Business
Massive Update to Enhance and Improve Systems; MTrac Tech Corp. Launches MTrac 3.0
Massive Update to Enhance and Improve Systems; MTrac Tech Corp. Launches MTrac 3.0.
About this update from Psyc Corporation
[{"type":"text","content":"\n SAN DIEGO, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the company has launched a massive update to its blockchain powered payment platform, which includes the addition of new banking partners to provide a suite of enhancements to improve the merchant experience through added stability, reliability, and system integrity. Many companies have attempted to solve the cash problem in Cannabis, and they most certainly have all come to realize the complexities of navigating the financial and regulatory challenges in this constantly evolving industry. The Schedule 1 classification persists as the main deterrent to financial institutions providing its services to cannabis merchants. “We continue to attract key banking partners with our compliant and seamless solution as an industry leader in this innovative financial technology space,” said Mr. Kevin Curtis, MTrac Chief Strategy Officer. “These strategic updates to the MTrac platform are being done in order to further stabilize the platform and to continue serving our clients in this next growth phase we are embarking upon. The MTrac 3.0 launch is the culmination of key partnerships, significant market share, and our team’s focus on compliance, service, and stability.” “As these new bank networks are being injected, MTrac is also downsizing the equipment needed to process transactions on the merchant side, which will reduce hardware costs and deployment time to the merchant to enable faster adoption, onboarding, and an improved checkout process for the customer.” Said David Flores EVP, “These updates will also provide unlimited processing bandwidth and more secure transactions with EMV chip and pin debit features, which will allow for overall enhanced merchant and consumer experience.” About Global Payout, Inc. (OTC Pink:GOHE) Since the Company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions. From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and ...