Syncron Payment Systems Signs Agreement with Global Payout to Distribute MoneyTrac(TM) Prepaid Discover® Card

SAN DIEGO, Aug. 15, 2012 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has reached agreement to allow Syncron Payment Systems to market its reloadable Prepaid Discover® Card trademarked, MoneyTrac^TM.  As an agent/wholesaler of Global, Syncron will market its credit repair services to a select database that will include a MoneyTrac^TM Prepaid Discover Card.  Syncron anticipates an initial card order of 2,500 cards and monthly activations of 1,000 cardholders per month.  The MoneyTrac^TM Prepaid Discover® Card (www.moneytraccard.com) will enable cardholders without bank accounts to access cash without the expense and time of cashing checks and operates as an alternative to a bank checking account.  The card can access cash at ATMs nationwide, purchase products and services at merchants or online stores and pay bills. 

In addition, all MoneyTrac^TM Prepaid Discover® cardholders will receive a Health Care and Pharmacy discount program with over 325,000 physicians and 59,000 pharmacies. Also, cardholders can also opt-in to a robust financial education program that gives them tips and tools on spending and investing money.   All cardholders will be able to access and manage their accounts online or from their cell phones. 

"We are fortunate to have Syncron as a marketing partner because of their sales experience in prepaid debit cards", says William Rochfort, V.P. Sales and Marketing, Global Payout, Inc. "In addition, their focus on the credit repair industry is a perfect target market for our MoneyTrac^TM prepaid cards".

"I'm excited to add the MoneyTrac^TM Prepaid Discover® card to our product line", says Gus Calderon, President of Syncron Payment Systems, "The MoneyTrac^TM Prepaid Discover® card is a product that is going to enhance existing offerings and fully service a demographics that has been overlooked and underserved for decades."

About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company offering companies electronic payment and prepaid  card solutions.  Global has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses.  Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions.  The company provides for U.S. and international prepaid cards allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global is a provider of prepaid cards in the U.S. for payroll and general spend programs.  In addition, Global offers an electronic payment platform that will allow transfer of money to bank accounts and remittance locations, worldwide.

About Syncron Payment Systems
Syncron Payment Systems is a California based corporation.  Syncron is a financial services provider focused on developing sets of cohesive solutions in the payment processing and prepaid card industry.  Our firm provides everything from custom application development to system maintenance.  Syncron's objective is to offer clients an all-inclusive management platform that encompasses the power of innovative technology.  We have looked beyond the standard payment processing methodology to create a ground-breaking platform management portal that will provide financial products and services to an untouched domestic and international market.

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.

CONTACT:
Joe Sebo, Chief Financial Officer
[email protected]
Global Payout, Inc.
T.760.433.3399
F.215.294.4626
www.globalpayout.com

For further investor information please contact:
Stephen D. Axelrod, CFA
[email protected]

Adam Lowensteiner
[email protected]
Wolfe Axelrod Weinberger Associates LLC.
T. 212.370.4500

SOURCE Global Payout, Inc.