ZorroSign, Inc., a pioneer of real electronic signature and a patented document fraud and tampering detection system built on blockchain, today announced multiple advancements in the platform’s security and identity protocols and overall product enhancements. First, the platform will be passwordless, providing users the ability to use multi-factor authentication. Earlier this year, One Time Password (OTP) was enabled for basic two-factor authentication. Second, as a part of ZorroSign’s Identity as a Service (IDaaS) feature roll-out, as an additional security protocol, US based corporate customers will now be able to purchase a premium service that will allow for Knowledge Based Authentication (KBA) in order to validate a user. Third, users can now use advanced secure mobile biometrics to sign documents.
Currently, using a username and password is the main means for authenticating users. This protocol often leads people to use passwords that are simple, because when passwords get complicated users forget them. As a result, people use the same password or copy and paste passwords. This leads to security vulnerabilities. Passwordless environments provide total security without users having to remember complex passwords.
ZorroSign users can use the passwordless feature by scanning a QR code on the login screen. Once the QR code is scanned the mobile device will prompt for biometric verification. If the device doesn’t have biometric capability the user will receive a pin code via email or text. When authenticated the user will be logged in automatically, achieving a passwordless environment for increased security.
Users will have the option to turn on the passwordless feature using the ZorroSign mobile app.
“For ZorroSign, TRUST is everything. Security and privacy are the cornerstones of everything we do,” said Shamsh Hadi, Chief Executive Officer at ZorroSign. “The future of privacy and security is here. We are the first to provide our customers with the option to utilize the most advanced security and privacy protocols, which is not a focus area of our competitive landscape. This reinforces our commitment to providing the most advanced, secure, accessible, privacy focused, electronic and digital signature platform on the market, while maintaining our own digital certificates placed on the blockchain at a competitive price.”
The ZorroSign advanced Digital Business Platform uses Digital Transaction Management principals to streamline end-to-end digital transactions. ZorroSign’s real (patented) Electronic Signature technology is not just an image of a signature super-imposed on a document capturing only the “intent to sign.” ZorroSign users actually electronically or digitally sign a document.
Today marks the next step into the future for ZorroSign. Leading into the first half of 2020, ZorroSign will release a digital signature solution recognized by all global Certifying Authorities (CAs), which will use a cryptographic technique that helps secure the signed document and the data that is associated it. The principle of a digital signature is that of a validation, like notaries in the past. Digital signature is the online equivalent of a notary that can be verified electronically and instantly. ZorroSign’s impending digital signature solution will include digital security certificates that never expire.
Also, looking forward to the first quarter of 2020, ZorroSign’s Chief Technology Officer, Priyal Walpita, is focused on Identity as a Service (IDaaS) and working to release really exciting technologies specifically in the space of Artificial Intelligence (AI) and Machine Learning (ML). One of these include the ability to use ML in areas like identification, facial recognition and to recognize a true signature. Further, ZorroSign is working on partnerships that will permit users to use a technology product to sign and compare current signatures to previous signatures.
MTrac 2020 – An Improved Platform to Increase Compliance
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.
2020 Crypto World Summit “The Future of Security Tokens” to Address Latest Blockchain Developments with Leading Industry Experts
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).
Blockchain Wire is the official wire service for Crypto World Summit. Receive 40% discount. Enter promo code “blockchainwire” Register here.
+1 (415) 879-1500
BitPay Taps Simplex to Make BitPay App an All-In-One Solution
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.
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 email@example.com Dan Edelstein Simplex +972-545-464-238 firstname.lastname@example.org
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