Friday, December 20, 2013

Global Payout, Inc. (GOHE) Anchors Position in Multi-Billion Dollar Market with Strategic Business Partnerships

Global Payout participates in the $791 billion pre-paid card market as a provider of electronic and pre-paid payment solutions that can be used by companies worldwide. As it advances its position in the rapidly growing pre-paid card market, Global Payout is seeking out new revenue streams and opportunities to strengthen its product offering.

As part of this mission, Global Payout in November entered into a joint-venture agreement with CCS Prepay UK Ltd. to combine synergies and better reach each company’s client groups’ card production needs and customer services.

The partnership is also expected to result in additional joint-venture agreements on three more EuroPay, Visa MasterCard Smart Cards, including a globally deployable reloadable card for the retail scene.

Consumer trends continue to shift toward the most convenient and widely accepted payment methods, creating a competitive environment in which companies in this space must establish flexibility, innovation, and ability to forage strategic partnerships. Recognizing this, Global Payout demonstrates its ability to keep up the pace in this evolving marketplace.

The company also recently signed a deal with ImageWare Systems, Inc., a provider of cloud-based multi-modal biometric identity management solutions. Per the agreement, ImageWare will provide its patented GoCloudID™ Software as a Service (SaaS) platform, which will enable security solution designed to run on top of Fujitsu’s Global Cloud Platform (FGCP). Together, Global Payout and ImageWare will enable secure access services for users of Global Payout’s Consolidated Payment Gateway (CPG).

The company’s MoneyTrac CPG provides clients with several payment options through a worldwide payment solutions platform tied to banks, card associations, and payment processors. Leveraging established processors and banking relationships, CPG offers access and payments to international and domestic bank accounts, debit cards, and other payment systems in more than 120 countries through desktop and mobile device.

For more information on Global Payout, visit: www.globalpayout.com

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