SAN DIEGO, Oct. 23, 2013 /PRNewswire/ -- Global Payout, Inc. (OTC: GOHE), a leading provider of electronic payment and prepaid card solutions, has signed an agreement with ImageWare Systems, Inc. (OTCQB:IWSY) ("IWS"), the leader in cloud based multi-modal biometric identity management solutions. ImageWare will provide its patented GoCloudID™ Software as a Service (SaaS) platform, which will enable a fully-validated, feature-rich, security solution that will run on top of Fujitsu's Global Cloud Platform (FGCP). Global Payout and ImageWare will enable secure access services for users of Global Payout's Consolidated Payment Gateway.
The MoneyTrac Consolidated Payment Gateway (CPG) provides clients with both off-the-shelf and customized payment options through a worldwide payment solutions platform tied to banks, card associations and payment processors. Working through processors and banking relationships, the CPG provides a custom, one-stop solution for access and payments to international and domestic bank accounts, debit cards and other payment systems in more than 120 countries through desktop and mobile devices.
Multi-modal biometrics are being adopted by industries requiring limited access to restricted areas – such as in the transportation, utility, and governmental markets. The Financial services and banking industry has begun adopting the technology for use in the banking, payment processing, and eCommerce sectors. By including ImageWare Systems GoCloudID with ID document capture, and biometric authentication, Global Payout is delivering the next generation method to automate and verify the "know your customer"(KYC) process.
In 2012 the United States saw more than 12 million identity fraud victims at a dollar cost of $21 billion. In fact, an identity is stolen every three seconds. "Worldwide mobile payments are expected to become a $400 billion market by 2015. We are pleased to partner with Fujitsu to offer Global Payout clients world wide, with the additional level of, and the IT security industry's most reliable form of identity theft protection for accessing their gateway accounts through desktop and mobile devices."
"Our MoneyTrac Consolidated Payment Gateway platform enables our multinational business clients to efficiently make payouts to their employees, contractors, and affiliates through a single management console," says Bill Rochfort, President and Executive VP of Sales & Marketing, Global Payout. "Working with ImageWare Systems, our gateway solution can now offer a second level of access authentication to each individual's electronic wallet account, reinforcing the accurate identification of the end-user."
ImageWare's services will be delivered for a onetime enrollment fee per new customer and a monthly subscription fee basis that will vary per customer. Services will be delivered via Fujitsu's global data center networks, the FGCP providing fully configured, on-demand IT infrastructure for the ImageWare CloudID SaaS.
"We are pleased to provide authentication and verification over the Fujitsu Global Cloud Platform from ImageWare Systems to Global Payout customers around the world," said Joel O'Halloran, executive vice president of IT services and retail at Fujitsu America. "The Fujitsu Global Cloud Platform addresses the needs of the enterprise, service providers and consumers by enabling the deployment of a secure, agile and reliable cloud-based identity management solution."
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company and program manager offering companies electronic payment and prepaid card solutions. Global Payout has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses. Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions. The company provides for U.S. and international prepaid cards allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.
About ImageWare Systems, Inc.
ImageWare Systems, Inc. (OTCQB: IWSY) is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, ImageWare's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials, including national IDs, passports, driver's licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint livescan and investigative capabilities. ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., and Ottawa, Ontario. For more information on ImageWare Systems, Inc., visit www.iwsinc.com.
ImageWare's CloudID delivers revolutionary capabilities such as:
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
SOURCE Global Payout, Inc.