MTrac Executes Exclusive Management & Development Agreement With Blockchain Based Point Of Sale Company, Cultivate
October 03 2018 - 8:00AM
InvestorsHub NewsWire
MTrac Executes
Exclusive Management & Development Agreement With Blockchain
Based Point Of Sale Company,
Cultivate.
San Diego, CA --
October 3, 2018 -- InvestorsHub NewsWire -- Global Payout Inc.
(OTCPink:GOHE)
(“Global”) and its wholly owned
subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased
to announce the execution of an exclusive agreement with Cultivate
Technologies, LLC, a blockchain based Point of Sale company.
The deal allows MTrac to integrate Cultivate’s dynamic Point of
Sale system into its existing blockchain powered payment processing
platform. Delivering a fully enhanced and truly revolutionary
system that aims to streamline payment processing for all Low &
High-Risk-Merchants. Cultivate’s POS system is fully capable of
seed to sale integration and offers instant settlement on fees in
addition to enhanced compliance and reporting features, helping to
make MTrac the premier provider of
choice.
The move to
integrate Cultivate’s POS technology represents a strategic shift
from the original solution that mandated an in-store kiosk; now a
smaller, more affordable solution has been added to MTrac’s suite
of products. The system allows for the processing of transactions
via traditional pin/debit and credit card processing hardware.
After an extensive integration and beta testing period, the Company
firmly believes that taking a methodical approach throughout the
integration process has led to the development of a superior and
efficient payment platform that clients can trust.
MTrac has commenced
integration discussions with State mandated seed-to-sale systems to
further it’s partnerships and legislative efforts within the
cannabis and other high-risk
industries.
“This was the final
piece to the puzzle,” said Vanessa Luna, MTrac’s CEO. “In the last
few months our sales and marketing team have worked diligently to
successfully execute agreements and approve over 60% of the San
Diego cannabis market who will implement this system over the next
30 days. This agreement with Cultivate brings the tech support,
equipment, and ease of integration that will significantly enhance
our ability to capture those coveted high-risk-merchant sectors we
have been focused on for over a year now. The goal and objective of
MTrac continues to be bringing on approved merchants through the
seamless process our team has developed to fully support the rapid
growth we anticipate here on a large scale, to transact and
showcase the revenue potential of this
company.”
MTrac anticipates to
scale quickly beyond California to create a nation-wide footprint.
The Team has already begun working with agent and ISO groups to
facilitate the onboarding of hundreds of
clients.
About Global Payout,
Inc. (OTC Pink:GOHE)
From 2014 to 2017 Global focused on identifying new state of the
art technologies in a variety of industry sectors and successfully
helped launch MoneyTrac Technology Inc. and other companies within
the FinTech space. In 2018, Global completed a reverse triangular
merger with MoneyTrac Technology Inc. resulting in Global retaining
the wholly owned subsidiary, MTrac Tech Corporation. Global’s
current focus is continuing to identify new business opportunities
while it reorganizes its future business
endeavors.
About MTrac Tech Corp.
MTrac Tech Corporation. a Nevada Corporation is a privately held
wholly owned subsidiary of Global Payout, Inc. MTrac is a software
technology, sales and marketing, and business development company
focused on “high risk” and “high cost” industries. The Company’s
flagship product is the MTRAC payment platform offering a
full-service solution for alternative banking and electronic
financial marketplace with technology offerings including Payment
Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application
and Digital Payment Solutions. We are one network disrupting the
status quo. It is MTRAC’S creative vision through the use of its
innovative technology solution to become the premier service
provider offering the “Key to CashlessTM”
Forward-Looking Statements Disclaimer:
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 disclosed on the OTC
Markets.com website.
Public Relations and Media Contact:
Global Payout
www.GlobalPayout.com
702-333-4886 Investor Relations
Information@GlobalPayout.com
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