Global Payout's Subsidiary, MoneyTrac Technology, Inc., Introduces the Virtu Network Solution
April 19 2017 - 07:52AM
Marketwired
SAN DIEGO, CA-(Marketwired - Apr 19, 2017) - Global Payout, Inc.
(OTC PINK: GOHE) (the "Company") is pleased to announce that its
wholly owned subsidiary, MoneyTrac Technology, Inc. ("MTT") has
selected the Virtu Network Solutions ("VNS") brand to provide MTT
with the financial technology platform MTT will utilize to service
their clients in the alternative banking sector.
VNS offers a banking and payment platform uniquely tailored for
companies and businesses in industries often viewed as "high-risk,"
such as those in the cannabis industry, which is at the core of the
MTT's target market, and offers a state-of-the-art web-based
platform for electronic payment processing, banking integration and
e-wallet capabilities. In addition to these features, the VNS
banking and payment platform also provides users with a "virtual
currency type network" system that features stringent compliance
and regulatory processes that the Company believes is an ideal
solution for numerous cannabis-related businesses across the U.S.
that are currently in need of payment processing solutions outside
of those offered by traditional banks.
"Payment processing and financial compliance for many
cannabis-related businesses remains a significant challenge,
particularly given the fact that many banks continue to view these
businesses as 'high-risk' and in some cases, refuses to extend
their services to them," said MoneyTrac, COO Vanessa Luna. "In
having had the opportunity in recent weeks to meet with several
different owners of cannabis-related businesses, I have gained a
better understanding of the obstacles and impediments they are
faced with from a payment processing standpoint, and as such, I
truly believe that the VNS platform is a powerful solution that can
help guide them through these challenges, while also solidifying
their internal financial compliance responsibilities," Ms. Luna
further remarked.
MTT intends to continue to structure and position itself as a
premier service provider in the alternative banking sector by
targeting a client base in the burgeoning cannabis industry where
the need for payment processing and compliance technologies
continues to increase at a steady pace. Furthermore, although no
assurances can be provided that definitive agreements will result,
MTT has already begun to leverage their strategic position in the
alternative banking sector as they are in the process of finalizing
Letters of Intent with various cannabis-related businesses for
their financial services, which will now also include the use of
the VNS platform.
About Global Payout, Inc.
Since the Company's inception in 2009,
Global Payout, Inc., www.globalpayout.com, has been a leading
provider of comprehensive and customized prepaid payment solutions
for domestic and international organizations distributing money
worldwide. In 2014, Global introduced its first online payment
platform called the Consolidated Payment Gateway (CPG), which
allowed its enterprise clients to transfer money to international
bank accounts, mobile accounts, and prepaid card accounts. The
development of the CPG became the foundation for the introduction
of its new, state of the art FINTECH payment system in 2017, for
both online and mobile applications to allow account holders to
maximize an expanded suite of financial services and minimize
operational costs. Global will continue to offer their FINTECH
payment system to many vertical markets for support of foreign
currency exchange and digital currency, including ongoing support
of the banking industry and international governments.
About MoneyTrac Technology
MoneyTrac Technology, Inc. is a
pioneer in offering a full-service solution for alternative banking
and electronic financial solutions and provides all aspects of
financial technology including E-Wallet and mobile apps services
for businesses and companies in various "high-risk" industries.
MoneyTrac's technology platform allows for its clients to access
their financial information from anywhere in the world, in addition
to providing tracking and compliance to help them manage and
control the flow of all revenue through their business.
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. Also,
forward-looking statements represent our management's beliefs and
assumptions only as of the date hereof . Except as required by law,
we assume no obligation to update these forward-looking statements
publicly, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future. 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.
FOR ADDITIONAL INFORMATION:Global Payout, Inc.
www.globalpayout.comMoneyTrac Technology, Inc.
www.moneytractechnology.comVirtu Network Solutions
www.virtunetworksolutions.com Contact InformationCONTACT:
Public
Relations and Media Contact:
LCG
Headquarter Office
702.333.4886
www.lcginfo.com