SolidTrust Pay Signs Agreement with Global Payout For U.S. Custom Debit Cards
Poster: SySAdmin
Posted on January 23, 2012 at 8:42:01 AM
SolidTrust Pay Signs Agreement with Global Payout For U.S. Custom Debit Cards
SAN DIEGO, Jan. 23, 2012 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has signed a Prepaid Card Agreement with SolidTrust Pay, Ltd. to offer complete management consultant services in launching their prepaid debit card program. The Prepaid Card Agreement requires Global Payout to assign the Tyburn Group, Inc., as Program Manager for their new debit card program. In addition, Global Payout will manage the due diligence, card design and card program approval in conjunction with Tyburn Group, Inc. and their U.S. issuing bank. This Agreement will result in monthly transaction revenue from active prepaid debit cards marketed and distributed by SolidTrust Pay commencing in the second quarter of 2012. SolidTrust Pay anticipates 10,000 active cards within the first 12 months, 18,000 active cards within 24 months and 25,000 active cards with 36 months.
The SolidTrust Pay General Spend Debit card program is being launched to provide a payout mechanism for SolidTrust Pay electronic account holders. The SolidTrust Pay account holders who are U.S. residents will now be able to transfer funds from their electronic accounts directly onto the SolidTrust Pay debit card. This will result in the SolidTrust Pay account holder receiving their funds instantly and access cash at ATMs and Point of Sale merchants nationwide.
"Global Payout is excited with the opportunity to offer an effective payout alternative for Solid Trust Pay U.S. accountholders," says Jim Hancock, CEO of Global Payout, "Based upon SolidTrust Pay's increased U.S. membership, we anticipate significant growth in debit card revenue."
"We chose Global Payout and their management team because they have the experience in launching successful prepaid card programs," says Stella Hiemstra, co-founder and CEO of SolidTrust Pay. "We expect to build a successful partnership with Global Payout for additional payment solutions, both in the U.S. and internationally."
About Global Payout, Inc.:
Global Payout, Inc., http://www.globalpayout.com, headquartered in San Diego, California, is a payment solutions provider offering U.S. and International companies electronic payment and prepaid debit card solutions. Through Global Payout's processors and solution providers the company offers an international payment platform allowing accountholders to move money to personal bank accounts in over 200 countries. In addition, the company provides for U.S. and International debit cards, allowing accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global, is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
About SolidTrust Pay
SolidTrust Pay, http://www.solidtrustpay.com, headquartered in Ontario, Canada, is an international payment processor for consumers and businesses. SolidTrust Pay was designed so that anyone with an email account can send and receive funds worldwide. The company has built its account base over the last 5 years to 250,000 accounts worldwide and 42% of the accounts are U.S. residents.
About Tyburn Group, Inc.:
The Tyburn Group, http://www.tyburngroup.com, located in San Francisco California, has been creating and delivering prepaid card programs using the latest technology for their global customers since 2007. Tyburn has banking relationships and processing services, as well as the understanding of all regulations and requirements to get prepaid debit card programs to market.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, award looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
CONTACT:
Joe Sebo, Chief Financial Officer
joe@globalpayout.com
Global Payout, Inc.
T.760.433.3399
F.215.294.4626
http://www.globalpayout.com
SOURCE Global Payout, Inc.
Global Payout, Inc.
Web Site: http://www.tyburngroup.com
SAN DIEGO, Jan. 23, 2012 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has signed a Prepaid Card Agreement with SolidTrust Pay, Ltd. to offer complete management consultant services in launching their prepaid debit card program. The Prepaid Card Agreement requires Global Payout to assign the Tyburn Group, Inc., as Program Manager for their new debit card program. In addition, Global Payout will manage the due diligence, card design and card program approval in conjunction with Tyburn Group, Inc. and their U.S. issuing bank. This Agreement will result in monthly transaction revenue from active prepaid debit cards marketed and distributed by SolidTrust Pay commencing in the second quarter of 2012. SolidTrust Pay anticipates 10,000 active cards within the first 12 months, 18,000 active cards within 24 months and 25,000 active cards with 36 months.
The SolidTrust Pay General Spend Debit card program is being launched to provide a payout mechanism for SolidTrust Pay electronic account holders. The SolidTrust Pay account holders who are U.S. residents will now be able to transfer funds from their electronic accounts directly onto the SolidTrust Pay debit card. This will result in the SolidTrust Pay account holder receiving their funds instantly and access cash at ATMs and Point of Sale merchants nationwide.
"Global Payout is excited with the opportunity to offer an effective payout alternative for Solid Trust Pay U.S. accountholders," says Jim Hancock, CEO of Global Payout, "Based upon SolidTrust Pay's increased U.S. membership, we anticipate significant growth in debit card revenue."
"We chose Global Payout and their management team because they have the experience in launching successful prepaid card programs," says Stella Hiemstra, co-founder and CEO of SolidTrust Pay. "We expect to build a successful partnership with Global Payout for additional payment solutions, both in the U.S. and internationally."
About Global Payout, Inc.:
Global Payout, Inc., http://www.globalpayout.com, headquartered in San Diego, California, is a payment solutions provider offering U.S. and International companies electronic payment and prepaid debit card solutions. Through Global Payout's processors and solution providers the company offers an international payment platform allowing accountholders to move money to personal bank accounts in over 200 countries. In addition, the company provides for U.S. and International debit cards, allowing accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global, is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
About SolidTrust Pay
SolidTrust Pay, http://www.solidtrustpay.com, headquartered in Ontario, Canada, is an international payment processor for consumers and businesses. SolidTrust Pay was designed so that anyone with an email account can send and receive funds worldwide. The company has built its account base over the last 5 years to 250,000 accounts worldwide and 42% of the accounts are U.S. residents.
About Tyburn Group, Inc.:
The Tyburn Group, http://www.tyburngroup.com, located in San Francisco California, has been creating and delivering prepaid card programs using the latest technology for their global customers since 2007. Tyburn has banking relationships and processing services, as well as the understanding of all regulations and requirements to get prepaid debit card programs to market.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, award looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
CONTACT:
Joe Sebo, Chief Financial Officer
joe@globalpayout.com
Global Payout, Inc.
T.760.433.3399
F.215.294.4626
http://www.globalpayout.com
SOURCE Global Payout, Inc.
Global Payout, Inc.
Web Site: http://www.tyburngroup.com