NEW YORK, NY — (Marketwired) — 08/28/17 — NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, announces the online availability of its interview with CEO James Hancock of Global Payout, Inc. (OTC: GOHE), a payment solutions company focused on providing global access to technology for optimizing financial transactions to enterprise, and governmental markets.
Hancock shares his insight into the company–s past, present and future with NNW–s Stuart Smith in a wide-ranging interview available at
“We originally started back in 2009 as a prepaid card company,” Hancock begins. “Then we found out we needed international connections with the international companies we were starting to deal with so we actually had to go outside of the U.S. and get issuing banks and Visa and MasterCard outside of the U.S.”
That led to the realization that “a prepaid card was great, but if you had a platform that could move money to a bank account in a particular international country, it would be even better,” he said. Businesses required a more responsive and immediate method to pay certain employees than with prepaid cards.
Global Payout heard that need, and so the development of the “Consolidated Payment Gateway” began, geared toward business-to-business needs, instead of business-to-consumer. This new platform allowed a business to make payments to an individual member or employee of the organization who lived in another country in a quick, efficient and cost-effective way, Hancock explains.
Improvements to that platform led to the Global Reserve Platform, which made it easier to transfer money between businesses on an international scale by integrating bank networks worldwide.
The web-based Global Reserve Platform:
Provides for blockchain technology within virtual currency markets such as bitcoin
Currently adopts 26 foreign languages
Performs currency exchange worldwide
Offers compliance in KYC for all account holders and merchants
As Global Payout has grown, its search for the most profitable business segments has also expanded.
“We–ve discovered the industries we–re going to focus on,” Hancock says, adding that the company–s primary targets right now are logistics and shipping, international travel companies, banks and small- to medium-sized businesses. Additional areas of interest include cryptocurrency and the cannabis industry.
“Quick and cost-effective payments are not being made by these companies and it opens a huge opportunity for us,” states Hancock. “We have gotten a tremendous response from the leaders in the logistics business, so we–re looking forward to approaching that.”
A recently signed licensing agreement with Cagney Global Logistics illustrates how effective the company–s Global Reserve Platform can be for supply chain companies presented with the challenges facing today–s business owners.
“We also have negotiations with commercial banks, the cannabis industry and cryptocurrency that we–ll probably be talking more about,” Hancock added toward the end of the interview. “There–s a lot going on and we need to focus on the logistics side, but there are other opportunities that we–re excited about.”
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 Payout 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, designed for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global Payout will continue to offer its 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.
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This 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company–s SEC filings. These risks and uncertainties could cause the company–s actual results to differ materially from those indicated in the forward-looking statements.
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