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 t
|SOURCE Global Payout, Inc.|
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