Global Payout Signs Another Major Customer In Third Contract Announcement Of 2014 XPayCard International Estimates Hundreds Of Thousands Of Account Activations
SAN DIEGO, Feb. 4, 2014 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) announced today that it has signed an agreement with XPayCard International, its third new contract for 2014. The signed agreement calls for the immediate delivery of an initial 5,000 Prepaid Chip and Pin cards, and 5,000 initial accounts on Global's Consolidated Payment Platform (CPG). XPayCard estimates the activation and distribution of 500,000 CPG accounts to their multi-national client companies by the end of 2014. The full activation of these accounts will result in significant transactional revenue to Global Payout in 2014, and will commence in the current quarter. XPayCard International, LLC, is an affiliate of PagSuporte (www.pagsuporte.com) and Globaldine (www.globaldine.com) that specializes in international trade development. Their global network allows their companies to quickly and easily obtain competitive prices in connection with logistics and shipping operations. This new contract with Global Payout will now allow XPayCard to offer efficient methods of payment to its clients' customers and members.
The initial implementation will support a Portuguese multinational company with over 4,000 locations in 80 countries. The company offers a full suite of rental products and services and utilizes an affiliate marketing model to extend the brand reach. There are currently over 100,000 affiliate members marketing rental transactions towards earning new commissions.
"The breadth of services offered through our partnership with PagSuporte and XPayCard International will accelerate the acquisition of new client integration and business process efficiency," says Bill Rochfort, President of Global Payout. "PagSuporte's expertise with international marketing and automation of client facing interfaces allows Global Payout to provide a large scale deployment of payment solutions in a real time environment."
"Our business to business client base requires a dependable and secure payment platform that can quickly scale to the international growth in all regions of the world," says Daniele Mornacco, CEO of XPayCard International, LLC and PagSuporte. "The Global Payout platform provides a best in class solution for our clients to access their funds through bank accounts, debit and credit cards, and international prepaid cards."
About Global Payout, Inc.
Global Payout, Inc.,
, headquartered in San Diego, California, is a B2B purveyor of electronic payment solutions such as prepaid debit cards and e-wallet solutions specifically suited to: large, medium and small sized businesses, member organizations, governmental and non-governmental organizations, institutions, religious organizations, network marketing companies, unions and recipients of various kinds of financial aid. Global Payout's proprietary Consolidated Payment Platform (CPG) and prepaid debit card solutions, as well as other customizable payment solutions, uniquely serves an estimated $3 trillion market with an easier to use and a lower cost platform providing competitive and comparative advantages. The company's payment solutions, and U.S. and international prepaid card offerings allow issuers to distribute funds, and account holders with or without bank accounts to access and use funds, on a worldwide basis, for payroll purposes, vendor payments, rebates and general spend prepaid programs. Additionally, Global Payout is capable of including in these electronic payment platforms the ability to transfer money to bank accounts, credit cards and debit cards worldwide. The company stated publicly on January 14 that it believes 2014 will be its breakout year in sales revenue, new contracts and new clients. Accordingly, in the first quarter of 2014, the company will be able to transfer money to China Union Pay (CUP) accountholders in China and Asia (also Brazil and elsewhere), and by the second quarter of 2014, the company will be issuing CUP cards to employees, independent contractors or affiliates of Asian multi-national companies. The company has already established the ability for employees or members of international companies to transfer money to, and use, in Europe, Asia, Africa, South America and the U.S. (and more soon).
About XPayCard International, LLC/PagSuporte/Globaldine
Since 2012, XPayCard International, PagSuporte, and Globaldine offer clients an exceptional quality of service and reliability. Their network of procurement offices reach beyond the Northern Hemisphere. They are in the USA, Brazil, Asia (Hong Kong) and Europe (Milano) to offer the best export and import services. Their worldwide network allows them to quickly and easily obtain competitive pricing, procure goods and coordinate logistics. The company's knowledge of local markets and local relationships and a full eCommerce platform combined with a solid financial base offers their customers the safety and assurance of doing business in an international market place.
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.
SOURCE Global Payout, Inc.