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Digital Payment Platforms Offer Consumers a Faster and More Secure Way to PayNEW YORK, January 3, 2019 /PRNewswire/ -- Technology's appeal has reached the mainstream. Primarily, consumers tend to use mobile devices and computers. According to Pew Research Center, 95% of Americans own a cell phone of some kind, and of that percentage, 77% own a smartphone. The large abundance of mobile users has now led technology companies to develop applications that are easily accessible on those devices. Specifically, digital payment platforms have grown significantly with the increasing usage of mobile devices. According to data compiled by Stratistics MRC, the global digital payments market was valued at USD 34.65 Billion in 2017 and is expected to reach USD 168.65 Billion by 2026. Additionally, the market is projected to grow at a CAGR of 19.2% during the forecast period. Morphing consumer trends are reshaping the market as many consumers are demanding payment platforms that are convenient but also secure. The market is also expected to continue its growth with the increasing adoption of smartphones and e-commerce applications. GreenBox Pos LLC (OTC: GRBX), Global Payout, Inc. (OTC: GOHE), Overstock.com, Inc. (NASDAQ: OSTK), eBay Inc. (NASDAQ: EBAY), iQIYI, Inc. (NASDAQ: IQ) Digital payment platforms are rapidly expanding in industries where businesses offer goods or services to consumers. These platforms are increasingly being adopted because they are a much more secure and direct method of completing transactions, as opposed to physical monetary payments. Digital transactions help prevent fraud and physical damage, which has led governments to frame rules and regulations for consumers to adopt these digital payments. "Providing a frictionless customer experience used to be the key differentiator some years ago. Today, not offering the best customer experience is a competitive disadvantage. Shoppers expect faster check-out times and a fuss-free and secure payment process. In the world of retail, modern payment solutions are key to improving the customer experience," said David Lau, General Manager, Wirecard, Hong Kong, Macau & Taiwan. GreenBox Pos LLC (OTC: GRBX) last week was mentioned by Global Payout, Inc. in an update to shareholders by Chief Executive Officer, Ms. Vanessa Luna, "As 2018 comes to an end, I'd like to take this opportunity, on behalf of myself and the Company to provide our valued shareholders with clarity on a number of business endeavors and aspirations for the new year. My involvement with Global Payout since 2016 has always been, and continues to be, that of persistence, innovation, recognition of opportunities, and the cultivation of key partnerships. In my opinion, the time leading up to this moment was well spent on laying the ground work and building the infrastructure necessary to sustain what we can now expect to be prospective rapid growth and universal adoption of our payment system across a multitude of sectors. Early on I saw the potential in MoneyTrac Technology and began to focus my efforts on developing it as the core business initiative in a closed loop environment while focusing on the technology to create a sustainable payment platform. The true value of the Company came into focus at the beginning of this year when we signed an exclusive license with GreenBox POS (OTCQB: GRBX) to offer a truly unique payment solution to the mass market. In the midst of the progresses made at MTrac, and in the best interests of all the shareholders, MoneyTrac Technology completed a reverse triangular merger to create MTrac Tech Corporation, the surviving entity, with Global Payout now holding all the issued and outstanding shares of MTrac Tech Corporation (making it a wholly owned operating subsidiary and MoneyTrac Technology shareholders receiving Company shares). While focusing our efforts on generating revenue for MTrac Tech Corp., the Company has also been focused heavily on meeting several goals for the parent company, Global Payout. Since the merger and change in management, the focus has been to complete the necessary two-year financial audit in conjunction with our independent auditing firm Frucci and Associates which we accomplished late this year. We have retained Nicolas Cosia to complete our Form 10, which is in its final draft stages, and we have every intention of filing the Form-10 in the next few weeks. The filing of the Form-10 is a meticulous process that requires full and fair disclosure and for which there is no margin for error. We understand how anxious our shareholders are to see this filed, and our team has been working diligently through the audit to get us to this point, but I want to assure all of our shareholders that this is a process that we have handled with extreme care and precision and have not been able to properly estimate the time it would take, however, with the help of our counsel and strategic advisors, we are very close and anticipate the filing to occur within the first few weeks of the new year. Fully reporting status will be a major milestone for Global shareholders and we plan to showcase Global as a revenue generating entity with the potential that will be reflected in a fair market valuation, one which I personally believe is significantly undervalued today. We are looking to restructure the stock by addressing all outstanding shares to increase value for those true believers in what we are building here. This was never intended on being a short journey, as the real and successful ones take time, persistence, and hard work, and I'm so proud of our team for meeting the challenge and succeeding in the process of cleaning up our company structure, a thankless job that requires constant reassessment of issues that arise each step of the way through the comprehensive audit process. We have also worked with note holders on conversion of debt and look forward to the continued restructuring of Global Payout Inc. In 2019 we plan to utilize a license from our technology partner GreenBox POS, LLC (OTCQB: GRBX) for low-risk and high-risk payment processing with a number of merchants ready to go live in Q1. Global will continue to identify new industries and new business opportunities to bring this tech to market. Accompanying me and serving Global Payout will be COO/Interim CFO Mr. David Flores and Ms. Stormy Simon, a Director of the Board. The Company has seen several major business developments take place for MTrac Tech Corp.; we currently have a new 5yr "Exclusive" Licensing agreement with GreenBox POS, LLC (OTCQB: GRBX) and Cultivate Technologies. Since we set the new MTrac system live on October 2nd we have successfully onboarded and currently have over 30 Merchants utilizing MTrac. We have successfully produced revenue from our existing clients and although the numbers seem small as we ramp up our revenue has increased by about 1000% in Q4 in comparison to all of Q3. While we recognize that past performance does not predict future results, in management's opinion, we are well on our path to showcasing the true revenue potential of MTrac. Just this ear we have met with city municipalities, state representatives, government relations teams, local state Banks, City Police Departments, merchants, and consumers, all of whom have agreed that the system provides a comprehensive value proposition for many peripheral stakeholders with various benefits in the areas of compliance, public safety, reporting, convenience, and adaptability. As a strategic endeavor, we planned our initial roll out and proof of concept of MTrac in what is currently the most underserved industry in this market, the Cannabis industry. One of our core strategies thus far has been to include the valuable feedback of our clients for continued development into updating the system for our mutual benefit. We intend to offer the most adoptive and premier service to every aspect of this market including retail merchants, and vendors in the supply chain. Our ecosystem is a unique and now proven platform that is in our estimation being adopted by the largest companies in this industry. The potential for this system reaches into every sector of this market from sales, to regulation, to banking. We are in talks with some of the industry's leading POS companies for the purpose of integrating MTrac into their existing software, which would give us instant access to a wide swath of market share. Our government relations team, MGR2, LLC, has worked continuously in several east coast states at high legislative levels speaking with state representatives and local municipalities for consideration to approve and vouch for our system for the benefit of their licensed businesses, digital tax revenue, and regulatory controls. We will continue into 2019 to onboard merchants, complete direct integrations, work with state Banks, and States who are looking to adopt our system. For MTrac we intend to be moving forward with Mr. Jason LeBlanc, who was promoted to COO, and Mr. Aaron Adler as CRO, along with a team of dedicated employees, and our growing Las Vegas call center. We are proud and fortunate to have assembled an incredible team at MTrac who have spearheaded all of our expansion initiatives and delivering value to Global shareholders. As I look ahead to 2019, it is no secret that our primary focus is on continuing to drive revenue and on working to increase our market valuation in a very competitive and challenging marketplace. The excitement and overall optimism I have for the year ahead is palpable to say the least. My confidence for success is driven and reinforced in recognizing that both Global Payout and MTrac are led by a collective group of extremely talented and motivated professionals who will simply not rest until each and every objective we have set forth is achieved. So much of what we accomplished in 2018 has positioned us for an extraordinary 2019 and as such, I cannot help but to believe that Global Payout is truly a "hidden gem" in the OTC Markets, and is one that, in my opinion, has a very unique opportunity to become one of the most talked about breakthroughs of 2019. So please, hang in there and stay tuned for a remarkable year ahead!" Global Payout, Inc. (OTC: GOHE), from 2014 to 2017, focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. Global Payout recently announced the execution of a license agreement with GreenBox POS for its groundbreaking blockchain payment technology for use in a variety of business sectors. The Company's wholly owned subsidiary, MTrac Tech Corp., executed an exclusive licensing agreement with GreenBox POS for certain types of industries, and now Global will also be able to utilize their technology to provide payments to a whole host of other industries considered both low and high-risk by traditional merchant processors. "While the last year has been dedicated to the development and launch of MTrac, we have also been planning to expand the reach of Global Payout for some time," said Global Payout, Chief Executive Officer Vanessa Luna. "The extension of the license for Global Payout provides another revenue stream to the Company and offers us the opportunity to expand into other markets that lack consistent and reliable merchant processing. Further, I believe this relationship will offer the general public the ability to use the ledger technology of Blockchain in a salient way and can showcase how this technology can be use in a multitude of ways to solve many of the issues plaguing the financial services industry. The immutable ledger and tracking features allow unparalleled security and transparency that just isn't available through other payment platforms, and we are extremely excited to bring this system to the mass market. GreenBox is an amazing company and working alongside their executive management team to execute this agreement has been a real pleasure, we look forward to the new year, and accomplishing many great things with the license." Overstock.com, Inc. (NASDAQ: OSTK) is an online retailer and technology company based in Salt Lake City, Utah. Overstock.com, Inc. recently announced that, Medici Land Governance, its blockchain subsidiary focused on land administration, has signed a Memorandum of Understanding (MOU) with Teton County, Wyoming to develop a blockchain-based land records and information platform in 2019. Medici Land Governance (MLG) and Teton County will work together to develop and implement the software needed for the county, which includes the town of Jackson, to transfer and display information from its current land and property titling system to the new blockchain-based system. The new system will utilize MLG's technologies, policies, and programs to track, record, and make available to the public certain information related to real property for management purposes. Once in place, the system will also automatically capture and record subsequent land administration transactions and updates to the blockchain. "Our agreement with Teton County is another step toward a global economy where trust is generated through technology," said Patrick M. Byrne, Overstock.com's Chief Executive Officer and Founder. "I believe that our work in Wyoming will let us introduce blockchain-based land administration within the United States." eBay Inc. (NASDAQ: EBAY) recently announced its intent to intermediate, or manage, the payments flow on its platform to simplify the end-to-end experience for buyers and sellers. The company has begun managing payments on its Marketplace platform in the U.S. The goal of managed payments is to drive significant benefits and efficiencies for eBay's hundreds of millions of global customers. In the new managed payments experience, Sellers will benefit from a simplified pricing structure, more predictable access to their funds, and better visibility into sales and payouts. eBay will continue to expand managed payments to buyers and sellers over time and expects to have transitioned a majority of its Marketplace customers to its new payments experience in 2021. "The introduction of eBay's new payments experience in the US marks a significant milestone in our managed payments journey," said Steve Fisher, Senior Vice President of Payments at eBay. "In less than eight months since announcing our initiative, we've moved rapidly to build our back-end payments platform, engage thoughtfully with our seller community to solicit their input and line up new forms of payment - all of which has led to the introduction of managed payments. Looking ahead to 2019, we will expand our new experience to more buyers and sellers in the US and begin rolling out our new payments experience outside the US." iQIYI, Inc. (NASDAQ: IQ) is an innovative market-leading online entertainment service in China. iQIYI Inc. recently announced the launch of its "Change Plus" online wallet in partnership with aiBank. The announcement further illustrates iQIYI's continuous efforts to improve user experience for its members and explore new growth opportunities by creatively integrating entertainment and financial services. iQIYI's "Change Plus" online wallet allows users to enjoy new membership benefits. Users who deposit a certain amount of money on iQIYI can enjoy all of iQIYI's VIP membership services and can deposit or withdraw their money at any time they want. They will be able to enjoy the benefits of VIP membership for as long as they keep money saved on "Change Plus". aiBank, jointly established by China CITIC Bank and Baidu, is the first financial institution to partner with iQIYI's "Change Plus" online wallet. With DNA combining Internet and finance, the inclusive financial service platform benefits from an in-depth understanding of users and financial products, providing financial services such as payment and savings to iQIYI users. Liu Wenfeng, Chief Technology Officer of iQIYI, said: "iQIYI's analysis of big data provides accurate insights into the behavior and preferences of consumers, helping integrate finance services with our entertainment platform and expand our user base to include high-net-worth members." Subscribe Now! 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