and Intradata Solutions for Software Integration Enhancement of its FinTech Payment Solution Platform
SAN DIEGO, CA / ACCESSWIRE / January 31, 2017 / Global Payout, Inc. (OTC PINK: GOHE) is pleased to announce that it has entered into a licensing agreement with First American Electronic Payment Solutions, Inc. ("FAEPS") / Intradata Solutions, a New York corporation. FAEPS is in the business of designing state-of- the-art software systems ("Software") for companies wishing to process money remittances, wire transfers, bill payments, B2B, eWallet, currency exchange and other types of financial transactions.
The license agreement is for a term of 36 months. As an acting program manager, Global Payout will integrate the state-of-the-art software provided by FAEPS and continue to provide project management advisory services, and direct account provisioning systems that can be offered through Global's, eWallet platforms, and digital currency management, located throughout the world.
"We have been following the work of FAEPS and IntraData since developing Global's Consolidated Payment Gateway in 2014. We have maintained a close working relationship with the management team at FAEPS, and are happy to take these next steps in that relationship to execute a licensing agreement that will prove integral in our software development process. We believe, that a combination of their software and Global's existing and future international client base, will allow us to further penetrate the Fintech market space." said James Hancock, Chairman and Chief Executive Officer.
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.
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.
SOURCE: Global Payout, Inc.