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Halle Hutchison Joins Varo as Chief Brand Officer

Halle Hutchison, Chief Brand Officer, Varo Money, Inc.
Vlad Poptamas

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Mobile banking company Varo Money, Inc. announces the hire of Halle Hutchison as Chief Brand Officer, who brings 20 years of experience launching and developing some of the most renowned and innovative brands including AT&T, T-Mobile, Alaska Airlines, and Expedia. Most recently, she served as Vice President of Marketing for global dog care brand Rover. At Rover, Halle and team propelled the brand from an unknown start-up to a household name during a period of explosive customer growth and rapid geographic expansion for the company.

Halle now joins Varo on the verge of a similar stage of growth. In November, Varo announced a multi-year, multi-million dollar media partnership with iHeartMedia that will reach hundreds of iHeartMedia properties—ranging from radio to podcasts to live events. Varo will leverage this partnership to grow awareness of its mobile banking services and how the brand is making a meaningful difference in the lives of everyday Americans. More than 1 million people have opened accounts with Varo since it was made available in the App Store in July 2017.

“We are at a major inflection point with banking. Today, 40% of global customers do their banking digitally—but that percentage was only 28% in 2015,” said Colin Walsh, CEO and co-founder of Varo. “Halle’s deep experience with consumer brands will help make Varo the top-of-mind choice and an iconic brand as people increasingly move to digital.”

Prior to joining Varo, Halle worked on multiple award-winning advertising campaigns during her career including TIME Magazine’s Reader’s Choice #1 advertising campaign “Who’s in Your Fave Five?” as part of the T-Mobile’s NBA sponsorship featuring Charles Barkley and Dwyane Wade. Her emphasis on brand storytelling has helped propel these brands to national recognition with tens of millions of customers.

“Businesses sell products or services. Brands are about people, emotions, aspirations, and therefore stories. Stories are what connect us together, and they are a welcome shortcut to help us interpret the proliferation of facts and data we are exposed to everyday,” said Halle. “The stories that Varo customers share are real, heartwarming, powerful and persuasive.”

The fast-moving shift and adoption of digital into almost every aspect of our lives —whether that’s banking, communication, or shopping — doesn’t change our need for human connection, Halle added. The number of people listening to storytelling channels such as podcasts has jumped from 17 million in 2015 to 32 million a month in 2019.

“Bringing technology and innovation together to change people’s lives for the better is what drew me to Varo,” Halle said. “It’s time to redefine the American Dream for a new generation—a dream that is increasingly about the freedom to live one’s life exactly as one chooses, and that’s where Varo can help.”

Halle has also served on the advisory board for Spoonful; a start-up nutrition brand and is on the Board of Directors for Team Survivor Northwest, a non-profit that helps women cancer survivors.

Varo customers can save up to hundreds of dollars in bank and overdraft fees. Customers are also eligible to get paid two days faster** with direct deposit through the bank account’s Early Direct Deposit feature. They can also set up auto-savings features to build savings and earn up to 2.80% Annual Percentage Yield*** with no minimum balance requirement with a Varo Savings Account.

Varo is the first fintech company to receive preliminary approval from the Office of the Comptroller of the Currency (OCC) to open as the first mobile-first national bank.

Varo bank account services are provided by The Bancorp Bank; Member FDIC.

 

SOURCE Varo Money, Inc.

Fintech

MTrac 2020 – An Improved Platform to Increase Compliance

GlobeNewswire

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SAN DIEGO, Jan. 24, 2020 (GLOBE NEWSWIRE) — Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the beta phase of the system improvements to MTrac 2020 has been completed. The platform was augmented to accommodate the growing demands of the regulatory agencies that oversee the financial industry. The MTrac team plans to have all existing clients converted to the new system within 60 days and new clients to be boarded starting February 1st, 2020. MTrac is proud to maintain its front-runner position as a fully compliant, closed-loop payment service company.

The new platform will include a seamless wallet load feature with QR functionality for redemption. That is, a customer can come to a terminal, type in their phone number and quickly add funds to their wallet without having to go through a multi-step process. The user then gets a print out of a receipt that doubles as their redemption coupon for redeeming their wallet funds in exchange for product. With these updated compliance features, MTrac 2020 will allow more banks to join its network, which benefits MTrac clients by allowing them to use a wider variety of card types to load their wallet.

MTrac will continue to innovate and adapt its program to meet the demands of the market while assuring compliance with regulatory agencies and delivering a scalable solution to its clients.

About Global Payout, Inc. (OTC Pink:GOHE)

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 Cashless®.”

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are disclosed on the OTC Markets.com website.

Media Contacts:

Global Payout, Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com

MTrac Tech Corp. 
www.Mtractech.com 
(702) 790-2511 Ext. 101
ir@mtractechcorp.com

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2020 Crypto World Summit “The Future of Security Tokens” to Address Latest Blockchain Developments with Leading Industry Experts

GlobeNewswire

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New York, NY, Jan. 23, 2020 (GLOBE NEWSWIRE) — (via Blockchain Wire) Leading experts in the digital money sector will gather at the Crypto World Summit in New York on February 20, 2020 to discuss the latest developments in security token offerings and digital assets, amongst other rising blockchain and alternative financing topics.

The most current SEC laws, rules, regulations, and compliance will be addressed at this 4th International Conference and Workshop streamed live on Fintech World Media.

This premier event features speakers and attendees from a wide range of sectors, attracting a who’s who of the industry.  Other top discussions include: The Future of Bitcoin, The Digital Banking Industry, Blockchain and Real Estate, The ETF Cryptocurrency Market, DAO, Ethereum Investment, and Cannabis Banking Solutions. 

Additionally, a special workshop will give participants a step-by-step walkthrough for creating a security token and running a security token offering (STO).

Crypto World Summit will also offer private VIP networking opportunities. For speaking, sponsorship, tickets, and group discounts contact 2020Fintech at +1 (888) 580-6610 or www.2020fintech.com

Blockchain Wire is the official wire service for Crypto World Summit. Receive 40% discount. Enter promo code “blockchainwire” Register here.

Contact:
2020Fintech
+1 (415) 879-1500
info@2020fintech.com
2020Fintech.com

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BitPay Taps Simplex to Make BitPay App an All-In-One Solution

GlobeNewswire

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Atlanta, Jan. 23, 2020 (GLOBE NEWSWIRE) — BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced a partnership with Simplex, the best-in-class processor of fiat-to-crypto transactions, that gives BitPay app users the ability to buy Bitcoin and other supported cryptocurrencies directly in app with a credit card. Users can now buy cryptocurrency, transfer funds, make purchases, buy gift cards and pay friends around the world all from a single app.   

With the addition of Simplex’s credit card purchasing, BitPay aims to improve the overall user experience of the BitPay app. By eliminating the need to navigate a cryptocurrency exchange to fund payments, the company anticipates increased value to users, especially for new users unfamiliar with the space.

BitPay CEO and Co-Founder Stephen Pair said, “Cryptocurrency exchanges can be intimidating for new users. The Simplex integration, however, makes the blockchain payment experience seamless.” Pair added, “Whether converting fiat to crypto to make crypto payments, or converting crypto to fiat to pay with the BitPay card, the BitPay app is an all-in-one solution.”

“A real breakthrough in usability can only be achieved when the leading crypto payment app meets the leader in fiat infrastructure for crypto. We are proud to launch this partnership with BitPay and will work together to add more innovative solutions in the future,” added Nimrod Lehavi, Simplex founder and CEO.  

Simplex, an EU licensed fintech company, is the industry choice for providing fraud-free cryptocurrency purchases via credit card. They list among their many clients industry leaders such as Binance, Bithumb, Xapo and Changelly. Their processing services eliminate fraud and ensure regulatory compliance, in part, by using AI technology to analyze each transaction with proprietary machine-learning algorithms. The Tel Aviv-based company was founded in 2014.

About BitPay

Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency and fiat, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Visa® Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.

The BitPay Visa® Prepaid Card is issued by Metropolitan Commercial Bank, member FDIC, pursuant to a license from Visa, U.S.A. Inc. “Metropolitan” and “Metropolitan Commercial Bank” are registered trademarks of Metropolitan Commercial Bank © 2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule if any.

Jan Jahosky
BitPay
407-331-4699
jan@bitpay.com Dan Edelstein
Simplex
+972-545-464-238
pr@marketacross.com

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