SAN DIEGO, April 03, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) ("Global") is pleased to announce that its subsidiary MoneyTrac Technology, Inc. ("MTRAC", the "Company") announced today that its partner, Integrated Compliance Solutions (ICS) has committed to serving as the compliance arm of MTRAC, a full-service payment solution powered by GreenBox's state-of-the-art closed loop blockchain technology. ICS has effectively established themselves in the Cannabis industry as a leader in Know Your Customer (KYC) procedures as well as with legal compliance solutions for this rapidly growing industry, and ICS is excited to add value to the partnership by being tasked with oversight of all compliance-related aspects and due diligence required by MoneyTrac as they bring MTRAC to market.
In January of this year, MTRAC executed a Joint Venture Partnership Agreement with ICS to provide them with business development, sales, and marketing support as part of ICS's go-to-market strategy within the cannabis industry. As a leading provider of compliance in this space the Company believes they are the ideal choice to provide MTRAC with the necessary compliance to thrive in this multibillion dollar industry. ICS already serves a number of banks in the cannabis industry and most recently established a service agreement with TheraCann and TKS Ventures, which effectively demonstrates the ongoing emergence of ICS as a leading provider of critical compliance-related services and solutions to businesses operating within cannabis related industries. Additionally, this adds value to MTRAC's partnership with ICS, with whom MTRAC has an equity stake.
"ICS has done an excellent job of making a name for themselves in terms of offering highly effective and much needed compliance for the Cannabis industry," said MTRAC CEO Vanessa Luna. "We believe they have the necessary technology, experience and connections to provide the best compliance our network of clients can benefit from."
Said ICS CEO, Christopher Johnson: "In this highly regulated industry, we at Integrated Compliance Solutions are constantly on the lookout for key partnerships in the S2S space. MTRAC's unique solutions and services offering is truly a game changer in the market today. We believe the stronghold of these relationships including TheraCann and TKS Venture's with disruptive new technologies further solidifies our ability to be the leading compliance service provider for the industry."
MTRAC intends for much of its focus over the coming weeks to surround incorporating the multiple strategic partnerships it has cultivated within the financial, banking, and compliance service sectors into the ongoing co-development of a cashless solution that meets the demands and needs of the emerging retail cannabis industry. We believe our solution, MTRAC will be "The Key to Cashless"
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 MoneyTrac Technology
MoneyTrac Technology, Inc. (MTRAC) is a "New Age Technology Holding Company" offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions for businesses and companies in various "high-costs of banking" industries. MTRAC offers additional suites of services ranging from business development, sales and marketing, to digital and print advertisement. We are One Network disrupting the status quo. It is MTRAC'S creative vision to create a "The New Age of Currency" by bringing innovative technology solutions to various industries and providing the means for "Banking the Unbankable"
About Integrated Compliance Solutions
ICS is the industry leader in compliance software and innovative, cost effective merchant payment solutions. Their experience in financial services and payments technology allows them to apply the heightened federal requirements to preferred providers that meet strict requirements. The result: a competitive, complete, and stable set of services that complement the merchant's goals. As a Seed to Bank compliance partner, ICS has simply been used by more banks, for longer, and more CRB businesses than any one of their competitors in the space. Their services are proven and well respected in the industry.
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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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