San Diego, Jan. 8, 2015 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink: GOHE), an emerging leader in international payment solutions, announced today a contract to provide its branded MoneyTrac® debit cards domestically, or its Chip and PIN EMV cards internationally, together with its Consolidated Payment Gateway (CPG) solution to the National Wealth Center. The National Wealth Center (NWC) will use Global Payout's CPG to make commission payments electronically to agents around the world whom will be instantly issued a general purpose reloadable debit card depending upon their location. Revenues to Global Payout will be generated from a variety of initial and recurring fees related to the cards and CPG program. The initial order has been received and includes fees for 500 domestic and international debit cards as well as the set-up of Global Payout's proprietary CPG platform. The NWC estimates up to 4,000 cards will be issued and activated with commission payments being made directly to NWC's agents through the CPG portal over the first 12 months of the program.
Industry analysts have estimated the costs of issuing a check as high as $10 per check after considering all associated and recurring costs. These analysts have also estimated that these costs can fall to as little as $1 per payment through the use of a debit card and electronic payment platform. The NWC has selected Global Payout's debit cards and CPG solutions to allow for lower costs and more convenient commission payments to its distributors around the world.
According to its website, National Wealth Center (NWC) has revolutionized the home based business opportunity with over 300,000 lives impacted worldwide. NWC is backed by Multiplex Systems Inc., a 14-year-old U.S. based corporation. The National Wealth Center offers a robust suite of audio and video educational products for wealth creation and wealth preservation, as well as the opportunity to save money on the world's largest brands. More information on NWC can be found at http://nationalwealthcenter.com.
"National Wealth Center has projected significant growth for its prepaid debit card and CPG needs over just the first 12 months of the program," said Jim Hancock, CEO of Global Payout. "With distributors in the U.S. and in countries around the world, Global Payout is prepared to meet all of National Wealth Center's needs both now and in the future."
About Global Payout, Inc.
Global Payout, Inc. (www.globalpayout.com) is a leading provider of comprehensive, customized electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide. Global Payout implements payment solutions tailored to a client's specific needs, which may include MoneyTracTM, the company's Consolidated Payment Platform (CPG), domestic and international prepaid cards, chip and pin cards, custom and co-branded prepaid cards, and merchant processing services. The company targets an estimated $3 trillion market including the estimated 60-70 million unbanked, under-banked and unhappily banked adults in the U.S. and the estimated 2.5 billion around the world.
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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.