San Diego, June 09, 2015 (GLOBE NEWSWIRE) --
SYDNEY, AUSTRALIA and SAN DIEGO – June 9, 2015 – Rision Pty Ltd., an IT solutions company with enterprise grade, patented technology focused on solutions for the human resources industry and Global Payout, Inc. (OTC Pink: GOHE), a leading provider of international electronic payment solutions and patent-pending PIVOT© technology, jointly announced today a Joint Venture to create a revolutionary human resources and payment application aimed at satisfying employers and employees worldwide. The ‘paycheck to pocket’ solution is to be incorporated with the complete suite of contingent work solutions offered by Rision including JobMatch, Roster, LastMinute, TimeSheet and Report.
Rision’s technology enables job seekers, employers and human resources departments or recruitment firms to interact in a transparent, efficient and user-friendly way that drives improved work practices and productivity. Global Payout is a USA based internet and mobile payment company that enables its customers to send payments anywhere in the world on general purpose reloadable cards at very low cost, and loaded with many additional benefits such as Loyalty & Rewards and featured health benefits in certain markets. Under the Joint Venture, the two companies will strive to complete definitive agreements and mutual reseller agreements on or before July 15, 2015 while developing an integration plan to enable beta testing in Q3 of 2015 and commercial deployments to begin Q4 2015.
The target result of the joint venture is to provide a mobile payment solution, enabling internationally based employers to pay their employees directly to a mobile wallet, linked to a pre-paid debit card including but not limited to Visa, Discover and/or MasterCard prepaid cards, and co-branded or custom prepaid cards. The jointly developed product will be initially target business customers based in the USA, with plans to expand to other global markets.
Managing Director of Rision, Kate Cornick said “Recent surveys by the US Government show there are nearly 9.6 million households that unbanked in the USA, and an additional 24.8 million are underbanked. Rision will enable this demographic with easy access to employment, and our joint venture with Global Payout will further empower the underbanked through improving access to payroll.”
Chief Executive Officer of Global Payout, Jim Hancock said “Our joint venture with Rision allows Global Payout to provide payroll services to a broader network of clients. We are excited to be working with Rision to develop a product that will help unbanked people in the USA and beyond.”
Through the joint venture, employees of participating businesses will be given immediate access to their payroll through their mobile wallet, which is linked to a direct debit card that may be used at ATM machines, bricks and mortar points of sale and Internet merchants. Employees will also be able to load cash onto their debit card and simultaneously into their ewallet at 90,000 Green Dot Network locations including retailers such as Walmart, K-Mart, RiteAid, CVS Pharmacy, Walgreens, and 7-11 stores.
Additionally, cardholding employees can enroll to access discounted healthcare benefits through Global Payout’s partnerships with WellCard Health Discount Plan. The Wellcard plan provides pre-negotiated health care discounts on a wide range of health services, spanning a network of over 410,000 physicians and 45,000 ancillary provider locations throughout the USA. Cardholding employees will also be able to register for the integrated Loyalty & Rewards program provided by HelpWorldWide. Reward points can be automatically earned and recorded from numerous retailers. These points can either be used as discounts at merchants, donations to charity and cash redemption through the prepaid debit card. Rision and Global Payout will further explore how loyalty may be used in an employment setting under the joint venture.
CONTACT:
Global Payout, Inc.
Investor Relations
IR@GlobalPayout.com
1-800-594-4350
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About Rision Pty Ltd
Rision is a company focused on IT solutions for the human resources industry.
Rision’s enterprise grade, patented technology enables job seekers, employers and human resources departments/recruitment firms to interact in a transparent, efficient and user-friendly way that drives improved work practices and productivity. Job seekers more easily find work in locations and at times that suit their availability. Employers manage the human resources needs of their employees, and gain valuable business intelligence on workforce productivity. HR departments/recruiters manage and grow their casual candidate databases, and better service their internal clients/customers.
Rision’s technology has applications across a broad range of industries including hospitality, fast food, retail, event management, nursing, security, gaming and governments.
Reclaim Industries Limited has entered into a Share Sale Agreement to acquire Rision Pty Ltd (formerly Employment Management Systems Pty Ltd). See ASX Announcement dated 23rd September 2014.
About Global Payout, Inc.
Global Payout, Inc. (www.globalpayout.com) is a leading FinTech provider of comprehensive, customized electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide. Global Payout implements payment solutions tailored to a client’s specific needs, which may include MoneyTracTM, the company’s Consolidated Payment Gateway (CPG), domestic and international prepaid cards, chip and pin cards, custom and co-branded prepaid cards, closed-loop marijuana payment systems, and merchant processing services. The company targets an estimated $3 trillion market including the estimated 60-70 million unbanked and under-banked adults in the U.S. and the estimated 2.5 billion unbanked and under-banked adults around the world.
Engage with us by following Global Payout on Twitter and connect with us on LinkedIn.
Forward-Looking Statement: The statements in this press release…are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete post-closing conditions to the merger, and any other difficulties related to risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue our growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.