Business
MTrac: Cashless Makes Communities Safer, One Merchant at a Time
MTrac: Cashless Makes Communities Safer, One Merchant at a Time.
About this update from Psyc Corporation
[{"type":"text","content":"\nSAN DIEGO, July 12, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that their wholly owned subsidiary MTrac Tech Corp. (“MTrac”), is launching operations in a new retail merchant location. The Jet Room is a licensed and compliant medicinal dispensary in Adelanto, CA. The payment platform will go live here on Friday, July 13th, where the MTrac team will be on hand to successfully implement the system, on-boarding both The Jet Room staff and its patients. The MTrac platform is allowing merchants to utilize a variety of our services offered, where they would otherwise be limited to cash only operations. The high volume of cash with which these businesses are forced to operate, continues to present significant security and liability issues for its stakeholders and the community at large. The MTrac platform is an end-to-end solution that not only provides access to take cash and make it available electronically, but also includes a robust merchant wallet where business owners can process accounting and business expenditures functions on a fully-reporting, transparent, and immutable ledger. For the thousands of licensed, legal cannabis merchants across the country that need (but have no access to) electronic payment options, the MTrac platform is an attractive solution that helps these businesses achieve this objective with the ability to digitally pay B2B invoices inside the MTrac ecosystem and issue eChecks outside of the system to pay for items, such as rent, payroll, and taxes. Since the Company’s initial San Diego launch two weeks, MTrac has experienced an influx of opportunities across Southern California, Nevada, and multiple states on the East Coast. While the MTrac system is an attractive offering for the legal cannabis industry, its application can be used in any business that wishes to go cashless for a variety of reasons, not the least of which includes the elimination of internal and external theft. For these reasons and tracking purposes, we feel that this is the direction which society at large is heading.   “My team and I are very excited for the opportunity to launch with The Jet Room, our second retail merchant, in Adelanto, which is striving to be a cannabis safe community. The ability to eliminate or reduce t...