GOHE News Global Payout Announces International eW

GOHE News Global Payout Announces International eWallet Licensing Agreement with Intradata Solutions

2012-07-30 08:30 ET - News Release

SAN DIEGO, July 30, 2012 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) and First American Electronic Payment Solutions, Inc./Intradata Solutions (Intradata), have executed a licensing agreement that will enable Global Payout to employ Intradata's state-of-the-art software to power Global's international MoneyTrac payment solution.   The payment technology developed by Intradata is being utilized worldwide by global companies as well as government entities including TSTT (Trinidad and Tobago), TTT Moneycorp and Global Money Remittance.  The payment platform is also being utilized by numerous international money remittance businesses worldwide. The company thru its subsidiary Novo Payment is a teaming and solutions provider for IBM.  The agreement provides for Global to manage sales, marketing and customer service for their B2B clients.  Intradata will host the platform and will provide technical assistance in implementation for each business client.  In addition, Global will receive revenue from the platform based upon a revenue share arrangement between both Intradata and Global.  Global anticipates the platform will be launched on or about August 15, 2012.

"We believe that our technology is more comprehensive than any electronic payment platform in the market today, says Peter Vitelli, CEO of First American. "Our platform has the capability of making payments on a global basis either directly to banks or thru our vast remittance payment network.   We are expanding our payment and processing network daily.  Global's experience in the prepaid market will give us opportunities that will give us an edge in the B2B marketplace."