SAN DIEGO, Oct. 25, 2013 /PRNewswire/ -- Global Payout,
Inc. (OTC: GOHE) has signed an agreement with ImageWare Systems,
Inc. (OTCQB:IWSY) ("IWS"), the leader in cloud based multi-modal
biometric identity management solutions, whereby 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 the Fujitsu Cloud IaaS
Trusted Public S5 platform. 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," said, Jim Miller, CEO of ImageWare Sytems. "We are
pleased to work with Fujitsu to offer Global Payout clients
worldwide, 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 vice president of sales and 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 are to be delivered via
Fujitsu's global data center networks, with the Fujitsu platform
providing full configured, on-demand IT infrastructure for the
ImageWare CloudID SaaS.
"We are pleased to be able to provide authentication and
verification over the Fujitsu Cloud IaaS Trusted Public S5 platform
from ImageWare Systems to Global Payout customers around the
world," said David Berry, executive
vice president, infrastructure services, Fujitsu America. "Our
cloud platform addresses the needs of the enterprise, service
providers and consumers by enabling the deployment of a secure,
agile and reliable could-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 mobile and cloud-based
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.
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 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.
