MoneyTrac Technology Solidifies
Compliance Services to Cannabis with Integrated Compliance
Solutions (ICS)
San
Diego, CA -- April 03, 2018
-- InvestorsHub
NewsWire --
Global Payout Inc. (OTCPink:
GOHE) ("Global") is pleased to announce that its
subsidiary MoneyTrac
Technology, Inc.
("MTRAC", the "Company") announced
today that its partner,
Integrated Compliance Solutions (ICS) has committed to serving as
the compliance arm of MTRAC, a full-service payment solution
powered by GreenBox's
state-of-the-art
closed loop blockchain technology. ICS has effectively established
themselves in the Cannabis industry as a leader in Know Your
Customer (KYC) procedures as well as with legal
compliance solutions
for this
rapidly growing industry, and ICS is excited to add value to the
partnership by being tasked with oversight of all
compliance-related aspects and due diligence required by
MoneyTrac
as they
bring MTRAC to market.
In
January of this year, MTRAC executed a Joint Venture Partnership
Agreement with ICS to provide them with business development,
sales, and marketing support as part of ICS's go-to-market strategy
within the cannabis industry. As a leading provider of compliance
in this space the Company believes they are the ideal choice to
provide MTRAC with the necessary compliance to thrive in this
multibillion dollar industry. ICS already serves
a number
of banks in the cannabis
industry and most
recently
established a service agreement
with TheraCann
and TKS
Ventures, which effectively demonstrates the ongoing emergence of
ICS as a leading provider of critical compliance-related services
and solutions to businesses operating
within cannabis
related
industries. Additionally, this
adds value to MTRAC's partnership with ICS, with whom MTRAC has an
equity stake.
"ICS
has done an excellent job of making a name for
themselves in terms of
offering
highly effective and much needed compliance for the
Cannabis industry," said MTRAC CEO Vanessa Luna. "We believe they
have the necessary technology, experience and connections to
provide the best compliance our network of clients
can
benefit from."
Said
ICS CEO, Christopher Johnson: "In this highly regulated industry,
we at Integrated Compliance Solutions are constantly on the lookout
for key partnerships in the S2S space. MTRAC's
unique
solutions
and
services offering is truly a game changer in the market
today. We believe the
stronghold of these relationships including TheraCann
and TKS
Venture's with disruptive new
technologies further solidifies our ability to be the leading
compliance service provider for the industry."
MTRAC
intends for much of its focus over the coming weeks to surround
incorporating the multiple strategic partnerships it has cultivated
within the financial, banking, and compliance service sectors into
the ongoing co-development of a cashless
solution
that meets the demands and needs of the emerging retail cannabis
industry. We believe our
solution, MTRAC will be "The Key to Cashless"
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 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.
(MTRAC) is a "New Age Technology Holding Company" offering a
full-service solution for alternative banking and electronic
financial marketplace with technology offerings including Payment
Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS,
E-Wallet, Mobile Application and Digital Payment Solutions for
businesses and companies in various "high-costs of banking"
industries. MTRAC offers additional suites of services ranging from
business development, sales and marketing, to digital and print
advertisement. We are One Network disrupting the status quo. It is
MTRAC'S creative vision to create a "The New Age of Currency" by
bringing innovative technology solutions to various industries and
providing the means for "Banking the Unbankable"
About Integrated Compliance
Solutions
ICS is the industry
leader in compliance software and innovative, cost effective
merchant payment solutions. Their experience in financial services
and payments technology allows them to apply the heightened federal
requirements to preferred providers that meet strict requirements.
The result: a competitive, complete, and stable set of services
that complement the merchant's goals. As a Seed to Bank compliance
partner, ICS has simply been used by more banks, for longer, and
more CRB businesses than any one of their competitors in the space.
Their services are proven and well respected in the
industry.
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 contained in the Edgar Archives of
the Securities and Exchange Commission at www.sec.gov.
Public Relations and Media Contact:
Global
Payout
www.GlobalPayout.com
619.795.5810
Office
Information@GlobalPayout.com
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