SAN DIEGO, CA and LONDON, UNITED KINGDOM--(Marketwired - Dec 12, 2013) - Global Payout, Inc. (
In mid-November 2013, the parties had signed a product sharing agreement on an EMV (EuroPay, Visa MasterCard Smart Card) Visa International Prepaid Debit Card developed with a partner bank in Europe. By the end of this month, the companies expect to complete joint venture agreements on three more EMV Visa and MasterCard cards, including a globally deployable GPR (General Purpose Reloadable) Card for the retail scene.
This joint venture enables each company to deploy the other company's prepaid products to meet and best-fit new client needs when situations warrant.
"The prepaid products offered by Global Payout and CSS Prepay are complementary in many respects but are sometimes different in geographic restrictions and application uses. We feel it is better for both companies to share new revenue streams in competitive situations than to leave clients without best solutions for their requirements. With this new alliance strategy, we intend for all parties, including our new clients, to be winners," says James L. Hancock, CEO of Global Payout.
Mark McDonald, Managing Director of CCS Prepay added, "Both of our companies were early developers of International Prepaid Debit Cards. Today the market is rapidly maturing, not only in geographic diversity of deployment of these products but also in the requisite variety of applications. By joining forces in this fashion, we are better positioned to capture the window of opportunity and enhance our collective market share."
About Global Payout, Inc.
Global Payout, Inc. (www.globalpayout.com), headquartered in San Diego, California, is a management consultant services company and program manager offering companies electronic payment and prepaid card solutions. Global Payout has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses. Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions. The company provides U.S. and international prepaid cards, allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.
About CCS Prepay UK Ltd.
CCS Prepay UK, Ltd. (www.ccsprepay.com) is a Business to Business electronic payments service provider, which, since early 2005, has been consulting in the area of prepaid debit card implementation strategies across Europe, Middle East & African (EMEA) region, expanding into Asia Pacific and Latin America during 2006. As a world leading prepaid debit card management consultancy, CCS Prepay provides opportunities for multi-national corporations to streamline their business processes through the provision of electronic payment solutions. Our prepaid debit card portfolio help corporations reduce the costs associated with the global disbursement of funds to employees, affiliates or members.
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.