SAN DIEGO, April 21, 2014 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE), the leading new Program Manager of B2B custom and conventional electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide, announced today that it has been recognized by Euro Treasurer Magazine for its ability to service customers with mass payment, general disbursement and domestic and international transfer needs throughout Europe and the world through its London office. The article is accessible at www.EuroTreasurer.com. In connection with the article, Global Payout has announced the grand opening of its London office, Global Funding Limited, domiciled in the United Kingdom, a wholly owned subsidiary of Global Payout. The Grand Opening marks the company's ability to fully service or supply any business or organization within an OFAC (Office of Foreign Assets Control) compliant country with needs for the company's proprietary and alternative payment platforms and programs such as: MoneyTracTM Prepaid Debit Cards, Chip and PIN cards, the company's proprietary and cost effective Consolidated Payment Gateway (CPG), Instant Issue General Purpose Reloadable and No KYC prepaid debit cards, eWallets, seamless currency exchange and a number of other products and services that facilitate payments on a global scale. For more information, please contact Vince O'Flaherty Global Account Manager by emailing [email protected].
EuroTreasurer is considered an important news source for the European corporate treasurer community's informational needs. With offices in Frankfurt and London, their editorial team is dedicated to producing content about the latest trends in cash management, financing, careers and asset and risk management for corporate treasurers and cash managers. With an estimated subscriber base of 10,000, EuroTreasurer subscribers include employees of treasury and finance departments at large European companies with annual revenue of over 100 million EUR, as well as financial service providers, bankers and consultants throughout Europe.
Jim Hancock, Global Payout CEO stated, "Global Payout continues to flourish with opportunities in both domestic and international markets. We feel our warm reception is attributable to our commitment to innovation, professionalism, efficiency, an enthusiastic approach to our business and our extremely cost effective product offerings. We believe that international businesses have much to save and much to gain by utilizing our easy to use payment platforms. We continue to expand our Global Financial Services Platform so that it makes logistical, strategic and economic sense to utilize a non-bank disbursement and mass payment platform."
Global Payout also announced that it is capable of servicing client needs to and from: The European Union, China, Malaysia, Canada, Brazil, Germany, and England, reaching up to approx. 170 countries around the globe. And continues to expand capabilities for security, fraud prevention, and identity theft protection to all clients.
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, is the leading new Program Manager of B2B custom and conventional electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide. Global Payout uniquely serves an estimated $3 trillion market with a secure, easier to use and lower-cost payment platform giving users competitive and comparative advantages over banks and other payments and remittance providers. The company's proprietary and fraud resistant Consolidated Payment Platform (CPG) solves fund disbursement and payment challenges by giving the user the ability to transfer money and disburse funds from: corporations, member organizations, governmental and nongovernmental organizations, institutions, faith-based organizations, network marketing companies, unions and administrators of various types of financial aid and entitlement programs such as food stamps, healthcare benefits and academic related payments that need to reach "banked" or "non-banked" individuals, businesses, organizations or government agencies in any World Financial Task Force or OFAC compliant country.
Branded as MoneyTracTM, the CPG platform provides businesses, organizations and government agencies (and their cardholders or account holders) 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 issued via most major card issuers, as well as other customizable payment solutions. MoneyTracTM payment solutions enable these establishments to make payments to their cardholders or accountholders 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/where applicable. Global Payout is also 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. The CPG platform is a permission based API (application programming interface) and will also include mobile app capability in the near future.
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.