San Diego, Jan. 5, 2015 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink: GOHE), an emerging leader in
domestic and international payment gateway solutions and mobile
payment applications, announces that it has received a new contract
with a Certified Public Accounting firm for its rapid refund
solution designed specifically for Electronic Return Originators
(ERO). As a result, EJ Watson CPA of Florida will utilize Global
Payout's Consolidated Payment Gateway (CPG) platform and
MoneyTracTM Prepaid Debit Cards in combination for a
more simplified, expedient and cost-effective method of rapid
refund of client tax reimbursements. EJ Watson will be able to
access the payment platform portal from any computing device and it
will be used in combination with instant issue and reloadable debit
cards. EJ Watson CPA has already placed an order for
MoneyTracTM Prepaid Cards and is being set up for use on
the CPG platform.
As previously reported, Global Payout has developed a
revolutionary application of its payment platform that combines the
use of their CPG and its MoneyTracTM Prepaid Debit
Cards. The application allows any ERO to issue and activate prepaid
debit cards directly to tax clients for the receipt of their refund
upon the completed filing of their tax return. Meanwhile, the IRS
is able to load tax refund dollars directly to that prepaid card
upon receipt of electronically filed tax return documents. Tax
refund customers will be able to pay bills, withdraw cash at ATMs,
or spend monies deposited to the card just like any other debit
card.
"Our system is a win, win for everyone. The tax client does not
have to pay out of pocket tax preparer fees because they are
deferred until the refund is issued by the IRS, and the tax
preparing ERO attracts more clients due to the speed of the refund
and deferred cost of preparation. We are pleased to work with EJ
Watson and expect this market to develop nicely for Global Payout
in the coming months and years," said Jim Hancock, CEO.
Global Payout continues to expand and customize the uses of its
Consolidated Payment Gateway and its MoneyTracTM Prepaid
Debit Cards, including the anticipated inclusion of mobile
applications through its Maxie Mobile subsidiary. The rapid refund
process is one of many new and recent initiatives.
About Global Payout, Inc.
Global Payout, Inc. (www.globalpayout.com) is a
leading provider of comprehensive, customized electronic payment
solutions for domestic, international and multinational businesses,
organizations and government agencies worldwide. Global Payout
implements payment solutions tailored to a client's specific needs,
which may include MoneyTracTM, the company's
Consolidated Payment Platform (CPG), domestic and international
prepaid cards, chip and pin cards, custom and co-branded prepaid
cards, and merchant processing services. The company targets an
estimated $3 trillion market including the estimated 60-70 million
unbanked, under-banked and unhappily banked adults in the U.S. and
the estimated 2.5 billion around the world.
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Shareholders who would like to receive email notifications when
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SEC filings or other information, is disclosed by the Company, are
asked to send their names and email addresses to investors@globalpayout.com.
Those interested in following the progress of the Company can also
engage with @GlobalPayout on Twitter.
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
investors@GlobalPayout.com
1-800-594-4350
