Global Payout (OTC: GOHE) together with its wholly-owned subsidiary MTrac Tech Corp. this morning announced the release of its system’s API for the purpose of integration with some of the cannabis industry’s leading point of sale (“POS”) companies. Per the update, the MTrac team has engaged several POS companies to discuss integration initiatives over the last few months. Integration will enable these companies, responsible for daily uploads of seed to sale tracking data into each state’s regulatory portal, to add card processing to their systems, merging inventory management and payment processing into one solution. “Since our initial launch in October, we knew early on the value of getting our API ready for POS integrations, and we are thrilled to be taking the next steps toward making these integration initiatives a reality,” MTrac Tech COO Jason LeBlanc stated in the news release. “The value of integrations cannot be overstated. This is the moment when the paradigm shifts and together, with our future integration partners, we have an opportunity to bring legitimacy to the cannabis industry by offering solutions as a regulatory tool through enhanced transparency, security, and compliance.”
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About Global Payout, Inc.
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 other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors. For more information, visit the company’s website at www.GlobalPayout.com.
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