands, Austria, Australia, in addition to other countries. Global's vendor payment system is capable of operating in multiple countries and supports multiple currencies.
About Global Payout:
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is an international independent sales organization offering multi-national companies electronic payment and prepaid debit card solutions. Through Global Payout's processors and solution providers the company offers an international payment platform allowing accountholders to move money to personal bank accounts in over 200 countries. In addition, the company provides for U.S. and international debit cards, allowing accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global, is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, award looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
SOURCE Global Payout, Inc.
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