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Vasayo Picks i-payout To Provide Global Payment Management Services

Fort Lauderdale, FL – May, 2017 – i-payout, a leading financial software company that facilitates global payouts and provides related payment management services, announced today that it has been retained by Vasayo – a 6 month old force in direct selling that is already looking like the next big thing in that space.

“One of the key factors in our selection of i-payout was their unique ability and willingness to customize their software solution to meet our needs. i-payout has helped get us off to a great start” said Fred Black, Vasayo’s Chief Operations Officer.

Eddie Gonzalez, President and C.E.O at i-payout spoke about the customizations Mr. Black was referring to. “We’re accustomed to making alterations to our platform integrations to meet the business needs of our clients. But Vasayo threw a new wrinkle at us – they needed to segregate brand partner accounts into segments defined by their earned commission levels. We made it happen and we also created reporting tools that enabled Vasayo to look at their distributors’ level of activity with macro and micro views. We like being problem solvers for our clients - many of them came to us for solutions that their previous partners couldn’t provide. Customization is our built-in competitive advantage” concluded Mr. Gonzalez.

Vasayo plans to compete and win in the popular direct selling space by offering better results through superior delivery. Whether it’s an innovative delivery system for products or the extra care invested in a successful customer experience, Vasayo has the art of delivery down to a science! For more on Vasayo visit www.vasayo.com or write to Fred Black at [email protected]

i-payout is enjoying a rapid expansion of its client roster and it traces to the adaptability of their software and the company’s willingness to customize their deliverables to clients’ needs. For more on i-payout visit www.i-payout.com or write to [email protected]
Independent Review Verifies i-payout’s Internal Controls and Processes

Fort Lauderdale, FL – April, 2017 – i-payout, a leading financial software company that facilitates global payouts via its highly adaptable platform, announced today that it has completed its SSAE 16 (SOC 1) Type II Audit. This attestation verifies that i-payout has the proper internal controls and processes in place to fully comply with governmental regulations and protocols in the service of its clients’ needs.

KirkpatrickPrice, a licensed CPA and PCI QSA firm, performed the audit and appropriate testing of i-payout’s controls. In accordance with SSAE 16 (Statements on Standards for Attestation Engagements), the SOC 1 Type II audit report includes i-payout’s description of controls as well as the detailed testing of its controls over a minimum six-month period.

“We place intense focus on data security, information privacy and compliance with regulatory protocols. In fact, the steps we take exceed industry standards.” noted Eddie Gonzalez, President and C.E.O. at i-payout. “We strive to protect all parties involved and know that our clients value our practice of going the extra mile to help ensure that key regulations that govern our clients are met. This latest SOC 1attestation is proof of that.”

Joseph Kirkpatrick, Managing Partner with KirkpatrickPrice commented, “ i-payout has implemented best practice controls to address information security and compliance risks. Our third-party opinion validates these controls and the tests we perform provide assurance regarding the managed solutions provided by i-payout.”

SOC 1 Type II is a reporting on the controls at a service organization that was established by the American Institute of Certified Public Accountants (AICPA). This report is in compliance with the SSAE 16 auditing standards which focus on the controls of a service organization that are relevant to an audit of a user entity’s financial statements. The standard demonstrates that an organization has adequate controls and processes in place. Federal regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley and the Health Insurance Portability and Accountability Act (HIPAA) require corporations to audit the internal controls of their suppliers, including those that provide technology services.

About i-payout

i-payout is an award-winning financial software company that provides world-wide payment solution to its clients, and with that: comprehensive reporting tools, white-labeled branding, escheatment and tax withholding services, cash flow control and more. The company, now in its 10th year, holds a unique position among its competitors – it is arguably unmatched in its ability to customize solutions and quickly integrate them to satisfy the individual needs of its rapidly growing client list.
www.i-payout.com

About KirkpatrickPrice
KirkpatrickPrice is a licensed CPA firm providing assurance services to over 550 clients in more than 48 states, Canada, Asia, and Europe performing assessments, audits, and tests that strengthen information security and internal controls. KirkpatrickPrice most commonly provides advice on SSAE 16, SOC 2, HIPAA, PCI DSS, ISO 27001, FISMA, and CFPB frameworks.
www.kirkpatrickprice.com.
Direct-selling startup gelmoment taps i-payout for global expansion
Digital Global Payments Industry Leader Helps Facilitate Growth and Efficiency For Startup

Ft. Lauderdale, Fla. (August 2015) — Beauty industry startup GelMoment partners with i-payoutTM, a leading digital global payments provider for direct-selling companies. Quebec-based GelMoment provides patented, high-quality one-step gel nail polish, which is the first of its kind in the market. The direct-selling company partnered with i-payout, enabling GelMoment to expand its global footprint within the first year.

"We are honored to partner with GelMoment and to support the company’s global expansion plans," said Eddie Gonzalez, president of i-payout. "i-payout is proud to facilitate growth for new companies that bring innovation to their markets." GelMoment launched in January 2015, and by the end of Q2, it had grown to 1,353 distributors across the United States and Canada. Currently, 70% of its independent distributors are located in Canada and 30% in the U.S. With a steady 200 distributors signing up per month, GelMoment continues to grow. Additionally, with its planned global expansion, the company says it will increase by 500% in the next 12 months.

GelMoment has reason for its optimistic outlook: It’s the only company to offer a patented one-step, quick-dry formula for gel nail polish.

GelMoment is slated to launch in Australia on Sept. 1, 2015, and currently, there are 155 independent distributors pre-signed up prior to the launch. To support the rapid expansion, GelMoment selected i-payout for its easy, cost-effective and secure digital payments solution that will facilitate commission payments to its distributors. "Our potential market is enormous, and we will continue to expand in other countries after the Australia launch," said Dov Grossnass, CEO of GelMoment. "i-payout had extremely fast implementation and worked exclusively around our needs. The transition has been smooth for our independent distributors. We are looking for ways to expand our presence in the U.S. and other countries, and with i-payout’s solid customer support team, we trust this will happen at the pace we envision."

With its global banking partnerships and knowledge of national regulations in over 140 countries, i-payout has the capabilities needed to make global business happen for GelMoment. i-payout will further provide a customized platform for GelMoment to create a seamless experience for its independent distributors. GelMoment will also save time and money during tax season, as i-payout will deliver the appropriate tax forms to each distributor. The result is that GelMoment and its distributors can better focus on growing the business.
For more information on GelMoment, visit www.gelmoment.com, and for more information on i-payout, visit www.i-payout.com.

i-payouts’s C.O.O. Natalia Yenatska Earns “Pros to Know” Award from Supply & Demand Chain Executive magazine

FORT LAUDERDALE, FL APRIL 08, 2015 — Leading digital global payment provider i-payout™ announced today that its COO Natalia Yenatska has been recognized as one of the 2015 Supply Chain Provider “Pros to Know” by Supply & Demand Chain Executive Magazine. The awards recognize supply chain executives who are successfully preparing their companies’ supply chain clients, or the supply chain community at large, for the challenges of today’s business climate.

Ms. Yenatska works closely with her clients to establish processes that leverage emerging digital technologies, enabling efficient and safe transactions. Leading financial operations and project management, she oversees all aspects of business operations and ensures that staff is well equipped to meet the diverse needs of clients. With years of industry experience, Ms. Natalia Yenatska is an industry expert, innovator and promoter of emerging digital payment technologies that drive supply chain efficiencies.

“The determination, expertise and innovative management Natalia brings to i-payout” make her an asset to our company and a deserving recipient of this award,” said Eddie Gonzalez, President of i-payout™.

Chosen from almost 400 applicants, Yenatska was recognized among other influencers and thought leaders in the industry. She and other award winners were announced online at http://www.SDCExec.com and are listed in the March 2015 issue of Supply & Demand Chain Executive.

About i-payout™

Established in 2007, i-payout™ is a leading financial software company that facilitates global payouts and provides related payment management services. The company’s platform and services make it possible for organizations and their members to make and receive payments anywhere in the world at any time, via multiple options, with ease and convenience. i-payout™ has focused expertise and capabilities to address the specific needs of business verticals, including Multi-Level Marketing, Direct Selling Associations, unions, and the legal industry.

For more information contact Mike House: [email protected]