MTrac 2020 - An Improved Platform to Increase Compliance
January 24 2020 - 8:00AM
InvestorsHub NewsWire
MTrac 2020 – An Improved Platform to Increase
Compliance
SAN
DIEGO, CA -- January 24, 2020 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE)
(“Global” or the “Company”) and its wholly owned subsidiary MTrac
Tech Corporation (“MTrac”) are pleased to announce that the beta
phase of the system improvements to MTrac 2020 has been completed.
The platform was augmented to accommodate the growing demands of
the regulatory agencies that oversee the financial industry. The
MTrac team plans to have all existing clients converted to the new
system within 60 days and new clients to be boarded starting
February 1st, 2020. MTrac is proud to maintain its
front-runner position as a fully compliant, closed-loop payment
service company.
The
new platform will include a seamless wallet load feature with QR
functionality for redemption. That is, a customer can come to
a terminal, type in their phone number and quickly add funds to
their wallet without having to go through a multi-step
process. The user then gets a print out of a receipt that
doubles as their redemption coupon for redeeming their wallet funds
in exchange for product. With these updated compliance
features, MTrac 2020 will allow more banks to join its network,
which benefits MTrac clients by allowing them to use a wider
variety of card types to load their
wallet.
MTrac will continue to innovate and adapt its
program to meet the demands of the market while assuring compliance
with regulatory agencies and delivering a scalable solution to its
clients.
About Global Payout,
Inc. (OTC
Pink:GOHE)
Since
the Company's inception in 2009, Global Payout, Inc. has been a
leading provider of comprehensive and customized prepaid payment
solutions. From
2014 to 2017 Global focused on identifying new state of the art
technologies in a variety of industry sectors and successfully
helped launch MoneyTrac Technology Inc. and other companies within
the FinTech space. In 2018, Global completed a reverse triangular
merger with MoneyTrac Technology Inc. resulting in Global retaining
the wholly owned subsidiary, MTrac Tech Corporation. Global’s
current focus is continuing to identify new business opportunities
while it reorganizes its future business
endeavors.
About MTrac
Tech Corp.
MTrac
Tech Corporation, a Nevada Corporation, is a privately held, wholly
owned subsidiary of Global Payout, Inc. MTrac is a software
technology, sales and marketing, and business development company
focused on “high risk” and “high cost” industries. The Company’s
flagship product is the MTrac payment platform offering a
full-service solution with technology offerings including Payment
Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application
and Digital Payment Solutions. We are one network disrupting the
status quo. It is MTrac’s creative vision through the use of its
innovative technology solution to become the premier service
provider offering the “Key to
Cashless®.”
Forward-Looking Statements
Disclaimer:
This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
In some cases, you can identify forward-looking statements by the
following words: "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are disclosed on the OTC
Markets.com website.
Media
Contacts:
Global Payout,
Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com
MTrac Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
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