SOURCE: Global Payout, Inc.
May 02, 2017 06:45 ET
Global Payout, Inc. Signs Letter of Intent with Industry Leader, Cagney Global Logistics, for The Use of The Global Payout Technology Platform
SAN DIEGO, CA--(Marketwired - May 2, 2017) - Global Payout, Inc. (OTC PINK: GOHE) (the "Company") is pleased to announce it has signed a Letter of Intent (LOI) with Cagney Global Logistics for the utilization of the Company's technology platform. The platform will be white labeled and implemented by Cagney to effectively streamline and optimize the delivery and payment component of the Final Mile for their Fortune 500 client base.
Cagney Global Logistics is a supply chain solutions provider that has been a leader in global logistics, warehousing, distribution, local delivery, residential delivery, storage, reverse logistics, less than truck load (LTL) and full truck load for more than 30 years. As a technological leader in the logistics industry that has continuously strived to enhance the efficiency of communication between suppliers, sourcing agents and drivers, we believe Cagney will utilize the Company's technology platform to further elevate this communication process. In addition, it is our understanding that they will introduce a payment platform for distributors that will completely streamline the process for receiving payments for completed deliveries.
"Cagney has been one of the premier leaders in the logistics industry for close to 30 years and has established a solid reputation for being at the forefront of implementing technological advancements that have maximized the entire logistics process for their customers and distributors. They truly recognize how Global Payout's technology platform can bolster these processes through virtually every stage of the logistics supply chain, and we are incredibly excited to be given an opportunity to provide them with a platform that may serve as an essential tool for helping them better-serve their customers and distributors," said Global Payout CEO, James Hancock.
Tom Cagney, CEO & Founder of Cagney Global Logistics asserted "that Global Payout's technology platform will include an extensive Application Programming Interface (API) suite that can be seamlessly integrated into existing applications such as settlement networks, and commercial back-office solutions. In addition, a mobile app will allow drivers to engage immediate payment processing and proof of delivery upon successful delivery. We believe our customers and delivery agents alike will love the resulting reduction in deliver time, ease of payments and efficiencies."
The Company continues to explore multiple avenues across different industries where it believes it can leverage its technology platform. This powerful platform can enhance financial processes for a variety companies involved in mobile banking, foreign exchange, payment processing, travel and logistics.
