SAN DIEGO, Sept. 5, 2013 /PRNewswire/ -- Global Payout, Inc. (OTC: GOHE) has received a signed agreement with Classic Credit Systems ("Classic"), to supply its members with its reloadable MoneyTrac(TM) Prepaid cards. Global Payout will provide each Classic member with this prepaid card to enable discounted on-line purchasing. Classic anticipates 10,000 new members per year after launching their service in August 2013. The MoneyTrac Prepaid card will enable Classic members to now have access to on-line shopping, direct deposit of payroll and full point of sale and ATM availability nationwide.
Classic Credit (www.classic-credit.com) is an on-line shopping mall targeting consumers that do not have access to on-line shopping. As a member of Classic Credit, the individual will be able to receive a MoneyTrac Prepaid card through Global Payout. Members can load funds to their card by direct deposit from their employer or load cash at 60,000 retail locations. Additionally, Classic Credit members will benefit by receiving a dollar for dollar credit applied to their Classic Shopping Cart for each dollar loaded to their MoneyTrac prepaid card. Classic Credit has initially ordered 1,000 cards but overall demand should be around 5,000 cards every 6 months.
"Classic Credit Systems is providing an innovative approach to on-line shopping and we anticipate adding additional prepaid cards based upon their projected growth for 2013 and 2014," says James L. Hancock, CEO, Global Payout, Inc.
"Our members will be able to enjoy a true catalogue shopping experience through our web site and access other services through their MoneyTrac Prepaid card," says Lori Bridges, Director of Operations for Classic Credit Systems.
"We required a specially designed integration system to accommodate the dollar for dollar money match feature and Global made it happen," says Ms. Bridges.
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company and program manager offering companies electronic payment and prepaid card solutions. Global Payout has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses. Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions. The company provides for U.S. and international prepaid cards allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.
About Classic Credit Systems
Classic Credit Systems offers a credit package that has been designed specifically for the unbanked, the under banked and anyone wishing to improve their existing credit rating and/or establish new credit, while getting great bargains on great merchandise that they use every day. This package offers a combination of a shopping credit line, credit bureau reporting and the MoneyTrac Prepaid card. All Classic Credit customers receive a 15 day free trial and the ability to cancel membership at any time with no penalties. Classic Credit is also supported with live customer service via toll free numbers, live online chat and email communications by a company with 17 years of successful customer service experience in the industry.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward 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.
SOURCE Global Payout, Inc.