SAN DIEGO, Feb. 24, 2014 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE), a B2B purveyor of alternative and custom electronic payment solutions, announced today the recent and successful activations of eGateway payment systems specifically serving a new and growing niche market opportunity for the company. Global Payout stated it now has 4 contracts that provide payment solutions to network marketing companies, has activated 25,000 member accounts and sees significant international growth potential within the niche. The company also announced details of its newest contract recently signed with Worldwidepays Inc., Ltd., a Malaysian company, and its affiliated group of network marketing companies. Account activations have also begun during the first quarter of 2014 as a result of this newest contract.
"The network marketing industry has a unique set of circumstances and needs that require sophisticated depth and breadth of payment solutions, account functionality and disbursement options," said Bill Rochfort, President of Global Payout. "Global Payout is uniquely poised, technologically and economically, to provide great value to operators in this niche. For this reason, we are seeing a very large growth opportunity for Global Payout, and the demand for our CPG solutions and eWallet capabilities is growing. In a short period of time, we have successfully activated service to 4 network marketing companies and over 25,000 accountholders whom are receiving their commissions via our system," he added.
The new contract calls for the deployment of a series of customized gateway platforms (Consolidated Payment Gateway Electronic Wallet) for the financial management needs of Worldwidepays and their affiliated companies. Global Payout has already successfully activated CPG accounts for one of Worldwidepays' affiliates, MaximTrader. MaximTrader is a financial trading facilitator on the FOREX currency exchange and a market research house with operations throughout Europe, China, Hong Kong, Japan, South Korea & South East Asia.
Each CPG eWallet platform deployed will serve as a payment system and repository for on-time and efficient commission disbursements. Each marketing member's commission is electronically deposited into the member's eWallet account at each payout time. The member can let his earnings aggregate in his eWallet account or make withdrawals from it at any time. Members can monitor their eWallet account balance and activities online, or via their smart phone. Furthermore, the CPG eWallet will also automatically transmit a notification email each time a deposit is made to the member's eWallet account.
Harnessing the CPG eWallet's built-in Payment Gateway capabilities, each member has multiple choices of withdrawal from their eWallet account. The member can push part or all of their funds in their eWallet account to their bank checking or savings account via bank network connectivity of the eWallet, push funds to their credit card account via an eWallet provided merchant service processing gateway, push funds to his China UnionPay debit card, or push funds to his International Prepaid Debit Card provided by Global Payout.
Mr. Joe Cheong, Director of Worldwidepays, states, "We already have one CPG eWallet platform successfully deployed in our MaximTrader operation for the last two months. With approximately 2500 account activations and enough experience and satisfaction under our belt, we are ready to deploy the CPG eWallet to all of our operations and are recommending this solution to our other trading partners."
James Hancock, CEO of Global Payout adds, "We are extremely pleased to see this market opportunity develop so rapidly and to have such a strong marketing alliance in Asia, a place we know payment system needs are growing rapidly and dynamically. There is great synergy between Global Payout and Worldwidepays, and we look forward to working closely with them throughout all future CPG deployments."
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.
About Worldwidepays.
Worldwidepays Inc. Ltd., DBA Worldwidepays, (http://worldwidepays.com), is a United Kingdom registered company. It is a holding corporation of six other companies operating throughout Asia. The companies market dynamic GPS fleet and card tracking services, forex trading programs, supplying products and services to MLM industries and operate an eMerchant mall.
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.