SAN DIEGO, March 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- MoneyTrac Technology, Inc. ("MTRAC", the "Company"), a subsidiary of Global Payout, Inc. (OTC:GOHE), is pleased to announce that its partner, GreenBox POS ("GBOX") will be sponsoring Nate Errez, native of San Diego, in his bid to represent the United States in Sprint Kayaking, at the 2020 Summer Olympics. Sprint Kayaking is an Olympic sport similar to rowing where athletes race on calm water in thin and lightweight crafts. There are K1's, K2's, and K4's, where the number represents how many people there are in a boat.
Nate Errez has made a name for himself in both national and international competitions and has been on the US national team for the last 4 years, and the GBOX team is incredibly proud to have this opportunity to support his ambition of successfully competing in the 2020 Summer Olympics for the US. Their sponsorship also demonstrates the company's ongoing commitment of supporting the talented individuals that make up the communities they are located in. In addition to San Diego, GBOX currently has offices in Seattle, WA and Vancouver, B.C.
Said MTRAC CEO, Vanessa Luna: "At MoneyTrac Technology, we take a tremendous amount of pride in partnering with companies and individuals who not only demonstrate the synergy needed to form a successful business partnership, but who are also dedicated to going a step above and becoming a valuable resource to the people within their communities. I am very excited to be partnered with GreenBox whom have already established themselves as a very important piece of the puzzle required to meet our objective of "Banking the Unbankable." MoneyTrac often joins in the effort to support local communities together with our partners, and we are happy to announce our support of the Olympics and Paralympics."
About MoneyTrac Technology
MoneyTrac Technology, Inc. is a pioneer in offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including E-Wallet and mobile apps for businesses and companies in various high costs of banking industries. MoneyTrac's technology platform allows its clients to access their financial information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow of all revenue through their business.
About GreenBox POS, LLC.
GreenBox POS, LLC ("GBOX") brings innovative and unique solutions to the market. GBOX is diligently working on making the Cashless Society vision a reality. The technology company core focus is building customized software and hardware suite of disruptive payment solutions benefiting most industries. GBOX develops all software both inhouse and with international subsidiaries, and the required electronics modifications in partnership with equipment manufacturers. The results are best in class solutions for new and existing merchant scenarios. All GBOX products are fully integrated and utilize Blockchain technology for secure, safe, and reliable record keeping and general operations. Among GBOX products: POS (Point of Sale software and hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app, providing financial APIs to all other components); and Blockchain KIOSK (deposit, cash and E-wallet management). All products (software and hardware) are now available. The capitalized names (POS, DEL, PAY, and KIOSK) are internal product codes. All V1 products (software and hardware) are appropriately branded.
About Global Payout, Inc. (OTC Pink:GOHE)
MoneyTrac Technology's majority interest is held by Global Payout Inc. Since the Company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.
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