Massive Update to Enhance and Improve Systems; MTrac Tech Corp. Launches MTrac 3.0
August 27 2019 - 8:00AM
InvestorsHub NewsWire
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Massive Update to Enhance
and Improve Systems; MTrac Tech Corp. Launches MTrac
3.0
SAN
DIEGO, CA -- August 27, 2019 -- 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 company
has launched a massive update to its blockchain powered payment
platform, which includes the addition of new banking partners to
provide a suite of enhancements to improve the merchant experience
through added stability, reliability, and system
integrity.
Many companies have attempted to solve the cash
problem in Cannabis, and they most certainly have all come to
realize the complexities of navigating the financial and regulatory
challenges in this constantly evolving industry. The Schedule 1
classification persists as the main deterrent to financial
institutions providing its services to cannabis merchants.
“We continue to attract key banking partners with our compliant and
seamless solution as an industry leader in this innovative
financial technology space,” said Mr. Kevin Curtis, MTrac Chief
Strategy Officer. “These strategic updates to the MTrac platform
are being done in order to further stabilize the platform and
to continue serving our clients in this next growth phase we are
embarking upon. The MTrac 3.0 launch is the culmination of
key partnerships, significant market share, and our team’s focus on
compliance, service, and stability.”
“As these new bank networks are
being injected, MTrac is also downsizing the equipment needed to
process transactions on the merchant side, which will reduce
hardware costs and deployment time to the merchant to enable faster
adoption, onboarding, and an improved checkout process for the
customer.” Said David Flores EVP, “These updates will also provide
unlimited processing bandwidth and more secure transactions with
EMV chip and pin debit features, which will allow for overall
enhanced merchant and consumer experience.”
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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