News from the Wire

Global CashSpot names Pierre Sawaya as CEO

Wednesday, December 07, 2016 — 15:23:52 (EST)

Henderson, Nev., Dec. 7, 2016 -- Global CashSpot Corp has announced that its Board of Directors has named Pierre Sawaya as Chief Executive Officer effective immediately.

Mr. Sawaya is the founder and former Chairman of Endless One Global, an international Tier-1 payment processor and financial software developer that holds award-winning patents on security features and proprietary cross-border payment processing technology.

“There is no more qualified or experienced executive to lead Global CashSpot than Pierre Sawaya,” said Stephen M. Studdert, Global CashSpot Founder and Chairman. “Pierre is a proven leader and visionary when it comes to the evolution of money transfer networks around the world. His vision for transforming the multi-billion dollar consumer cross-border payments industry is extraordinary.”

“Global CashSpot is one of those rare companies that are uniquely positioned to capture significant market share by digitizing the multi-billion dollar global-cross-border payment industry and leveraging existing US retail distribution networks with our proprietary card-to-card-cross-border payment technology,” Mr. Sawaya said. “I am honored to become the CEO of Global CashSpot and look forward to launching our Global CashSpot proprietary card-to-card-cross-border payment network at thousands of select retail locations throughout the United States.”

Global CashSpot Corp is a financial technology company (FinTech) deploying a proprietary card-to-card-cross-border global payments network that enables more than 2 billion unbanked or self-banked consumers around the world, (80 million U.S.) to transfer money cross-border, in multiple currencies, real time, from any computer or mobile device from anywhere in the world using a Global CashSpot® MasterCard® branded prepaid debit card.

The Global CashSpot mobile platform is available for iOS (Apple), Android (Google), and (Microsoft) Windows. Safe Access For E-Commerce (SAFE™) authentication technology is approved by the World Bank, is PCI compliant, and one of the most secure platforms in the global payments industry.

The Global CashSpot® MasterCard® branded prepaid debit card will be accepted at more than 30 million merchants and over 1 million ATMs worldwide. CashSpot® and Global CashSpot® are registered trademarks of Global CashSpot Corp.

For additional information visit our website at www.globalcashspot.com or contact Stephen M. Studdert, Chairman, Global CashSpot at: 800-787-5439.

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Source: Company press release.