- Innovative Global Reserve Platform enables seamless international payments
- “Banking in a box” Global Reserve Platform provides full front-to-back office processing for banks
- Solutions serve the global logistics industry, high-risk sectors and more
In a recent interview (http://nnw.fm/no3tA) with NetworkNewsWire, Global Payout, Inc. (OTC: GOHE) CEO James Hancock detailed where the innovative payment solutions company has been, where it is now, and where it plans to be in the future.
Global Payout is a frontrunner in the FINTECH revolution (http://nnw.fm/3HvjQ), offering versatile and innovative solutions for domestic and international organizations distributing money on a global scale. The company’s solutions include a cutting-edge “banking in a box” fintech payment system designed for online and mobile applications. This Global Reserve Platform solution enables account holders to maximize a full array of financial services while reducing operational costs.
This FINTECH system was built on the foundation of Global Payout’s original online payment platform, the Consolidated Payment Gateway (CPG). Introduced in 2014, the CPG made it possible for enterprise clients to transfer money to international bank accounts, mobile accounts and prepaid card accounts.
Global Payout’s origins date back to 2009, when it was founded as a prepaid card company, as Hancock explains in the interview. As Global Payout began dealing with international companies, it was realized that international connections were needed to properly serve them. Global Payout was obliged to go outside of the United States to acquire international issuing banks, as well as Visa and MasterCard.
Company leaders realized that while prepaid cards were good, what the world needed was a platform that enabled the movement of money to bank accounts in particular countries. Businesses were in need of an immediate and more responsive means of paying certain employees than was afforded by prepaid cards.
Rising to the occasion, Global Payout began developing the CPG to meet business-to-business needs rather than business-to-consumer. The platform enabled businesses to quickly, efficiently and cost-effectively make payments to employees and other individuals who lived outside the United States. Subsequent enhancements to the CPG have resulted in Global Payout’s Global Reserve Platform, which has integrated bank networks worldwide and, thereby, simplified the process of transferring money between businesses on an international scale.
This web-based platform:
Has provisions for blockchain technology within virtual currency markets, including bitcoin
Adopts 26 foreign languages at present
Performs currency exchange on a global level
Offers KYC compliance for all account holders and merchants
As Global Payout continues to grow, its efforts to identify the most profitable business segments have also increased. Current primary targets for the company include:
Logistics and shipping
International travel companies
Banks
Small to medium-sized businesses
The cryptocurrency and marijuana industries
A lack of fast and cost-effective payment options for companies in these industries opens the way for Global Payout to experience great success. The response from logistics leaders, for instance, has been exceptional. The efficacy of the Global Reserve Platform as a solution for supply chain companies is illustrated by a licensing agreement Global Payout recently signed with Cagney Global Logistics. Global Payout is also in negotiations with commercial banks, cannabis enterprises and entities in the cryptocurrency market.
For more information, visit the company’s website at www.GlobalPayout.com
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