|Global Payout Partners with Intradata Solutions|
|To License International eWallet|
|SAN DIEGO, CA (July 30, 2012) Global Payout, Inc. (OTCPINK:GOHE) and First American Electronic Payment Solutions, Inc./Intradata Solutions have executed a licensing agreement that will enable Global Payout to employ Intradata's software to power Global's international MoneyTrac payment solution. Intradata says its payment technology is being utilized by global companies, as well as government entities including TSTT (Trinidad and Tobago), TTT Moneycorp and Global Money Remittance. The payment platform is also being utilized by international money remittance businesses. |
The agreement provides for Global to manage sales, marketing and customer service for their B2B clients. Intradata will host the platform and will provide technical assistance in implementation for each business client. In addition, Global will receive revenue from the platform based upon a revenue share arrangement between both Intradata and Global. Global anticipates the platform will be launched on or about August 15, 2012.
"We believe that our technology is more comprehensive than any electronic payment platform in the market today, says Peter Vitelli, CEO of First American. "Our platform has the capability of making payments on a global basis either directly to banks or thru our vast remittance payment network. We are expanding our payment and processing network daily. Global's experience in the prepaid market will give us opportunities that will give us an edge in the B2B marketplace."
"This is a potential 'game-changer' in Global's drive to provide the best possible payment solutions for our business clients," stated Jim Hancock, Global Payout CEO. "The Intradata technology strengthens Global's efforts to ensure the long-term viability, and be on the leading edge of innovation necessary to meet the challenges and demands of the global marketplace."
Global Payout's MoneyTrac platform enables multi-national companies to pay members or employees in foreign countries through a web-based portal in several currencies. Accountholders can transfer money from their online account or by cell-phone to bank accounts or prepaid debit cards.
Source: Global Payout, Inc.
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