SAN DIEGO, Sept. 20, 2011 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has signed a Prepaid Card Agreement with EZ Access Card, LLC, Fresno, CA to offer complete management consultant services in launching their prepaid debit card program. The Prepaid Card Agreement requires Global Payout to assign a program manager, issuing bank and financial network to launch the EZ Access Card Program. In addition, Global Payout will manage the due diligence, card design and card program approval in conjunction with the program manager and sponsoring bank. This Agreement will result in monthly transaction revenue from active prepaid debit cards marketed and distributed by EZ Access Card, LLC. Commencing in the first quarter of 2012, EZ Access Card anticipates 10,000 active cards within the first 12 months and 50,000 plus active cards within 24 months.
"We are excited about the opportunity to represent EZ Access Card. They have a wide and diverse customer base that should provide a consistent revenue stream over the life of their card programs," stated Jim Hancock, Global Payout Chief Executive Officer. "Their business clients include direct marketing companies, agricultural firms and celebrity clients."
"This new partnership fits perfectly with EZ Access Card's philosophy to work only with the best facilitators of prepaid debit card services that will benefit our customers. During a time when consumers are more proactive in managing their finances, our prepaid product will empower them by providing a better and more secure method of making everyday purchases, receiving payroll and paying bills. This new endeavor is simply a win-win for both companies," stated by William Claude Butler, EZ Access Card President and Chief Executive Officer.
About Global Payout, Inc.:
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a payment solutions provider offering U.S. and International 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 U.S. and International debit cards, allowing accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global Payout is also a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
About EZ Access Card, LLC
EZ Access Card, LLC is a California limited liability company targeting the prepaid debit card, money transfer and mobile banking industries. EZ Access Card offers an innovative mobile banking platform featuring eWallet, which provides consumers with a single portal to manage their funds from anywhere in the world. Funds can be instantly transferred for free onto a prepaid debit card to make purchases, send and receive money, pay bills conveniently from a mobile phone or online, or obtain cash at ATM's and retailers – or the cardholder can transfer funds from the eWallet to an existing checking/savings account or credit card. This unique feature allows cardholders complete control over their funds and the flexibility to move their money as needed in today's fast paced world.
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.