SAN DIEGO, June 28, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that their wholly owned subsidiary MTrac Tech Corp. (“MTrac”) has officially launched the MTrac App, powered by GreenBox POS (OTCQB:GRBX) technology, and it is now available for download in both the Apple and Android marketplaces. The app serves as an integral component to the innovative MTrac payment platform and ecosystem that aims to become “The Key to Cashless™” for merchants operating throughout a variety of emerging “high-cost” and otherwise perceived as “alternative” market sectors.  

With the MTrac app, consumers can load funds to an eWallet with cash, credit, or debit card using an in-store kiosk licensed from GreenBox POS (“GRBX”) at participating merchant locations, or conveniently load funds with their credit or debit card directly to the app. For future versions of the app the intent is to include an option to load funds directly from a bank account, as well as provide consumers with more options to exit the ecosystem. Customer wallets are protected by two-factor authentication for added security, and offer the ability to check one’s balance, transaction history, and seamlessly make purchases at merchant locations. From a merchant perspective, the app serves as an additional, and highly-convenient tool for them to securely track all sales in real-time through a ledger that cannot be modified, and pay employees, vendors and local government taxes all within the intuitive, and cashless MTrac ecosystem. It also significantly reduces the amount of cash on-hand within their retail location which has become a serious safety, security, and logistics concern for the hundreds of thousand merchants operating in various market sectors that are limited with payment processing options outside of cash.

“Cash and high fees or cost of business remains at the core of challenges that so many merchants operating in a variety of different high-risk retail sectors face on a daily basis,” said Global Payout CEO, Vanessa Luna. “The launch of the MTrac app represents another important milestone with the steady progress we continue to make bringing MTrac into the mainstream. I am absolutely excited for the continued receptiveness, value, and recognizable attributes the MTrac system plays for both the merchant and the consumer. We are truly in a time of  endless possibilities with what I see as one of the most complete and powerful cashless ecosystems offered today.” 

Download the app today and put the “The Key to Cashless ™” in the palm of your hand.

About Global Payout, Inc. (OTC Pink:GOHE)

From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors.

About MTRAC Tech Corp.

MTRAC Tech Corp. a Nevada Corporation is a privately held wholly owned subsidiary of Global Payout, Inc. MTRAC is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTRAC payment platform offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network disrupting the status quo. It is MTRAC’S creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to CashlessTM”

About GreenBox POS, LLC:

GreenBox POS ("GRBX") is a hardware and software technology company that builds customized payment solutions to different industries. GRBX is based in California with offices in Seattle, WA; Las Vegas, NV; Vancouver, BC, Canada; and HQ in San Diego, CA. The company develops individual disruptive applications integrated in an end-to-end suite of financial products, supporting multiple industries and with an emphasis on Blockchain secured ledger technology. The company was awarded 5 provisional patents for its technology. GreenBox POS develops the following main products: POS (Point of Sale software and hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app, providing financial APIs to all other components); KIOSK (deposit, cash and E-wallet management). All products, services and custom hardware are available now from GRBX.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

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