SAN DIEGO, CA / ACCESSWIRE / April 26, 2016 / Global Payout, Inc. (OTC Pink: GOHE), an emerging leader in international payment solutions, announced today a contract with ISBC Holdings Limited, the sole manager for International Sovereign Banking Corporation (ISBC), to provide project management advisory services and direct account provisioning systems. ISBC, as the international bank, plans to process certain inbound payments and make outbound payments available for its customers, accountholders and depositors worldwide from Global's processing platforms and issuing banks. ISBC will offer Global Payout's payment processing services including eWallets, digital currency management, gold and metal purchases and prepaid debit cards, for its accountholders and depositors worldwide. Global Payout's role as a Program Manager providing these services through multiple platforms to bank programs throughout the world will enable end-users of the ISBC to maximize an expanded offering suite of financial services. Additionally, operational costs for the ISBC will be reduced through integration of state-of-the-art FinTech applications and platforms.
In consideration for the use of Global Payout consulting services, project management services and its payment platform, ISBC shall pay to Global an initial implementation fee of $250,000 for each country. ISBC anticipates the first 100 countries will be implemented within 18 to 24 months from the commencement of the initial country networks.
"Having ISBC as a core business partner for Global Payout gives our client's maximum security and flexibility for their financial assets," said William Rochfort, President of Global Payout. "Through the ISBC private banking structure, our clients can execute critical transactions in multiple fiat currencies, digital currencies, and precious metals to significantly improve their operational effectiveness."
About Global Payout, Inc.:
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a processor of payments for corporate clients and their customers, members, employees, contractors, agents and suppliers worldwide and has access to processing and payment delivery platforms and networks. Global Payout is a Program Manager providing both project management advisory services and direct account provisioning systems that can be offered through Global's eWallet platforms, digital currency management, and prepaid debit card issuing bank programs located throughout the world. This enables end-users of the platform to maximize an expanded suite of financial services and minimize operational costs through integration of state-of- the-art FinTech applications and platforms.
About ISBC Holdings Limited & International Sovereign Banking Corporation:
International Sovereign Banking Corporation (ISBC), a privately held Native American Corporation, has plans to provide access to global Private banking services with secure and customized private commercial and merchant banking accounts through its planned banking Portal structures. ISBC Holdings Limited, the sole manager of ISBC, was established by the executive leadership of Denovo Formations, Inc., Capital Growth Planning, Inc., and Prime Domain International, Inc., with a banking charter that has been issued for both US and International operations to allow for private banking solutions to be offered to the widest range of banking customers and services. In addition to normal banking services planned, ISBC will operate several advanced data processing and IT platforms for deposits, remittance, and settlement of banking products and services utilizing the newest FinTech applications and platforms. This is part of an overall Private Banking Strategy to connect customers and transactions worldwide through its planned banking Portal structures to be developed and placed in each country.
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.
Global Payout, Inc.
SOURCE: Global Payout, Inc.