Disbursement Options Expanded Creating New Market Niche

SAN DIEGO, March 12, 2014 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE), a B2B Program Manager of electronic payment solutions, announced today it has signed a major agreement with Payment Processing Alliance (PPA). The contract is the first in a new and developing market niche for Global Payout and will provide fund disbursement options for PPA's customers whom are in the payroll processing and eCommerce businesses. The contract is a B2B contract, but will ultimately provide benefit to the B2C clients of PPA's customers. The new contract will enable Payment Processing Alliance's customers to offer a broader range of disbursement options beyond traditional check, cash or wire transfer options once a recipient is ready to receive disbursement of funds. By offering Global Payout's prepaid debit card solution, PPA will provide their clients with a more inclusive option to their customers who prefer not to deposit disbursement monies into their bank account, or might not have a bank account. PPA is estimating fund disbursements to Global Payout's prepaid debit cards at approximately 3,000 per month. As a result, the full activation of these accounts and prepaid cards should generate significant transactional revenue to Global Payout in 2014, commencing in the second calendar quarter.  The signed agreement calls for an expected delivery of 1,000 prepaid cards for initial rollout.

PPA currently supports a diverse client base across a number of industries including payroll processing, e-commerce merchants, utility companies, medical groups, and affiliate marketers. The customization of specific industry payment processing solutions has resulted in over 200+ client companies integrating with PPA's automated processing interface.  In addition, PPA has developed a complimentary array of fraud detection services that protect both the client merchant and their customers. Maintaining the confidentiality of financial and medical record information oversight is a critical component of PPA's services.

Payment Processing Alliance is also an ACH provider that serves a wide variety of industries which includes banks, money service businesses and organizations who primarily sell their products and services over the Internet.  PPA has specific programs to serve bank partners including lockbox services, turn down programs and medical banking applications.  In this area, PPA offers customized business payment solutions for a wide variety of e-Commerce industries beyond ACH which include Check 21 and Merchant Credit processing. Global Payout anticipates the expansion of services to PPA to include other market niches.

"Payment Processing Alliance's business to business client base requires a dependable and secure payment platform that can scale up largely, quickly and easily with only incremental cost increases," said Shelly Biondi, CEO of Payment Processing Alliance, "The Global Payout platform provides a best in class solution for our clients to accomplish this while seamlessly accessing their funds through bank accounts, debit and credit cards, and international prepaid cards."

"With their extensive background in the payment services industry and their established banking relationships, Payment Processing Alliance puts a premium on their customer satisfaction," Bill Rochfort, President of Global Payout stated. "We have a great partner and growth opportunity with PPA and the ideal application to support their client base."

About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a B2B Program Manager of electronic payment solutions such as prepaid debit cards and e-wallet solutions specifically suited to: large, medium and small sized businesses, member organizations, governmental and non-governmental organizations, institutions, religious organizations, network marketing companies, unions and recipients of various kinds of financial aid. Global Payout's proprietary Consolidated Payment Platform (CPG) and prepaid debit card solutions, as well as other customizable payment solutions, uniquely serves an estimated $3 trillion market with an easier to use and a lower cost platform providing competitive and comparative advantages. The company's payment solutions, and U.S. and international prepaid card offerings allow issuers to distribute funds, and account holders with or without bank accounts to access and use funds, on a worldwide basis, for payroll purposes, vendor payments, rebates and general spend prepaid programs. Additionally, Global Payout is capable of including in these electronic payment platforms the ability to transfer money to bank accounts, credit cards and debit cards worldwide. The company stated publicly on January 14 that it believes 2014 will be its breakout year in sales revenue, new contracts and new clients. Accordingly, in the first quarter of 2014, the company will be able to transfer money to China Union Pay (CUP) accountholders in China and Asia (also Brazil and elsewhere), and by the second quarter of 2014, the company will be issuing CUP cards to employees, independent contractors or affiliates of Asian multi-national companies. The company has already established the ability for employees or members of international companies to transfer money to, and use, in Europe, Asia, Africa, South America and the U.S. (and more soon).

About Payment Processing Alliance
PPA (Payment Processing Alliance), www.paymentprocessingalliance.com, headquartered in Kansas City, Missouri provides advanced payment, lockbox and billing solutions for a diverse client base.  Services include ACH, Check21, pay station acceptance, advanced fraud mitigation tools and merchant credit card processing.  Services offered by PPA are used by a diverse client base in various industries, spanning from payroll providers, affiliate marketers, e-commerce merchants, utilities and medical groups.  PPA specializes in providing the right solutions to meet various industry demands, allowing customer merchants to operate more efficiently, saving both money and time.  PPA has developed a keen sense of what merchants need and continues to stay in front of industry demands.   Protecting merchants and merchant customers from fraud is a top priority which is why PPA has developed a suite of fraud mitigation products under the name of FraudCop.  FraudCop has become an industry leader in the fight against payment fraud and protecting the merchant and merchant clients. 

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.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED