SAN DIEGO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Global Payout, Inc. (OTCPink:GOHE) is pleased to announce the launch of its newly formed logistics subsidiary, SecurCapital Corp. that will focus on logistics supply chain finance. SecurCapital is introducing a disruptive "one-click solution" offering FINTECH services in the underserved Supply Chain Finance marketplace, estimated at $800 billion globally. SecurCapital will offer solutions to logistics companies providing a cloud based business-to-business ("B2B") platform for global payments, FOREX, and AR factoring with secure multi-factor authentication designed to mitigate risk and reduce costs.
"Clearly, there has been a monumental transformation influenced by FINTECH, Blockchain and alternative banking options within the global payment landscape," said Global Payout CEO, James Hancock. "Traditional financial institutions are not positioned to serve global logistics payment requirements for secure access, integrated foreign exchange, and international payments or access to adequate working capital. SecurCapital will be providing a new financial pathway for the global logistics industry. Furthermore, we anticipate SecurCapital will become a significant revenue generator that should strengthen our suite of services and deliver value to the parent company, Global Payout." Mr. Hancock remarked further.
Global Payout has appointed Stephen J. Russell as CEO of SecurCapital Corporation. Mr. Russell is a veteran logistics executive having held CEO, COO, Founder and EVP positions in public and private logistics companies globally. He was an early cloud pioneer managing as the President & CEO of Salesforce.com - Asia Pacific (NYSE:CRM) and their launch in the Asia and Australia Region while headquartered 4 years in Singapore.
"We're very excited to launch SecurCapital as a first to market innovative Supply Chain Finance solution set for mid-tier logistics companies. The cold, hard fact is that one-third of the logistics industry still runs on Excel and older legacy in house systems for freight payment. Research shows that there is not only a lack of innovation, but also a lack of understanding of what FINTECH is and its potential impact on the logistics industry" said Russell. "Our aim is to offer the industry Supply Chain Finance solutions designed by actual logistics professionals to reduce cost of payments, FX, improve working capital liquidity, and gain dashboard visibility while leveraging the latest Cloud based FINTECH innovations."
The SecurCapital Platform ("SCP"), which the Company has developed through the technology available in its Global Reserve Platform ("GRP"), is a fully configurable, "banking-in-a-box" cloud-based platform. The overall design is a "closed proprietary ecosystem" (e.g.., intranet) so that each client has maximum control and security over any internal employees, partners, vendors, and contractors for bilateral payments and improved security.
About Global Payout, Inc. (OTC Pink:GOHE)
Since the Company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.
About SecurCapital Corporation
SecurCapital is a Fintech supply chain finance company offering premier payment and working capital solutions for the mid-tier logistics industry. The SecurCloud Platform provides an integrated system for global payments, foreign exchange, and factoring services through a proprietary ecosystem controlled by the client. The dashboard user environment allows the client to optimize cash flow management through document delivery of invoices, proof of delivery, and payment transactions to global vendors.
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