San Diego, Aug. 19, 2014 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink: GOHE), the leading provider of international electronic payment solutions, announced today its intention to acquire 100% of Maxie Mobile, LLC., a revolutionary mobile payments provider focused on the "under-served" in markets in the US and globally. The move will solidify Global Payout's position as a key provider of financial services to the 2.5 billion un-banked and under-banked adults in the world and will complement and extend Global Payout's existing MoneyTracTM Consolidated Payment Gateway and international EMV debit card programs. EMV stands for Europay, MasterCard and Visa, a global standard for inter-operation of integrated circuit cards (IC cards or "chip cards") and IC card capable point of sale (POS) terminals and automated teller machines (ATMs), for authenticating credit and debit card transactions. Once completed, the acquisition will immediately provide the un-banked and under-served populations of the world with a cost effective means of accessing their money, paying bills, topping up prepaid phones and cashing checks using the Maxie Mobile financial services application.
Maxie Mobile's mobile payment application is given away for free and operates on any mobile smartphone including Android, Apple, Blackberry and Windows based phones. From their phones, users are able to pay bills, cash their checks, top-up a prepaid phone, send money to 120 countries, make free long distance calls and all users receive a virtual and prepaid debit card enabling on-line and retail purchasing and instant access to ATMs.
If the acquisition is completed as planned, Maxie Mobile is expected to attract many new customers, and generate substantial revenue. The acquisition is scheduled to close within the next 30 days.
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, is the leading new Program Manager of B2B custom and conventional electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide. Global Payout uniquely serves an estimated $3 trillion market with a secure, easier to use and lower-cost payment platform giving users competitive and comparative advantages over banks and other payments and remittance providers. The company's proprietary and fraud resistant Consolidated Payment Platform (CPG) solves fund disbursement and payment challenges by giving the user the ability to transfer money, disburse funds or make ACH payments from: corporations, member organizations, governmental and nongovernmental organizations, institutions, faith-based organizations, network marketing companies, unions and administrators of various types of financial aid and entitlement programs such as food stamps, healthcare benefits and academic related payments that need to reach "banked" or "non-banked" individuals, businesses, organizations or government agencies in any World Financial Task Force or OFAC compliant country.
Branded as MoneyTracTM, the CPG platform provides businesses, organizations and government agencies (and their cardholders or account holders) the ability to manage and monitor payments to and from "non-bank" accounts and eWallets online, and through a variety of prepaid debit card solutions issued via most major card issuers, as well as other customizable payment solutions. MoneyTracTM payment solutions enable these establishments to make payments to their cardholders or accountholders with or without bank accounts, allowing both to possess and distribute funds in almost any country for payroll purposes, vendor payments, rebates and expense reimbursement and daily spending purposes while also providing seamless foreign currency exchange when/where applicable. Global Payout is also capable of including in these electronic payment platforms the ability to reload cards and/or transfer money to bank accounts, credit cards and debit cards worldwide. The CPG platform is a permission based API (application programming interface) and will also include mobile app capability in the near future.
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.
CONTACT: Global Payout, Inc. Investor Relations IR@GlobalPayout.com 1-800-594-4350
Source:Global Payout, Inc.