SAN DIEGO, CA / ACCESSWIRE / April 26, 2016 / Global Payout, Inc. (OTC Pink: GOHE), an emerging leader in international payment solutions, announced today a contract with ISBC Holdings Limited, the sole manager for International Sovereign Banking Corporation (ISBC), to provide project management advisory services and direct account provisioning systems. ISBC, as the international bank, plans to process certain inbound payments and make outbound payments available for its customers, accountholders and depositors worldwide from Globals processing platforms and issuing banks. ISBC will offer Global Payouts payment processing services including eWallets, digital currency management, gold and metal purchases and prepaid debit cards, for its accountholders and depositors worldwide. Global Payouts role as a Program Manager providing these services through multiple platforms to bank programs throughout the world will enable end-users of the ISBC to maximize an expanded offering suite of financial services. Additionally, operational costs for the ISBC will be reduced through integration of state-of-the-art FinTech applications and platforms.
In consideration for the use of Global Payout consulting services, project management services and its payment platform, ISBC shall pay to Global an initial implementation fee of $250,000 for each country. ISBC anticipates the first 100 countries will be implemented within 18 to 24 months from the commencement of the initial country networks.
"Having ISBC as a core business partner for Global Payout gives our clients maximum security and flexibility for their financial assets," said William Rochfort, President of Global Payout. "Through the ISBC private banking structure, our clients can execute critical transactions in multiple fiat currencies, digital currencies, and precious metals to significantly improve their operational effectiveness."
About
Global Payout, Inc.:
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a processor of payments fo
