Global Payout, Inc. (GOHE) has been an innovative provider in business-to-business payment solutions since its inception in 2009. Starting as a program management and consulting services company offering prepaid debit cards, the company has expanded internationally and added enhanced financial technology ("FinTech") capabilities to emerge as a global, full service payment platform solutions provider. GOHE provides next-generation, comprehensive payment solutions that can be fully-customized, integrated and implemented to replace legacy systems for virtually any domestic or international organization distributing currency worldwide.
The company's solutions enable global access to technology for optimizing cost-effective and efficient financial transactions for currency flow across the organization and throughout the world. GOHE solutions are customizable to meet the needs of current consumer, enterprise and governmental markets, enabling clients to protect, manage and move financial assets on a global basis.
In June 2018, Payment solutions company Global Payout, Inc. (GOHE) announced that MoneyTrac Technology, Inc. ("MTRAC"), of which Global Payout is a significant shareholder, has structured a reverse triangle merger agreement with Global Payout whereby MTRAC will be the post-merger operating entity.
The MTrac platform is a secure, closed-loop ecosystem, where customers can load currency in a one-to-one ratio for the purpose of engaging in commerce via digital payments. Point of sale transactions are recorded on a blockchain ledger, which provides business owners the ability to track sales and automate payment functions, such as payroll, vendors, and tax structure, while the tamper-free ‘record-keeping’ aspect of the ledger facilitates compliance for the business, its stakeholders, and regulatory agencies.
THE KEY TO CASHLESS POINT OF SALE The MTrac point of sale system (POS) allows merchants to process all tracking, reporting, and sales, which are necessary for efficient business management. The POS is compatible and easily integrated with other POS systems that can import with MS Excel. Most importantly, the POS is fully integrated with the MTrac merchant wallet for seamless payment processing.
Included in the system’s robust reporting features are the ability to:
Included in the system’s business management features are the ability to:
- Manage employees’ hours
Track and update inventory in real time
Perform sales audits
- Check-in customers
Process customer payment transactions
Process payroll with the click of a button
THE KEY TO CASHLESS INTEGRATION
The MTrac Kiosk acts as one of the easy customer gateways for participation in the MTrac ecosystem. A Kiosk can be installed at any retail store that wishes to move its business model towards a cashless payment platform.
Customers are able to load currency in a one-to-one ratio at an MTrac Kiosk, where their funds are secure on a reloadable MTrac card or on their MTrac mobile app. Loaded funds can then be used to transact with any merchant accepting MTrac as a preferred method of payment.
MTrac Mobile App
THE KEY TO HAPPY CUSTOMERS
The MTrac mobile app, or customer wallet, is compatible with iOS and Android devices. Once the app is installed, customers are able to load funds with a credit card, a linked bank account, or at an MTrac kiosk where cash can be loaded onto a wallet. Funds loaded on the wallet are available immediately for purchases at any location where MTrac is accepted as a form of payment.
The customer wallet includes an easy to use interface where customers can purchase goods and services by creating a QR code, or key, in specific amounts. A record of all transactions is stored in the customer wallet.
Additional wallets can be installed on the app, including those created when registering an MTrac card, and funds can move with ease between multiple wallets. Customers can also move funds from the wallet to a linked bank account or create eChecks and virtual cards to use the funds for purchases outside of the MTrac ecosystem.
THE KEY TO SMART DELIVERY
Our delivery management system allows merchants to build an online store with which to easily connect to a broader base of customers and create additional revenue streams. The delivery portal allows for integration with any merchant’s existing delivery systems and connects to the MTrac POS for inventory management, reporting, and cashless payment processing, in turn, creating peace of mind for drivers by removing cash from the equation.
The delivery software can be set to manual or automated dispatch management, giving business owners the option to confirm or reject orders and the ability to manually assign drivers, or they can choose to allow the system to work on its own. With built-in intelligence features, the MTrac delivery system is able to find and dispatch the right driver for the job based on order details, requested time of delivery, and geo-tracking mechanisms.