New MTrac Platform Increases Processing Volume Significantly Over Previous System
October 09 2018 - 8:00AM
InvestorsHub NewsWire
New MTrac Platform
Increases Processing Volume Significantly Over Previous
System
San Diego, CA --
October 9, 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 that the new Pin Debit system has been deployed in one
of the earliest merchants to sign on with MTrac, and the Company is
pleased to report that the new system is live and has significantly
increased the number of transactions processed through the MTrac
Platform in recent days. The goal of MTrac has been, and continues
to be, to provide seamless merchant processing for high risk
industries such as Cannabis, and the new system developed by
Cultivate and brought to market by MTrac makes it easier than
ever.
The new Pin Debit
system is virtually identical to a regular merchant processing
station, but with the added features of Blockchain technology, such
as its inherent security and unparalleled record keeping abilities.
The payment platform can be fully integrated with existing Point of
Sale systems but also works flawlessly as an external payment
method. The back-end merchant wallet acts as a virtual bank
account, providing merchants with a robust portal for business
expenditure management and reporting. The ability of the system to
process traditional credit and debit card transactions has paved
the way for widespread adoption. With quicker checkout and less
workarounds for consumers, such as those with the mobile app or
pre-paid card, merchants are able to process more clients per day
while increasing sales through card transactions. The ease of use
exposes its own utility in the number of increased transactions per
hour, which was revealed over the weekend in the Company’s first
live test case where daily gross sales and volume of transactions
have demonstrated a steady increase for the merchant when compared
to the previous version of the MTrac
Platform.
Over the next few
days, the Company fully anticipates the successful completion of
its first live test case of the new MTrac Platform and is poised to
rollout the system with three additional merchants before week’s
end. The ease of deploying and installing this new system makes
scaling much easier compared to the previous solution, and the
company is looking to board dozens of new merchants across the
country in the coming weeks.
“We were extremely
excited to see Cultivate’s enhancement to the platform,” Said
Global Payout CEO, Vanessa Luna. “In taking the first version of
our MTrac Platform to market we discovered that many merchants and
users had noted the two-step process with the mobile app as being
somewhat cumbersome to use for simple merchant processing and we
immediately identified this crucial feedback as something we would
need to address in order to achieve the mass adoption of our
platform with both the merchants and consumers. The integration of
the Pin Debit technology brought to us by Cultivate has not only
addressed this precise issue, but in my opinion has solved it
entirely and in the process has placed this Company in the best
position it has ever been in to produce
revenue.”
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.MTractech.com
1.800.978.1610
Office
Information@GlobalPayout.com
Communications Contact:
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