San Diego, Jan. 8, 2015 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink: GOHE), an emerging leader in
international payment solutions, announced today a contract to
provide its branded MoneyTrac® debit cards domestically,
or its Chip and PIN EMV cards internationally, together with its
Consolidated Payment Gateway (CPG) solution to the National Wealth
Center. The National Wealth Center (NWC) will use Global Payout's
CPG to make commission payments electronically to agents around the
world whom will be instantly issued a general purpose reloadable
debit card depending upon their location. Revenues to Global Payout
will be generated from a variety of initial and recurring fees
related to the cards and CPG program. The initial order has
been received and includes fees for 500 domestic and international
debit cards as well as the set-up of Global Payout's proprietary
CPG platform. The NWC estimates up to 4,000 cards will be issued
and activated with commission payments being made directly to NWC's
agents through the CPG portal over the first 12 months of the
program.
Industry analysts have estimated the costs of issuing a check as
high as $10 per check after considering all associated and
recurring costs. These analysts have also estimated that these
costs can fall to as little as $1 per payment through the use of a
debit card and electronic payment platform. The NWC has selected
Global Payout's debit cards and CPG solutions to allow for lower
costs and more convenient commission payments to its distributors
around the world.
According to its website, National Wealth Center (NWC) has
revolutionized the home based business opportunity with over
300,000 lives impacted worldwide. NWC is backed by Multiplex
Systems Inc., a 14-year-old U.S. based corporation. The National
Wealth Center offers a robust suite of audio and video educational
products for wealth creation and wealth preservation, as well as
the opportunity to save money on the world's largest brands. More
information on NWC can be found at http://nationalwealthcenter.com.
"National Wealth Center has projected significant growth for its
prepaid debit card and CPG needs over just the first 12 months of
the program," said Jim Hancock, CEO of Global Payout. "With
distributors in the U.S. and in countries around the world, Global
Payout is prepared to meet all of National Wealth Center's needs
both now and in the future."
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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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
