SAN DIEGO, Aug. 9, 2011 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) is launching payroll debit cards to U.S. companies seeking to significantly reduce costs and improve efficiencies in payroll processing to its employees. The company will conduct an outbound telemarketing campaign beginning September 6, 2011 that will include contacting over 12,000 civilian U.S. companies in construction, hospitality, waste management, janitorial and employment agencies.
"Payroll debit cards have gone main-stream by catering to people who are underserved or un-banked," stated Jim Hancock, Global Payout Chief Executive Officer. "Nearly one in five Americans are un-banked and the number is growing. Our company is positioning itself for rapid growth based upon the estimated amount of money loaded onto prepaid cards that will reach $552 billion in 2012 from $330 billion three years earlier".
The payroll debit card will enable employees without bank accounts to access cash immediately on payday without the expense and time of cashing checks. Employees will be given a free payroll debit card that can access cash at ATMs nationwide and purchase products and services at merchants or online stores. There will be no monthly service fee, customer service or point of sale fees and the first ATM withdrawal is free for each pay period. The company will offer a surcharge free ATM network that will enable employees to withdraw cash at 43,000 locations nationwide without a surcharge fee. All cardholders will be able to access their accounts and transfer money from their cell phone or the internet. In addition, each cardholder will be automatically enrolled in a comprehensive medical and pharmacy discount program linked with 410,000 physicians and 59,000 pharmacies. Employers will not be charged for cards, set-up or loading of payroll debit cards.
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 for U.S. and International debit cards, allowing accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global, is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
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.