San Diego, June 25, 2014 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink: GOHE), the leading new
multi-national Program Manager of B2B custom and conventional
electronic payment solutions, announced today that it has received
a new contract from XPayCard International, LLC to provide
MoneyTracTM prepaid debit cards and assigned eWallets
through Global Payout's proprietary Consolidated Payment Gateway
(CPG), an internet based payments platform that enables payroll
solutions and payment disbursements on a worldwide basis.
Upfront payment for due diligence and activation fees have
been received for the first phase of engagement. Approval for the
program is anticipated imminently. The number of initial accounts
contracted is set at 2500, but is anticipated to grow significantly
thereafter.
XPayCard International, LLC, is an affiliate of PagSuporte
(www.pagsuporte.com) and Globaldine (www.globaldine.com) that
specializes in international trade development. Their global
network allows their companies to quickly and easily obtain
competitive prices in connection with logistics and shipping
operations. XPayCard's contract with Global Payout allows
XPayCard to offer efficient methods of payment to its clients'
customers and members. This contract with XPayCard International is
for its client, Eternyon, a fast growing international network
marketing company in Brazil specializing in advertising, technology
and E-commerce. Eternyon has become one of the fastest growing
websites in Brazil over the last few months.
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About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, is the leading new
Program Manager of B2B custom and conventional electronic payment
solutions for domestic, international and multinational businesses,
organizations and government agencies worldwide. Global Payout
uniquely serves an estimated $3 trillion market with a secure,
easier to use and lower-cost payment platform giving users
competitive and comparative advantages over banks and other
payments and remittance providers. The company's proprietary and
fraud resistant Consolidated Payment Gateway (CPG) solves fund
disbursement and payment challenges by giving the user the ability
to transfer money, disburse funds or make ACH payments from:
corporations, member organizations, governmental and
nongovernmental organizations, institutions, faith-based
organizations, network marketing companies, unions and
administrators of various types of financial aid and entitlement
programs such as food stamps, healthcare benefits and academic
related payments that need to reach "banked" or "non-banked"
individuals, businesses, organizations or government agencies in
any World Financial Task Force or OFAC compliant country.
Branded as MoneyTracTM, the CPG platform provides
businesses, organizations and government agencies (and their
cardholders or account holders) the ability to manage and monitor
payments to and from "non-bank" accounts and eWallets online, and
through a variety of prepaid debit card solutions issued via most
major card issuers, as well as other customizable payment
solutions. MoneyTracTM payment solutions enable these
establishments to make payments to their cardholders or
accountholders with or without bank accounts, allowing both to
possess and distribute funds in almost any country for payroll
purposes, vendor payments, rebates and expense reimbursement and
daily spending purposes while also providing seamless foreign
currency exchange when/where applicable. Global Payout is also
capable of including in these electronic payment platforms the
ability to reload cards and/or transfer money to bank accounts,
credit cards and debit cards worldwide. The CPG platform is a
permission based API (application programming interface) and will
also include mobile app capability in the near future.
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: Global Payout, Inc.
Investor Relations
IR@GlobalPayout.com
1-800-594-4350
