MTrac Begins Point of Sale Integrations to Facilitate Mass Market Adoption
SAN DIEGO, Jan. 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. () (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce the release of its system’s API for the purpose of integration with some of the leading POS companies in the cannabis industry.
The MTrac team has engaged with several POS companies over the last few months to discuss integration initiatives. These companies, responsible for daily uploads of seed to sale tracking data into each state’s regulatory portal, will now be able to add card processing to their systems which would merge inventory management and payment processing into one solution. MTrac’s ability to integrate with industry leading POS companies will deliver further compliance and seamless transactions to dispensaries, improving all stakeholders’ comprehensive value positions.
“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,” said Jason LeBlanc, COO of MTrac Tech “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.”
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.
About MTrac Tech Corp.
MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Global Payout, Inc. MTrac is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTrac payment platform offering a full-service solution with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network disrupting the status quo. It is MTrac’s creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to CashlessTM.”
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Media Contacts:
Global Payout, Inc.
(702) 790-2511 Ext. 101
MTrac Tech Corp.
(702) 790-2511 Ext. 101
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