Global Payout, Inc. (OTC: GOHE) is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company") has finalized a JV Agreement with Equity and Exclusivity in Sales and Marketing with GreenBox POS, LLC ("GBOX"). This agreement provides for an exclusive partnership whereby MTRAC will serve as a strategic sales and marketing resource to GBOX. In exchange, MTRAC will be given marketing rights in the US, Canada and Mexico, which the Company contends could provide for significant revenue in year one. MTRAC plans to launch GBOX services in April 2018.
GBOX is a technology company that builds customized payment solutions to different industries. Based in California with offices in Seattle, Vancouver, BC and San Diego, the company develops individual disruptive applications integrated in an end-to-end suite of financial products that can benefit almost any industry. GBOX develops all software both inhouse and with international subsidiaries, and has been awarded 5 provisional patents for its technology. GBOX, in collaboration with various partners, also develops the required electronic modifications necessary to create POS (Point of Sale) systems for first time merchants or to upgrade existing solutions, and also offers custom built blockchain KIOSK machines.
GBOX's POS software includes a great deal of operational features: compliance, financial audit prep, expense tracking, tax payments, register specific features, and data fidelity (backup/restore, cloud security, privacy, etc.) controls.
Delivery infrastructure software controls all delivery aspects (dispatch, driver and consumer modes), including communication with the POS for inventory management, location control, delivery confirmation, and with PAY (payment infrastructure for payment, E-Wallet management and cashless operations). The PAY software controls all payment and blockchain communications, including digital escrow and asset monetization. GBOX's KIOSK software/hardware solution handles all cash issues for cashless operations, performs direct and immediate deposits from cash to blockchain and confirms bank account availability within seconds.
The GreenBox POS Management Team consists of Mr. Fredi Nisan, CEO, who comes from the POS and merchant services business and has recently completed a successful exit in the POS and ERP business, which he founded and managed through the exit. Ben Errez, EVP, comes from the investment, consulting and big software and hardware industries, with previous executive roles at Microsoft (including engineering management of Microsoft Office for complex scripts), IBM (with which he had an exit), and Intel. Ben also consulted the world's biggest private economy, World Trade Center, on payment systems, security, reliability and privacy of software and hardware development. When asked about this partnership, Mr. Nisan said, "We are confident in the MTRAC team's capability to successfully bring our software and technology out of beta and into the market. MTRAC's executive team has an impressive track record and we believe they are innovators and will disrupt every status quo with our new technology. Together, we created an impressive launch platform and look forward to introducing it to the world."
Said MTRAC CEO, Vanessa Luna: "The details, intricacies, and overall effectiveness of the technology that GreenBox POS has developed is unrivaled by anything else we have seen thus far and is something we believe will disrupt the financial technology side of it. Not only are their technology solutions impressive, but they fall right in-line with MoneyTrac's core objective and mission of "Banking the unbankable." In becoming a lead sales and marketing partner for GreenBox, we are giving MoneyTrac another extremely effective resource, leveraged to deliver the solutions our customers and partners desperately need to help run their businesses with optimum efficiency."
Sponsored Content Release
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.