Global Payout Launches MoneyTrac™ Prepaid Discover® Card
SAN DIEGO, Aug. 6, 2012 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) is now offering a reloadable Prepaid Discover® Card distributed as the company's trademark, MoneyTrac™. For the sixty million people in the U.S. who are unbanked or under-banked, this general spend reloadable prepaid card provides individuals with access to financial tools that are not available from traditional checking accounts. The MoneyTrac™ Prepaid Discover® Card (www.moneytraccard.com) will enable cardholders without bank accounts to access cash without the expense and time of cashing checks and allows businesses to make payments more cost effectively. The card can access cash at ATMs nationwide and purchase products and services at merchants or online stores.
In addition, all MoneyTrac™ Prepaid Discover® cardholders will receive a Health Care and Pharmacy discount program with over 325,000 physicians and 59,000 pharmacies. Cardholders can also opt-in to a robust financial education program that gives them tips and tools on spending and investing money. All cardholders will be able to access and manage their accounts online or from their cell phones.
The company is currently in first phase of launching programs for credit repair companies, direct sales companies for 1099 payments, and youth and school fundraising programs.
"As experienced prepaid consultants, we selected Discover® to launch our new prepaid card program in the U.S. because of their exceptional customer satisfaction and because they have the longest card member retention," says Jim Hancock, CEO, Global Payout, Inc. "In addition, Discover® is aggressive in supporting our legal immigrant clientele by offering Discover® Money Transfer for international remittance".
The stored value processor and Program Manager for the MoneyTrac™ Prepaid Discover® card is Expert Financial Systems, LLC, Norcross, Georgia and the Issuing Bank is TAB Bank, Ogden, Utah, member FDIC.
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company offering companies electronic payment and prepaid card solutions. Global has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses. Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions. The company provides for U.S. and international prepaid cards allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global is a provider of prepaid cards in the U.S. for payroll and general spend programs. In addition, Global offers an electronic payment platform that will allow transfer of money to bank accounts and remittance locations, worldwide.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward 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.
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