SAN DIEGO, March 19, 2014 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE), the leading new Program Manager of B2B custom and conventional electronic payment solutions, announced today that it has advanced its competitive and comparative advantages by substantially expanding the geographic reach and the functionality of its proprietary MoneyTracTM Consolidated Payments Gateway (CPG) platform. Global Payout can now provide users with the ability to make a wide range of payment options available efficiently and economically including ACH, eWallet and prepaid debit card payments to their employees, customers, and/or members located in countries all around the world, whether they do or do not have a bank account. The expanded functionality of its MoneyTracTM Consolidated Payment Gateway includes the capability to provide international ACH services as well as foreign currency exchange services through FOREX as a part of any inter-country transactions or payments. The company stated the geographic reach of these new capabilities now includes 60 new countries, and will include 45 more countries soon. Global Payout stated these new features and broadened reach will also include additional security measures above and beyond their existing protocols to protect themselves and their clients from fraud. Additionally, Global Payout stated it is able to provide its customers with the ability to make international transfers through SWIFT (Society for Worldwide Interbank Financial Telecommunication) economically, and in any size, amount, or frequency. The implementation of services into 105 countries including the added functionality of international ACH and foreign currency exchange are expected to propel Global Payout forward as the leading efficient and economical provider of payment solutions, and attract large national, multinational and international clients and prospective users.
Jim Hancock, CEO, stated, "This is a major, global expansion of our payment capabilities and the geographic reach of our MoneyTracTM Consolidated Payment Gateway. We continue to establish ourselves as the most viable, efficient and economical provider of payment solutions on a global scale thanks to MoneyTracTM. With existing clients already in China, Malaysia, the EU and the USA, and the current development underway in South America, this new functionality will make our platform even more accessible and desirable to customers and prospects in 105 more countries. We could not be more pleased with the reception our team and our products are receiving."
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is the leading new Program Manager of B2B custom and conventional electronic payment solutions. Global Payout uniquely serves an estimated $3 trillion market with an easier to use and a lower-cost payment platform giving users competitive and comparative advantages. The company's proprietary Consolidated Payment Platform (CPG) solves fund disbursement and payment challenges for national, multinational and international establishments across a broad array of classifications including: corporations, member organizations, governmental and nongovernmental organizations, institutions, faith-based organizations, network marketing companies, unions and administrators of various kinds of financial aid and entitlement programs such as food stamps, healthcare benefits and academic related payments. Branded as MoneyTracTM, the CPG platform provides these establishments and cardholders the ability to manage and monitor payments to and from "non-bank" accounts and eWallets online and through a variety of prepaid debit card solutions which include MasterCard® , Visa® , Discover® , as well as other customizable payment solutions. MoneyTracTM payment solutions enable establishments to make payments to cardholders with or without bank accounts, allowing both to possess and distribute funds in almost any country for payroll purposes, vendor payments, rebates and expense reimbursement and daily spending purposes while also providing seamless foreign currency exchange when applicable. Additionally, Global Payout is capable of including in these electronic payment platforms the ability to reload cards and/or transfer money to bank accounts, credit cards and debit cards worldwide. Accordingly, in the first quarter of 2014, the company commenced the transfer of money to China Union Pay (CUP) account holders in China. The company has already established the ability for employees or members of international establishments to transfer money to, and use, in Europe, Asia, Africa, South America and the United States (and more soon).
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.