New merchant processing and point of sale platforms have been introduced into the market at a rapid rate over the last few years. A recent industry report said: “Money and the idea of its exchange through payments have evolved a lot from the time of its inception… Over the last decade or so, payment technologies have grown at a dizzying pace… Payments are now evolving at a rapid pace with new providers, new platforms, and new payment tools launching on a near daily basis. This shift precipitates a need for retailers to adapt toward fast, simple and secure mobile payments… It’s predicted that by 2025, 75% of all transactions will be made without cash.” Cryptocurrency is one of those new methods. The same report added: “A cryptocurrency-based global payment solution would… work very differently from credit cards and other online transfers. Instead of the payment being authorized by the owner and then taken from the account by the recipient, the owner transfers the coins directly to the recipient – a “push” model, rather than an “authorize and pull” model. Cryptocurrency-based global payment solutions offer the possibility of vastly improving the speed and security of international payments while reducing transaction costs… To make the payment, of course, the owner must have enough coins in the wallet. Active Companies in the industry include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), Fiserv, Inc. (NASDAQ:FISV), PayPal Holdings, Inc. (NASDAQ: PYPL), Pareteum Corporation (NASDAQ: TEUM), Square, Inc. (NYSE: SQ).
Cryptocurrency payments work in much the same way as cash. The owner keeps their coins in a secure digital wallet to which only he/she has the “key” – a digital signature that only the owner knows. The wallet can receive payments without being opened, but to make a payment the owner must open the wallet with the key. To make things extra safe, some wallets have multiple keys: for example, a wallet might have three digital signatures, one held by the owner, a second held by a trusted third party and a third in offline (“cold”) storage. Making a B2B payment from one of these “multisig” wallets requires two or more keys, not just one. This is not unlike business checks that must be countersigned to be valid for payment.
NetCents Technology Inc. (CSE:NC) (OTCPK:NTTCF) (Frankfurt:26N) BREAKING NEWS: NetCents Technology s pleased to announce that it has completed its integration into the NetCents Merchant Gateway and has begun processing with Surge365 LLC (“Surge365”). NetCents will also be entering into a referral agreement with Surge365, following last month’s announcement.
With the integration of the NetCents Merchant Gateway into the Surge365 platform, Surge365 is able to accept and process international membership subscriptions and transactions in cryptocurrency and will work towards offering cryptocurrency as a payout option for company residuals and bonuses, ranging between $1,000 to $1 million dollars.
Surge365 is a direct sales company that gives members access to hundreds of thousands of hotels, resorts, cruises, and all-inclusive resorts around the globe and offers their members huge discounts to sell and offer their network. Surge365 offers training and memberships for individuals to build their own home-based businesses by providing members all the tools required to act as an individual travel agency with custom branded sales portals. Read this and more news for NetCents at: https://www.financialnewsmedia.com/news-nc/
Other recent developments in the tech industry include:
PayPal Holdings, Inc. (NASDAQ: PYPL) recently announced that it has joined Cambridge Blockchain, Inc’s Series A funding round. With this investment, the two companies will explore potential collaborations to leverage blockchain technology.
“Our service helps streamline digital identity compliance while giving customers control over their identity data,” said Matthew Commons, Cambridge Blockchain’s CEO. “We are honored by PayPal’s vote of confidence, and we look forward to their support and guidance.”
Square, Inc. (NYSE: SQ) recently announced a first-of-its-kind partnership with Levy Restaurants and the Washington Nationals. During the 2019 season, Caviar Pickup and the new Square Terminal will make it faster and easier for fans to order and pay for their favorite food and drink from their seat without missing a pitch.
Square has partnered with the Nationals to create a concession stand that offers the only skip-the-line, order-ahead experience in the ballpark, powered by Caviar Pickup. Fans who open the Caviar app from their seats will be able to order their concessions in advance – including beer and wine for fans 21 and over – and receive an alert when their food is ready to be picked up.
Fiserv, Inc. (NASDAQ: FISV) a leading global provider of financial services technology solutions, recently announced that one of the Mediterranean region’s most innovative banks, Hellenic Bank, is furthering its digital transformation strategy with the implementation of payments technology from Fiserv. The Dovetail Payments Platform from Fiserv will enable the bank to simplify its payments architecture, operate more efficiently and offer customers new and customized capabilities.
“Our diverse client base has a range of payment needs, and over time we have added a variety of payment systems to meet those needs,” said Phivos Leontiou, Chief Operating Officer, Hellenic Bank. “By moving to a centralized payments platform, we have been able to streamline our payments operations while offering the payment options customers expect. We’re also able to easily add capabilities, such as support for new real-time payment schemes.”
Pareteum Corporation (NASDAQ: TEUM) a rapidly growing global cloud software communications platform company with a mission to connect every person and every(thing)TM, recently announced it launched seven new customers into production during March 2019. This brings to 15 the total number of customers deployed into commercial service during the three months to March 31st, 2019. The announcement caps a first quarter during which Pareteum grew its 36-month Contractual Revenue Backlog (36MCRB) of signed sales agreements to a new total of $938 million.
Strong growth in new sales transactions reflects the recent strategic acquisitions of Artilium and iPass. These acquisitions have deepened Pareteum’s capabilities and created a rich seam of cross- and up-sell opportunities with existing customers, as well as significantly expanding the overall addressable market.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult =a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by NetCents Technology Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Cerebreon: Debt Support Startup Close £1.5m Seed Round to Help Save UK’s Most Vulnerable
Insolvency technology startup Cerebreon close final funds in £1.5m Seed round in a bid to scale support to the UK’s most vulnerable consumers to avoid bankruptcy.
Cerebreon is working with consumers, financial institutions and insolvency practitioners, to deploy their deep learning platform to help predict and prevent insolvency ahead of time.
Gillian Doyle, Cerebreon CEO, said, “Our mission is to support the most vulnerable people in society to help them to avoid insolvency. Unsecured personal debt was measured at £3.6Bn – with the COVID-19 outbreak UK families are taking on increasing levels of debt to survive.”
She went on to say, “By supplying data, debt insight and insolvency predictions to creditors as well as the insolvency industry, we can have a direct and positive effect on financial wellbeing and ultimately survival as a result of breaks in family incomes.”
The Irish startup were selected by Accenture’s Fintech Innovation Lab to take part in the highly competitive accelerator programme which has provided Cerebreon unrivalled access to key staff in the largest financial institutions.
Former BlackRock Managing Director, Scott Condron, commented, “Cerebreon has identified how digitization and data can be used to fundamentally alter the outcomes for debt distressed consumers, allowing more to emerge from insolvency and increasing recovery rates for creditors. Tech for good in action.”
The Donegal based tech firm have partnered with tech giant Microsoft to deliver the highest levels of security to protect sensitive personal data, using Microsoft Azure.
The £1.5m seed round was led by Delta Partners and supported by HBAN/private Angels, Western Development Commission, Consilience Ventures and Growing Capital who have invested in the Irish deep learning startup to boost go to market plans and product development as the financial crisis deepens in the UK.
Kevin Monserrat, Founding Partner at Consilience Ventures, commented, “The current financial crisis makes Cerebreon one of the most important and relevant tech platforms and we are proud to support the acceleration of their support to UK consumers in debt.”
Graph Blockchain Annouces Strategic Financial Advisory Agreement with Gravitas Securities
Toronto, Ontario–(Newsfile Corp. – March 24, 2020) – Graph Blockchain Inc. (CSE: GBLC) (“Graph” or “Company“) is pleased to announce it has executed on a financial advisory agreement with Gravitas Securities (GSI) to assess future business opportunities and develop a capital markets strategy as the Company’s financial strategic advisor, while the Company moves in to creating its blockchain supported e-Commerce marketplace for the booming psychedelic and ancillary sector.
GSI will assist the Company in closing its second tranche of the Company’s previously announced non-brokered private placement (2020-02-19) to raise up to $500,000. The company previously announced it’s first tranche close of $150,000 on 03/11/2020.
“We are pleased to enter into an Advisory Agreement with GSI,” announced Christian Scovenna, President & COO of the Company. “This announcement of having an investment bank like GSI solidifies GBLC’s commitment to spearhead the Company’s direction into the e-commerce psychedelics sector while creating shareholder value. GSI has demonstrated exemplary work with public companies with an affinity for growth via M&A proves significant value it can add. We are excited to have GSI assess future business opportunities and develop a capital markets strategy as our strategic financial advisor.”
Subject to the prior approval of CSE, the Company has agreed to pay GSI a retainer fee payable for services provided for each full Calendar Month for a period of twelve months. The payment shall be comprised of (subject to approval by the Canadian Securities Exchange (the “CSE”)) $15,000 (plus applicable tax) monthly payment in stock that will be invoiced annually in full, which will be paid in common shares at a deemed price per share equal to the greater of $0.05 or the minimum price per share permitted by the CSE at the time of issuance of such shares. Subject to CSE approval, these shares will be issued to GSI immediately. GSI may be paid a cash commission on any eligible subscriptions for potential private placement(s) within the stated (12) month advisory agreement. The Company will also, as soon as reasonably practicable following closing of the Transaction and subject to compliance with the stock option plan of the Company, shareholder approval of the stock option plan and the policies of the CSE, issue stock options (each, an “Option”) to GSI entitling GSI to purchase in the aggregate up to 2.5% of the total shares issued and outstanding in the Company. The exercise price and vesting provisions, if any, for these Options will be determined by the board of directors of the Company at the time of grant in the context of the stock option plan of the Company.
The Agreement, retainer fee and Option grant will be subject to such other approval, terms and conditions as would be typical for an agreement of this nature in the Canadian market. These conditions include:
(i) a condition respecting receipt of regulatory CSE (Canadian Securities Exchange) approvals;
(ii) a condition that no material adverse change affecting GSI has occurred;
(iii) a condition that all “shares for Service” adhere to IIROC and Regulatory trading and escrowed provisions.
About Gravitas Securities Inc.
Gravitas is known for sophisticated sector expertise, tactical individuals with a commitment to excellence, global integration and innovation, and as a leading independent wealth management and capital markets firm. Gravitas provides a wide range of investment mandates and services for retail and corporate clients globally from offices in Toronto, Vancouver, and Calgary, and is represented in the United States through its FINRA representative, Gravitas Capital International, in New York and San Francisco.
About Graph Blockchain Inc.
The Company develops leading-edge private blockchain business intelligence and data management solutions that it will implement into a blockchain supported e-commerce marketplace for the sale of psychedelic and ancillary products in legal jurisdictions.
Additional Information on the Company is available at: www.graphblockchain.com
For further information, please contact:
Govinda Butcher – CEO
Phone: (416) 522-6688
Christian Scovenna – President & COO
Phone: (416) 453-4708
Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53724
Announcing the Virtual Gathering of the European Tech professionals (#TCE2020VE)
The TECH Conference Europe 2020 Spring Edition becomes a hybrid conference.
We have some important updates about the upcoming TCE2020 Spring Edition.
Due to the many travel restrictions, we have decided to create a Virtual Conference which gathers Tech professionals to discuss the vital topics with which companies in Europe and around the world are dealing with.
The Virtual Conference will take place on the 9th of June and everyone is invited to join and hear how Mobility, EdTech, Artificial Intelligence, Blockchain, Fashiontech, and Fintech companies are embracing the current events and helping globally.
In order to secure your virtual seat, make sure to register here (no travel needed, you can attend from the comfort of your home or office)
PLEASE NOTE: If you are already a registered delegate of TCE Spring Edition, you don’t have to purchase a new ticket!
“As the world is sailing into uncharted waters, it is not likely that you will have the possibility to travel in the upcoming 3 months, so we are giving the chance for tech professionals, startups, investors to attend a full day of quality learning and networking from the comfort of their home” stated Zoltán Tűndik, Co-Founder and Head of Business at Hipther Agency.
The agenda of the conference has been updated and now addresses current affairs with panel discussions that revolve around the current topics which many tech industries are facing.
Among the topics of the conference, you will find discussions such as:
- Champions Of Mobility During Global Pandemic
- Fashiontech – Is The Fashion Sector Suffering Or Innovating?
- Global Consumer Sentiment During Pandemic And Boosting Essential Services
- Edtech Becomes An Essential Part Of Teaching And Providers Show Camaraderie
- Fintech, Blockchain And Fintech, Blockchain At The Forefront Of Fighting The Pandemic
More topics will be added to the agenda as the demand is high from tech companies. We are inviting all industry experts to nominate speakers here.
The speakers and moderators
Among the already confirmed speakers and moderators you can find: Jovita Gabnienė (Attorney at Law, Head of Litigation & Investigations Team at Ellex Valiunas), Stefania Barbaglio (Founder and Director at Cassiopeia Services), Erja Retzén (Senior Managing Director, Global Listing Services at Nasdaq), Filipa Neto (Innovation Principal at Farfetch), Kostandina Zafirovska (General Manager of IT Labs), Sukhi Jutla (COO & Co-founder at MarketOrders), Kamilė Kliukienė (Legal Counsel at Telia, Women Go Tech alumni), Jaka Repanšek (Media and TECH Law Expert), Rauno Parras (Director of parcel services at Itella Estonia), Marek Kopanicky (Consultant at Slovak Investment and Trade Development Agency), Gerard Martret (Co-Founder & CCO at Shotl), Vytautas Karalevičius (Co-founder at Bankera), Magith Noohukhan (Customer Engagement Evangelist at Braze), Dean Rakic (Chief Blockchain Officer at Blockcontrol Germany), Ricky Booker (Founder & CEO at Tradestreet), Slava Jefremov (CPO at Cointraffic), Vesa Perälä (CEO and Founder at Claned Group), Karim Coppola (Founder and Creative Director at VISORE LAB) and Alexander Belov (Co-Founder at Coinstelegram).
More speakers will be added along the way.
Sponsors and Partners
We are also happy to announce that IT Labs, the main sponsor of the conference has opted to support both virtual and live editions of the event.
For further inquiries about the peaking/attending/sponsoring options, make sure to send an e-mail to Andrada Bota (B2B Sales Executive at Hipther Agency).
Among the supporters of the conference, you will also find the Georgian Venture Capital Association as a strategic partner, and leading media outlets such as Coins Flare, Embassy of Blockchain, CoinPedia, TechEvents Online, AI Time Journal, Cassiopeia Services, iBlock.tv, TechieScoops, DigitalScounting.de and many more.
Visit www.virtualedition.techconferenc.eu for more details!
For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).
TECH Conference Europe (TCE) Spring Edition, BTech and NTech Awards
TCE Spring Edition will become TCE Summer and will be held on the 4th of August. More information about the topics and speakers will be announced at a later stage.
The online voting stage for BTech and NTech Awards 2020 has been stopped and will be reset in order to allow all participants to focus on different matters.
A new online voting stage will be started between 1 and 30 June. Further information will be released in the upcoming weeks.
Hipther Agency (organizers of TECH Conference Europe) press contacts:
Zoltan Tuendik, Head of Business
firstname.lastname@example.org, +40 735 559 234
Alex Marginean, Marketing Specialist
email@example.com, +40 731 394 220
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