Global Payout Announces a Robust Pipeline of New Clients on MoneyTrac™
SAN DIEGO, Aug. 21, 2013 /PRNewswire/ -- After three years of program and software development, Global Payout, Inc. (OTC Pink: GOHE) is now implementing new client companies on its MoneyTracTM Consolidated Payment Gateway ("CPG") that will result in significant increases in revenue.
Global Payout's MoneyTracTM Consolidated Payment Gateway enables international employees, members and affiliates of multi-national corporations to receive their income via online accounts that permit them to transfer money to bank accounts, credit or debit cards and prepaid cards in over 200 countries at a cost significantly less than traditional banking institutions. In addition, Global will launch domestic U.S. MoneyTracTM prepaid cards and international prepaid cards for their client's employees and members located anywhere in the world. The combination of the MoneyTracTM CPG and prepaid cards issued by U.S. and international issuing banks provides multinational companies with a single source to distribute outgoing payments that is more cost effective and efficient for their employees and members.
The depth of experience and knowledge of Global Payout's management and executive teams sets the company apart from its competition. There are significant barriers to entry to achieve the results the Company has to date in its developmental stage. Global's product line offers businesses and their employees solutions previously unavailable and at a cost significantly less than offered by competitors.
"With the development of the MoneyTracTM CPG and the implementation of U.S. and International prepaid cards, the Company can deliver solutions that are more competitive than any payment company in the market place" says James L. Hancock, CEO, Global Payout, Inc., "Global Payout's prepaid payment solutions are the most complete and unique in the industry."
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company and program manager offering companies electronic payment and prepaid card solutions. Global Payout 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 Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.
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.
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