Proactiveinvestors USA & Canada NetCents https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada NetCents RSS feed en Mon, 21 Jan 2019 08:42:59 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - NetCents kicks off formal application process to list on the OTCQB exchange ]]> https://ca.proactiveinvestors.com/companies/news/212808/netcents-kicks-off-formal-application-process-to-list-on-the-otcqb-exchange-212808.html NetCents Technology Inc (CSE:NC) announced Thursday that it has initiated the formal application process to trade on the OTC Markets' "QB" exchange.

The Vancouver-based online payment processor offers consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing blockchain technology.

The company is now listed on the Canadian Securities Exchange, the Frankfurt Stock Exchange and is hoping to trade soon in the Uunited States through the OTCQB venture market.

READ: NetCents says upgrade to robust cryptocurrency SaaS platform among 2018 advances

To be eligible, companies must be current in their reporting, undergo annual verification and certification and meet a $0.01 bid test.

"We have been planning to cross-list for quite a while but have been waiting until we established a footprint in the US,” said NetCents Technology founder and CEO Clayton Moore. “And now, with all of our signed US-based agreements along with the enhancements and platform functionality, the timing is now right for our formal entry into the US market," added Moore.

In the final quarter of 2018, NetCents reported a 206% increase in direct merchant sign-ups. In addition to the announced merchants, the company now boasts more than 425 direct merchant sign-ups, and the rate of sign-ups has increased each month.

NetCents has pushed back the release of its cryptocurrency credit card program in Canada to the spring of 2019 because of development work required for signed partner and merchant contracts.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

]]>
Thu, 17 Jan 2019 09:44:00 -0500 https://ca.proactiveinvestors.com/companies/news/212808/netcents-kicks-off-formal-application-process-to-list-on-the-otcqb-exchange-212808.html
<![CDATA[News - NetCents Technology adds two senior payment executives to advisory board ]]> https://ca.proactiveinvestors.com/companies/news/212618/netcents-technology-adds-two-senior-payment-executives-to-advisory-board-212618.html NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) on Tuesday announced it has added payment industry veterans Eric Turille and Don Sieb to its advisory board.

"Eric and Don's extensive experience in the payment industry is unparalleled and they are a welcome addition to the NetCents team," said NetCents Technology CEO Clayton Moore.

READ: NetCents to beta launch crypto credit card program

NetCents opened up applications this month for the initial phase of its upcoming cryptocurrency credit card program.

This beta program is open to Canadian residents who hold Bitcoin, Litecoin, Ether and Bitcoin Cash. Users will need to sign up for a NetCents user account at  https://net-cents.com/credit-card-beta to be eligible.

The NetCents card will be able to be used where Visa is accepted at over 40 million merchants. Once the program has been introduced in Canada, Net Cents will launch the credit card to European cryptocurrency holders.

"The knowledge and connections that Eric and Don bring to the table will allow us to continue to disrupt payments and bring us one step closer to becoming the underlying technology for cryptocurrency payments," said Moore.

Eric Turille, is a 30-year veteran formerly with the First National Bank of Omaha. His experience in card issuing, merchant acquiring, and operations, compliance, and distribution will strengthen the company's ability to roll out its upcoming credit card program.

"The NetCents business model, financial technology, infrastructure, compliance, and strategic integrations are ripe for merchant and consumer adoption. I am excited to join the NetCents Advisory board to execute strategic distribution, product delivery, and unique customer acquisition models," said Turille.

Don Sieb, a 30-year payment industry expert and former executive at Ingenico and VeriFone, also brings his banking, finance, and payment processing experience to the NetCents leadership team.

"NetCents is positioned to positively impact merchant adoption and behavioral changes necessary to become a transactional currency with confidence at any online, mobile or merchant location," said Sieb.

NetCents is an online payment processing platform, offering consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing blockchain technology.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

]]>
Tue, 15 Jan 2019 09:40:00 -0500 https://ca.proactiveinvestors.com/companies/news/212618/netcents-technology-adds-two-senior-payment-executives-to-advisory-board-212618.html
<![CDATA[News - NetCents to beta launch crypto credit card program ]]> https://ca.proactiveinvestors.com/companies/news/212351/netcents-to-beta-launch-crypto-credit-card-program-212351.html NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) on Thursday announced it has opened up applications for the initial phase of its upcoming cryptocurrency credit card program.

This beta program is open to Canadian residents that hold Bitcoin, Litecoin, Ether and Bitcoin Cash. Users will need to sign up for a NetCents user account at  https://net-cents.com/credit-card-beta to be eligible.

NetCents expects the beta period will last for four to eight weeks and upon its successful completion, the credit card program will be rolled out to all Canadian users.

READ: NetCents says upgrade to robust cryptocurrency SaaS platform among 2018 advances

The NetCents card will be able to be used where Visa is accepted at over 40 million merchants.

Once the program has been introduced in Canada, Net Cents will launch the credit card to European cryptocurrency holders.

Unlike other prepaid cryptocurrency cards, NetCents cardholders will not have to pre-load cryptocurrency onto their card, which eliminates the risk of the value of the cryptocurrency fluctuating between the time the user loads it and when they spend it.

READ: NetCents has been around the blockchain; gears up to disrupt the crypto payments industry

The NetCents card will be tied directly to users’ NetCents wallets, allowing cardholders to directly spend the cryptocurrency in their wallet.

Users will be able to select up to three cryptocurrencies that they would like to be able to spend on their card. Like most standard credit cards, the Net Cents card will have chips and magnetic stripes and require pins.

NetCents will be adapting its merchant Instant Settlement technology to convert funds from cryptocurrency to fiat currency for real-time purchasing and merchant payouts. This will allow users to spend their cryptocurrency anywhere Visa is accepted.

NetCents is an online payment processing platform, offering consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing blockchain technology.

NetCents shares traded 4% higher to hit C$0.80 in Thursday’s morning trading session.

 

Contact Ellen Kelleher at ellen@proactiveinvestors.com

]]>
Thu, 10 Jan 2019 10:42:00 -0500 https://ca.proactiveinvestors.com/companies/news/212351/netcents-to-beta-launch-crypto-credit-card-program-212351.html
<![CDATA[News - NetCents says upgrade to robust cryptocurrency SaaS platform among 2018 advances ]]> https://ca.proactiveinvestors.com/companies/news/212082/netcents-says-upgrade-to-robust-cryptocurrency-saas-platform-among-2018-advances-212082.html NetCents Technology Inc (CSE:NC) said Monday an upgrade to a robust cryptocurrency software as a service (SaaS) platform was among its milestones in 2018.

The Vancouver-based online payment processor said Monday in a press release that it also deployed iOS and Android merchant and user applications, implemented its instant settlements program and developed and deployed an asset management platform. Four new cryptocurrencies were added to its platform as well, cloud computing was integrated and its NC exchange was upgraded too.

"In 2018, the company was focused on laying the groundwork and building the foundation for future success, including signing key partnerships in the traditional payments space and building a best in breed platform," said Clayton Moore, founder and CEO, in a statement.

READ: NetCents has been around the blockchain; gears up to disrupt the crypto payments industry

In the final quarter of 2018, NetCents reported a 206% increase in direct merchant sign-ups. In addition to the announced merchants, the company now boasts more than 425 direct merchant sign-ups, and the rate  of sign-ups has increased each month.

In the last half of last year, NetCents forged a number of new partnerships and merchant agreements.

These tie-ups include an agreement with MindGeek as well as WealthShop, a chain of legal marijuana dispensaries. A five-year revenue-sharing agreement with High Risk Commerce LLC, meanwhile, will pave the way for the NetCents merchant gateway to be on offer to tens of thousands of online merchants processing billions of dollars in transactions, according to NetCents.

READ: NetCents says direct merchant cryptocurrency sign-ups more than tripled in past quarter

Other new pacts include a five-year revenue-sharing agreement with Post Socratic Ventures, which opens up access to 28 Caribbean countries as well as a five-year independent sales organization reseller agreement with Obanc, which caters to high risk and Las Vegas-based merchants.

On top of these moves, deals were worked out with SecureGlobalPay, a merchant service provider specializing in custom payment gateways, Kubera Payments, Sweet Bling, HubNet Media, LightHammer Consulting, which has a focus on the Canadian cannabis space andVerge Currency. Pacts with SoftPoint and  Bleu Pos, which have both integrated NetCents into their systems to allow thousands of merchants to accept cryptocurrency were also signed.

Separately, NetCents has pushed back the release of its cryptocurrency credit card program in Canada to the spring of 2019 because of development work required for signed partner and merchant contracts.

NetCents is an online payment processing platform, offering consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing blockchain technology.

NetCents shares added 10% to hit C$0.77 in Monday’s morning trading session.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

]]>
Mon, 07 Jan 2019 10:54:00 -0500 https://ca.proactiveinvestors.com/companies/news/212082/netcents-says-upgrade-to-robust-cryptocurrency-saas-platform-among-2018-advances-212082.html
<![CDATA[News - NetCents has been around the blockchain; gears up to disrupt the crypto payments industry ]]> https://ca.proactiveinvestors.com/companies/news/211687/netcents-has-been-around-the-blockchain-gears-up-to-disrupt-the-crypto-payments-industry-211687.html Bitcoin enthusiasts were celebrating the 10th birthday of the digital asset synonymous with cryptocurrency earlier this year. Creator Satoshi Nakamoto published a white paper online about peer-to-peer virtual currency back in 2008 and the rest is history. 

It’s been a volatile year for Bitcoin, but true-blue crypto enthusiasts are a loyal bunch and have hung on tight as the rollercoaster ride continues.  

READ: NetCents says direct merchant cryptocurrency sign-ups more than tripled in past quarter

The digital asset does have its fair share of naysayers from former Federal Reserve Chair Janet Yellen to JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon.

One of the loudest complaints about the crypto space is that digital assets aren’t really currency because they are difficult to spend. What good is a currency that the average person can’t use to buy something?

NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) heard the gripes loud and clear and rolled up its sleeves to develop a platform that would silence them once and for all. 

Solid foundation

CEO Clayton Moore, a 15-year veteran of the payments space, had just sold his company Cybux, a service industry-focused gift card platform, when he founded NetCents in 2006.   

“We were developing blockchain technology back when people didn’t really know yet what that was, or how it would change the weren’t even really aware of the term,” said Moore in an exclusive interview with Proactive Investors.

“We’re not one of these new companies that just popped out of the blue in this last big boom here to try to capitalize on this recent wave of interest in blockchain. We’ve been around for a while and have been through a few waves of growth in the space,” added Chief Revenue Officer Jenn Lowther.

Its user-friendly platform was designed to facilitate secure cryptocurrency transactions between merchants and consumers, making it as simple as possible for all parties involved. 

Merchants can accept fiat, credit card or cryptocurrency and process crypto-to-crypto or crypto-to-fiat settlements. 

NetCents describes its platform as “cryptocurrency agnostic” as its able to process any cryptocurrency.

The Vancouver-based company values the cryptocurrency payment processing market at $228 billion.

Secure transactions

The Federal Deposit Insurance Corporation was founded in 1933 during the Great Depression, designed to restore economic stability and to regain consumers’ trust in the American banking system.

Consumers have come to expect that level of protection and have been quick to point out where digital assets are lacking in the security department.

NetCents is integrated into the Automated Clearing House, an e-network for financial transactions, and is registered as a Money Services Business with Financial Transactions and Reports Analysis Centre of Canada.

Merchants are protected from the notorious market volatility associated with cryptocurrency through NetCents’ proprietary Instant Settlements process.

READ: NetCents releases its first SaaS-based cryptocurrency payments processing platform

The sale price is guaranteed for merchants, locking in the crypto-to-fiat exchange rate at the time of the transaction and allowing for merchants to feel secure in accepting crypto whether online or in-store. 

Merchants also benefit from a low transaction fee, seeing savings between 3% to 9%, the company estimates.

On the flip side, consumers will soon have access to a cryptocurrency credit card that can be used anywhere Visa or MasterCard are accepted, giving them access to more than 40 million merchants.

The card, which is expected to roll out in 2019, acts similar to an eWallet, but consumers don’t store the coins on pre-loadable cards. Instead, the card is used to purchase crypto at market price.

Its designed to protect against volatility and can speed up the transfer time compared with slower, legacy methods like wire transfers.

Blockchain is not Bitcoin

Blockchain and Bitcoin are two of the buzziest words in the crypto space, but they’re not one in the same.

“The correlation should never be between Bitcoin and blockchain, or the companies that are developing the technology in the space. Bitcoin is one coin, one currency,” said Moore.

While the price of Bitcoin has fluctuated wildly, NetCents’ business has remained steady.

Despite the 2018 bear market, NetCents has seen its direct merchant sign-ups more than triple, reporting a 206% increase in its last quarter, totaling 387 sign-ups.

"We have an increasing number of companies, both partner and merchant, approaching us directly," said Moore.

"With the increase in merchant sign-ups, the addition of core partners in the payments space, and key platform upgrades, we are ready for our projected growth in merchants and revenue," he added.

Going forward
“The real tech community is going gangbusters right now over blockchain technologies and cryptocurrencies to develop technology to make it easier, quicker, faster and better. The next wave, whenever that may come, will eclipse this last one,” said co-founder Fraser Macdougall.

In anticipation of continued growth, NetCents recently launched its SaaS-based platform for merchants looking to add cryptocurrency processing to their platform.

NetCents plans to integrate merchant support for 60 countries and payout merchants in more than 30 fiat currencies.

Gaming and wagering companies have been especially receptive to the NetCents’ technology.

NetCents has inked deals with several such companies, including WildBunch Gaming and HubNet Media, which manages trading sites that cater to retail traders.

Looking ahead, NetCents is aiming to gain ground in eSports spaces and online travel companies.

--Lenore Fedow contributed to this report

]]>
Fri, 21 Dec 2018 11:31:00 -0500 https://ca.proactiveinvestors.com/companies/news/211687/netcents-has-been-around-the-blockchain-gears-up-to-disrupt-the-crypto-payments-industry-211687.html
<![CDATA[News - NetCents says direct merchant cryptocurrency sign-ups more than tripled in past quarter ]]> https://ca.proactiveinvestors.com/companies/news/210508/netcents-says-direct-merchant-cryptocurrency-sign-ups-more-than-tripled-in-past-quarter-210508.html Blockchain-focused online payment processor NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said Tuesday that direct merchant signups more than tripled in the past quarter.

In addition to merchant partners, there are now 387 direct merchant sign-ups, the Vancouver-based company said in a press release. 

READ: NetCents releases its first SaaS-based cryptocurrency payments processing platform

NetCents added that sign-ups have accelerated each month and that it expects quarterly growth of as much as 500% in direct and partner merchant sign-ups in the year ahead.

"It's great to see all of our hard work starting to coalesce," CEO Clayton Moore said in a statement. "We have spent the last year laying the groundwork to become the underlying technology to drive cryptocurrency payments, and it is starting to take off."

Since launching its partnership program in August, the company has announced eight major partners. Under these partnerships, the company has direct access to hundreds of thousands of merchants that these partners currently have in their portfolios.

Cryptocurrency platform grows

The company added that it has begun adding the merchants to the NetCents platform and that the merchants are now accepting cryptocurrency.

Earlier this week, NetCents said it had released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.

Shares of NetCents slipped C$0.01 to C$1 in Tuesday’s Canadian trading.



Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

]]>
Tue, 04 Dec 2018 10:35:00 -0500 https://ca.proactiveinvestors.com/companies/news/210508/netcents-says-direct-merchant-cryptocurrency-sign-ups-more-than-tripled-in-past-quarter-210508.html
<![CDATA[News - NetCents releases its first SaaS-based cryptocurrency payments processing platform ]]> https://ca.proactiveinvestors.com/companies/news/210414/netcents-releases-its-first-saas-based-cryptocurrency-payments-processing-platform-210414.html Blockchain-focused online payment processor NetCents Technology Inc (CNSX:NC) (OTCMKTS:NTTCF) said Monday that it has released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.

The Vancouver-based company said in a press release that the SaaS platform is designed to be a turnkey approach to starting or adding cryptocurrency processing to a platform or portfolio. The versatility and flexibility of the system allows easy branding, onboarding and integration, according to NetCents.

READ: NetCents' technology gets a boost as it enters reseller deal with Kubera Payments

"We knew that we needed to partner with key players in the payments space and work together to bring crypto payments from a vision of the future to a reality and make it easier for consumers to spend crypto," CEO Clayton Moore said in a statement. "With our upgraded platform, we are now poised to be able to rapidly onboard these new partners and their merchants, bringing us one step closer to our goal of becoming the technology that powers cryptocurrency payments worldwide."

NetCents added that it has developed four application programming interface (API) documents for ease of integration with merchants and partners as well as point-of-sale and terminal environments.

Last month the company struck a reseller agreement with Vancouver-based Kubera Payments for its cryptocurrency merchant gateway.

Shares of NetCents climbed C$0.01 to C$0.96 in Monday’s Canadian trading.



Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

]]>
Mon, 03 Dec 2018 10:25:00 -0500 https://ca.proactiveinvestors.com/companies/news/210414/netcents-releases-its-first-saas-based-cryptocurrency-payments-processing-platform-210414.html
<![CDATA[News - CryptoCann™ Report: Statistics Canada turns to toilet for cannabis use data; NetCents releases SaaS-based platform ]]> https://ca.proactiveinvestors.com/companies/news/210417/cryptocann-report-statistics-canada-turns-to-toilet-for-cannabis-use-data-netcents-releases-saas-based-platform-210417.html On Monday, Blockchain-focused online payment processor NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said it released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.

Shares perked up 2.1% to C$0.97.

READ: NetCents releases its first SaaS-based cryptocurrency payments processing platform

In other news, Group of 20 country leaders have called for an international cryptocurrency taxation.

The decision was reached at the G20 leaders’ summit held Dec. 1 in Argentina. The regulations will be in line with the Financial Action Task Force (FATF) recommendations.

A joint press statement said: “We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system; and, through continued regulatory and supervisory cooperation, address fragmentation.”

November has been an unusually tough month for crypto markets, with its sharpest single-month decline in around four years. It is estimated that US$70 billion, or one-third of the market, was wiped out in November, which plunged all altcoins to their lowest levels in well over a year.

Ian King, senior analyst at Banyan Hill Publishing, spoke to Proactive Investors recently about the current state of the cryptocurrency market.

WATCH: Banyan Hill Publishings' Ian King explains the sell-off in crypto this week

King says the sell-off began when Bitcoin Cash made a software update, and the largest miner of bitcoin then shifted its capacity to Bitcoin Cash, causing mining to drop for the first time in two years. 

 

The Cann Report

To thine own toilet, be true.

Instead of using the phone, Canada’s statistics department, Statistics Canada, turned to the toilet to get information about cannabis users.

From March through August of 2018, Stats Canada analyzed the wastewater of five cities: Halifax, Montreal, Vancouver, Edmonton and Toronto. It tested sewage samples to detect amounts of THC-COOH, a metabolite produced by people after they consume cannabis' psychoactive compound,THC.

READ: Asterion Cannabis builds economies of scale for competitive advantage

The new data suggest Halifax has the highest rate of cannabis consumption per capita among five urban centres across the country.

In other news, Tetra Bio-Pharma Inc (CVE:TBP) has won financing from its partner and fellow Canadian cannabis company Aphria (TSE:APHA) (NYSE:APHA) and closed a private share placement drawing in proceeds of C$7.1 million.

According to Aphria, the investment will allow Tetra to ratchet up its drug development activities over the coming months.


Contact Katie Lewis at katie@proactiveinvestors.com

]]>
Mon, 03 Dec 2018 09:57:00 -0500 https://ca.proactiveinvestors.com/companies/news/210417/cryptocann-report-statistics-canada-turns-to-toilet-for-cannabis-use-data-netcents-releases-saas-based-platform-210417.html
<![CDATA[News - NetCents strikes new reseller agreement for cryptocurrency platform with Obanc ]]> https://ca.proactiveinvestors.com/companies/news/210156/netcents-strikes-new-reseller-agreement-for-cryptocurrency-platform-with-obanc-210156.html The online payments processor NetCents Technology Inc (CSE:NC) has struck a five-year reseller agreement with Obanc, which will pave the way for more merchants to use its cryptocurrency platform.

Under the deal’s terms, Obanc, a Florida-based payments consulting firm, will resell the NetCents cryptocurrency merchant gateway to its network of merchants. NetCents, in turn, will earn a percentage on each cryptocurrency transaction, which is processed by Obanc’s clients.

READ: NetCents Technology completes cryptocurrency integration with restaurant-focused SoftPoint

“Obanc is pleased to partner with NetCents to introduce cryptocurrency payments to both new and existing e-commerce customers,” noted Wayne Orkin, president of Obanc.

Clayton Moore, CEO of NetCents, was similarly bullish on the partnership and remarked that the tie-up could crack the door open for other opportunities on top of cryptocurrency processing.

“In addition to providing cryptocurrency processing to their client base, Obanc has multiple touch points and provides their clients with more than payment processing, which could open the door for other opportunities,” Moore said in a statement.

NetCents is an online payment processor that specializes in capturing the migration from cash to digital currency by using blockchain technology.

Headquartered in Vancouver, the company, which is best-known for its cryptocurrency payments infrastructure, offers a platform that allows clients and merchants to manage electronic payments through an array of devices and currencies.

NetCents shares traded 4.4% higher to hit C$0.94 in Wednesday’s afternoon trading session.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

]]>
Wed, 28 Nov 2018 14:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/210156/netcents-strikes-new-reseller-agreement-for-cryptocurrency-platform-with-obanc-210156.html
<![CDATA[News - NetCents wins reseller deal with SecureGlobalPay to market its cryptocurrency platform ]]> https://ca.proactiveinvestors.com/companies/news/210066/netcents-wins-reseller-deal-with-secureglobalpay-to-market-its-cryptocurrency-platform-210066.html NetCents Technology Inc (CSE:NC) has reached a five-year reseller agreement with SecureGlobalPay that will pave the way for more merchants to use its cryptocurrency platform.

Via this agreement, SecureGlobalPay will promote and sell the NetCents Cryptocurrency Merchant gateway to its merchant network, which means it will be possible for thousands of merchants to accept cryptocurrency.

SecureGlobal Pay says multiple merchants have already onboarded or are in the onboarding process to acquire the NetCents cryptocurrency system thanks to its marketing efforts.

READ: NetCents Technology completes cryptocurrency integration with restaurant-focused SoftPoint

“Adding cryptocurrency was a natural progression for us,” a SecureGlobalPay official said in a statement. “We believe in maintaining strong working relationships with all of our merchants and continue to bring them the best and innovative payment solutions in the market.”

SecureGlobalPay provides merchants with services such as offshore and nationwide credit and debit-card processing, clearing and settlement, electronic cheque processing and now cryptocurrency payments.

NetCents, meanwhile, is an online payment processor that specializes in capturing the migration from cash to digital currency by using blockchain technology. NetCents works with its financial partners, mobile operators and exchanges to streamline the user experience of transacting online.

Shares of NetCents fell 3.3% to hit C$0.87 in Tuesday’s afternoon trading session.

 

Contact Ellen Kelleher at ellen@proactiveinvestors.com

]]>
Tue, 27 Nov 2018 14:30:00 -0500 https://ca.proactiveinvestors.com/companies/news/210066/netcents-wins-reseller-deal-with-secureglobalpay-to-market-its-cryptocurrency-platform-210066.html
<![CDATA[News - NetCents Technology hires two communications firms for media services ]]> https://ca.proactiveinvestors.com/companies/news/209959/netcents-technology-hires-two-communications-firms-for-media-services-209959.html Online payment processor NetCents Technology Inc (CNSX:NC) (OTCMKTS:NTTCF) has hired Market IQ Media Group Inc and Axe Communications Inc to provide media consulting, digital media campaigns and multimedia services.

NetCents said in a press release Friday that it will pay Victoria, British Columbia-based Market IQ monthly fees of C$35,000 in cash plus applicable taxes or 25,000 common shares of the company.

It will pay Gloucester, Ontario-based Axe C$15,000 in cash plus applicable taxes or 10,714 common shares. The agreements will span 12 months beginning November 1, and the stock will have a deemed price of C$1.40 per common share.

READ: NetCents Technology plans to expand merchant online payment processing to 60 countries

Vancouver-based NetCents added that it has chosen to pay Market IQ and Axe in the form of shares for the month of November. Neither Market IQ nor Axe currently has any common shares or any direct or indirect interests in NetCents, according to the company.

The consulting agreements are subject to approval by the Canadian Securities Exchange.

Shares of NetCents were unchanged at C$0.93 in Friday’s Canadian trading.

NetCents focuses on using blockchain to capitalize on the migration to digital currency from cash. It said last week that it plans to expand merchant online payment processing to 60 countries.


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

]]>
Mon, 26 Nov 2018 11:05:00 -0500 https://ca.proactiveinvestors.com/companies/news/209959/netcents-technology-hires-two-communications-firms-for-media-services-209959.html
<![CDATA[Media files - NetCents Technology disrupting cryptoworld and soon to have technology in 60 countries ]]> https://ca.proactiveinvestors.com/companies/stocktube/11293/netcents-technology-disrupting-cryptoworld-and-soon-to-have-technology-in-60-countries-11293.html Fri, 23 Nov 2018 12:00:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11293/netcents-technology-disrupting-cryptoworld-and-soon-to-have-technology-in-60-countries-11293.html <![CDATA[News - NetCents Technology plans to expand merchant online payment processing to 60 countries ]]> https://ca.proactiveinvestors.com/companies/news/209709/netcents-technology-plans-to-expand-merchant-online-payment-processing-to-60-countries-209709.html Online payment processor NetCents Technology Inc said Wednesday that it plans to expand its merchant reach to more than 60 countries and support payouts in over 30 currencies.

The Vancouver-based company said that it will be able to provide cryptocurrency payments to merchants in supported countries with settlements in local currencies. NetCents focuses on using blockchain technology to capitalize on the migration to digital currency from cash.

READ: NetCents' technology gets a boost as it enters reseller deal with Kubera Payments

"Our new partnerships and merchant marketing campaign are generating inquiries from outside North America,” NetCents CEO Clayton Moore said in a statement.

“The need to provide support to those countries is critical to the company's strategic expansion.”

Supported countries or regions include North America, England, the Caribbean, South America, Australia, China, the European Union, Hong Kong, India, Indonesia, Japan, Malaysia, South Africa, Thailand, the Philippines, Turkey and Vietnam.

Shares of NetCents were unchanged at C$0.98 in midafternoon trading in Canada on Wednesday.

Last week NetCents said it struck a reseller agreement with Vancouver-based Kubera Payments related to its cryptocurrency merchant gateway.


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

]]>
Wed, 21 Nov 2018 15:03:00 -0500 https://ca.proactiveinvestors.com/companies/news/209709/netcents-technology-plans-to-expand-merchant-online-payment-processing-to-60-countries-209709.html
<![CDATA[News - NetCents Technology cites recent licensing deal as proof of strong demand for crypto-based payment solutions ]]> https://ca.proactiveinvestors.com/companies/news/209485/netcents-technology-cites-recent-licensing-deal-as-proof-of-strong-demand-for-crypto-based-payment-solutions-209485.html Payment processor NetCents Technology Inc (CSE:NC) recently inked a five-year enterprise licensing deal for its technology with High Risk Commerce LLC. 

As the onboarding process begins, High Risk Commerce has promoted NetCents’ enterprise solution to its Independent Sales Organizations and partners.

READ: Payment processor NetCents Technology enters into settlement with Equities Media

“The rate of acceptance by merchants in High Risk Commerce's current merchant base demonstrates the demand for cryptocurrency based payment solutions,” said NetCents CEO Clayton Moore in the company’s press release.

NetCents recently inked a reseller agreement with Kubera payments for its cryptocurrency merchant gateway.

Shares of the Vancouver-based company were down slightly to C$1.04 by Friday’s closing bell.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

]]>
Mon, 19 Nov 2018 09:35:00 -0500 https://ca.proactiveinvestors.com/companies/news/209485/netcents-technology-cites-recent-licensing-deal-as-proof-of-strong-demand-for-crypto-based-payment-solutions-209485.html
<![CDATA[News - Payment processor NetCents Technology enters into settlement with Equities Media ]]> https://ca.proactiveinvestors.com/companies/news/209222/payment-processor-netcents-technology-enters-into-settlement-with-equities-media-209222.html NetCents Technology Inc (CSE:NC, OTCMKTS:NTTCF) has entered into a settlement agreement with Equities Media Inc.

The online payments processing company issued a total 135,552 common shares and 135,552 warrants to Equities in exchange for the release of the claim.

READ: NetCents' technology gets a boost as it enters reseller deal with Kubera Payments

The settlement is subject to a hold period that will expire March 1, 2019.

NetCents inked a reseller agreement earlier this month, with Kubera payments for its cryptocurrency merchant gateway.

The company was recently nominated by the Digital Finance Institute for its “Blockchain Company of the Year” award.

The fourth annual Canadian FinTech & AI Awards will take place in Toronto on November 26.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

]]>
Wed, 14 Nov 2018 13:56:00 -0500 https://ca.proactiveinvestors.com/companies/news/209222/payment-processor-netcents-technology-enters-into-settlement-with-equities-media-209222.html
<![CDATA[News - NetCents' technology gets a boost as it enters reseller deal with Kubera Payments ]]> https://ca.proactiveinvestors.com/companies/news/209119/netcents-technology-gets-a-boost-as-it-enters-reseller-deal-with-kubera-payments-209119.html Online payments and blockchain specialist NetCents Technology Inc. (CSE:NC) said it had struck a reseller agreement with Vancouver-based Kubera Payments for its cryptocurrency merchant gateway.

NetCents is focused on buyers' migration from cash to digital currency by using blockchain technology to provide payment solutions that are simple to use.

READ: NetCents Technology completes cryptocurrency integration with restaurant-focused SoftPoint

On Tuesday, the company said it had entered into a five-year ISO (Independent Sales Organizations) reseller agreement with Kubera Payments (Kubera) and a reciprocal Kubera referral agreement.

Kubera will resell the company's gateway to their merchant network, which is focused on such sectors as tourism, hospitality, retail, and transport.

Kubera is a specialist in payments security, electronic funds transfer, technology development and payment processing.

"At Kubera, we strive to provide our clients access to the widest range of processing options and technology. As such, we're very proud to announce our new relationship with NetCents," said Chris Browes, CEO and co-founder, Kubera Payments.

"Executing reseller agreements with NetCents provides access to industry leading crypto processing capabilities for our clients.

"NetCents clients will also be able to access preferential pricing for complimentary services from Kubera including fiat merchant processing and PCI compliance consulting lead by our certified information systems auditors."

Last week, NetCents said it was “honoured” to be nominated by the Digital Finance Institute for its blockchain company of the year award.

More than 3,000 people from the banking, legal, finance, tech, startup and blockchain sectors are expected to attend the fourth annual Canadian FinTech & AI Awards on November 26 in Toronto.

Reporting by Giles Gwinnett

giles@proactiveinvestors.com, Twitter @Gile74

]]>
Tue, 13 Nov 2018 11:03:00 -0500 https://ca.proactiveinvestors.com/companies/news/209119/netcents-technology-gets-a-boost-as-it-enters-reseller-deal-with-kubera-payments-209119.html
<![CDATA[News - NetCents Technology draws nomination for blockchain company of year award ]]> https://ca.proactiveinvestors.com/companies/news/208855/netcents-technology-draws-nomination-for-blockchain-company-of-year-award-208855.html Online payments processor NetCents Technology Inc (CSE:NC) said Wednesday that it was “honoured” to be nominated by the Digital Finance Institute for its blockchain company of the year award.

More than 3,000 people from the banking, legal, finance, tech, startup and blockchain sectors are expected to attend the fourth annual Canadian FinTech & AI Awards on November 26 in Toronto.

READ: Coinbase exchange shakes up rules as it looks to boost cryptocurrency listings

“We’re honoured to receive this recognition and to be nominated for this prestigious award alongside such innovative companies, all of whom push the boundaries every day,” Clayton Moore, CEO at NetCents Technology, said.

Last month, NetCents said it had entered a joint agreement with cryptocurrency company Verge Currency. Under the agreement, NetCents will be a vendor for Verge, which will promote the NetCents platform through social media and marketing.

Shares of NetCents Technology climbed $0.02, or 1.6%, to $1.24 on Wednesday.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

]]>
Wed, 07 Nov 2018 09:00:00 -0500 https://ca.proactiveinvestors.com/companies/news/208855/netcents-technology-draws-nomination-for-blockchain-company-of-year-award-208855.html
<![CDATA[News - NetCents Technology completes cryptocurrency integration with restaurant-focused SoftPoint ]]> https://ca.proactiveinvestors.com/companies/news/208863/netcents-technology-completes-cryptocurrency-integration-with-restaurant-focused-softpoint-208863.html Online payments processor NetCents Technology Inc (CSE:NC) has completed its cyrptocurrency integration with SoftPoint LLC, which operates a management and payment system for restaurants, retailers, spas and ticketing.

The integration of NetCents into the SoftPoint platform makes it possible for thousands of merchants to accept cryptocurrency, NetCents said in a press release Tuesday.

READ: NetCents Technology draws nomination for blockchain company of year award

The companies are now working to promote the integration of merchants using SoftPoint as well as others. SoftPoint, based in Scottsdale, Arizona, predicts that it will serve more than 10,000 merchant locations by the end of 2019.

Last month, Vancouver-based NetCents said it entered a joint agreement with cryptocurrency company Verge Currency. Under the agreement, NetCents will be a vendor for Verge, which will promote the NetCents platform through social media and marketing.

Shares of NetCents Technology dropped $0.03 to $1.21 in Thursday’s trading on the Canadian Securities Exchange.

]]>
Tue, 06 Nov 2018 10:28:00 -0500 https://ca.proactiveinvestors.com/companies/news/208863/netcents-technology-completes-cryptocurrency-integration-with-restaurant-focused-softpoint-208863.html
<![CDATA[News - Netcents Technology expands footprint as it inks licensing deal with High Risk Commerce ]]> https://ca.proactiveinvestors.com/companies/news/208933/netcents-technology-expands-footprint-as-it-inks-licensing-deal-with-high-risk-commerce-208933.html Online payments and blockchain group NetCents Technology Inc. (CSE:NC) has struck a five-year enterprise licensing deal for its technology with High Risk Commerce LLC (HRC).

The white label deal means HRC will be making the company's merchant gateway available to hundreds of Independent Sales Organizations (ISOs) and partners that represent tens of thousands of online merchants, which process billions of dollars in revenue.

Expands NetCents' global footprint​

"Developing and supporting partnerships like High Risk Commerce is fundamental to NetCents and we couldn’t be happier to align with High Risk Commerce to expand NetCents global footprint,” said Clayton Moore, CEO of NetCents.

"This partnership further validates the market and will continue strengthening as we automate the on-boarding processes of merchants, partnerships and future developments, driving revenue and value within the payment industry supply chain."

]]>
Tue, 30 Oct 2018 09:25:00 -0400 https://ca.proactiveinvestors.com/companies/news/208933/netcents-technology-expands-footprint-as-it-inks-licensing-deal-with-high-risk-commerce-208933.html