San Diego, June 30, 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
payment and a contract for its state of the art payment platform
from Zhunrize, Inc. The contract calls for the immediate activation
of 13,000 Consolidated Payment GatewayTM (CPG) accounts
for use on behalf of their existing customers. Zhunrize has a
total of 60,000 account holders and expects to activate an
additional 27,000 CPG accounts over the following months. Zhunrize
also expects to issue prepaid debit cards in connection with those
accounts eventually.
Zhunrize, is an Internet marketing and product brokerage company
that utilizes one-to-one marketing to sell a variety of products
across numerous markets. Zhunrize is projecting substantial growth.
Global Payout's proprietary Consolidated Payment
GatewayTM will provide cash management and money
transfer capabilities for Zhunrize account holders.
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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 Platform (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