Proactiveinvestors USA & Canada NetCents https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada NetCents RSS feed en Thu, 18 Jul 2019 13:22:08 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - NetCents Technology closes its non-brokered C$2.5 million private placement ]]> https://ca.proactiveinvestors.com/companies/news/223299/netcents-technology-closes-its-non-brokered-c25-million-private-placement-223299.html NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) announced Wednesday that it has closed on a C$2.5 million non-brokered private placement following an overwhelming response from investors. 

NetCents Technology CEO Clayton Moore earlier said the company was raising the money to fund growth plans as the cryptocurrency market picks up steam.

The Vancouver-based company grew over 79% in May, nearly doubling its projected target, after seeing a 37% increase in April and a 44% increase in March.

READ: NetCents to raise C$2.5 million after beating growth targets during cryptocurrency revival

NetCents, an online payment processing platform and transactional hub for cryptocurrency payments, is benefitting from the resurgence of optimism surrounding cryptocurrency in recent weeks. Bitcoin, the leading cryptocurrency, ended was trading around US$11,351 on Wednesday after months of languishing around US$4,000.

Under the terms of the offering, the company is issuing 4,166,667 units for gross proceeds of C$2.5 million. Each unit consists of one share and one share purchase warrant priced at $0.70 with a three-year term.

The company said Friday in a statement that it is paying finder's fees to Echelon Wealth Partners on $200,000 of the gross proceeds. "Fees are 6% of $200,000 or, $12,000 with 6% warrants or 20,000 warrants," said the company.

Separately, NetCents installed Sonja Bakgaard as the company’s new investor relations manager. She brings over 10 years of experience with working with start-ups and large organizations in the blockchain, natural resources, finance and energy sector.

Throughout her career, Bakgaard has been responsible for driving investor relations, capital raises, project management, and business development as well as managing relationships with analysts, institutional fund managers, retail brokers, and high net worth investors.

"I look forward to growing with NetCents, a company that is leading the way in cryptocurrency payments" said Bakgaard in a statement.

—(Updates with finder's fees)—

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

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Wed, 03 Jul 2019 10:56:00 -0400 https://ca.proactiveinvestors.com/companies/news/223299/netcents-technology-closes-its-non-brokered-c25-million-private-placement-223299.html
<![CDATA[News - NetCents to raise C$2.5 million after beating growth targets during cryptocurrency revival ]]> https://ca.proactiveinvestors.com/companies/news/223221/netcents-to-raise-c25-million-after-beating-growth-targets-during-cryptocurrency-revival-223221.html NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) announced its plans to raise up to C$2.5 million to fund the company’s growth plans as the cryptocurrency market picks up steam.

The Vancouver-based company grew over 79% in May, nearly doubling its projected target, after seeing a 37% increase in April and a 44% increase in March.

NetCents, an online payment processing platform and transactional hub for cryptocurrency payments, is benefitting from the resurgence of optimism surrounding cryptocurrency in recent weeks. Bitcoin, the leading cryptocurrency, ended June around US$12,000 after months of languishing around US$4,000.

READ: NetCents Technology's processing volumes increased in March and April by double-digits

The new offering is intended to boost the company’s ability to sign new merchants and partner integrations, according to NetCents Technology CEO Clayton Moore.

"We're pleased to announce this financing as the crypto winter thaws along with this years' growth and success," said Moore. "Since February we've experienced over 40% month over month growth in total transactions. We have tripled our monthly processing volume and also tripled our total amount of merchants.”

Moore said that the recent release of second quarter financials does not yet reflect the growth, but the company expects it to be reflected in its third quarter financials.

Under the terms of the offering, the company will issue nearly 4.2 million units at a price of C$0.60 per unit for gross proceeds of C$2.5 million. Each unit consists of one common share and one warrant exercisable at C$0.70 for a 36-month period following the closing date.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 02 Jul 2019 10:11:00 -0400 https://ca.proactiveinvestors.com/companies/news/223221/netcents-to-raise-c25-million-after-beating-growth-targets-during-cryptocurrency-revival-223221.html
<![CDATA[News - NetCents ends the week up 35% as it beats projected growth target in May ]]> https://ca.proactiveinvestors.com/companies/news/221659/netcents-ends-the-week-up-35-as-it-beats-projected-growth-target-in-may-221659.html NetCents Technology Inc (CSE:NC) is seeing encouraging growth as a result of the decision to implement a new strategy, the cryptocurrency company said last week.

As part the decision to adopt a merchant direct sales strategy, the Vancouver-based company realized a 44% increase in March over February, a 37% increase in April over March, and set a goal of 42% in May over April, it said recently.

Investors sent NetCents shares soaring over 35% on Friday to end the week at C$0.77.

READ: NetCents Technology's processing volumes increased in March and April by double-digits

The actual month-over-month growth rate was 79%, nearly doubling the projected figure.

Excluding the recent figures from May, NetCents said it estimates it will exceed C$6.5 million in processing volume by January 2020 and anticipates surpassing C$2 million per month in processing volume in the first quarter of 2020.

In a note to shareholders, NetCents said that its decision to adopt a merchant direct sales strategy has brought on new partners, customers and a growth in processing volume that should impact revenue going forward.

New partnerships

With the launch of its Partnership Program, the Vancouver-based company has already achieved a number of milestones it had set out for itself, NetCents said in a statement.

The company said it signed on 25 new partners and are working with them to educate its merchants on the benefits of adopting cryptocurrency as a payment method.

NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

Over the past six months, the company has focused its business development efforts to launch and grow its partnership programs.

The company also said that it has added three new members to its business development team to bolster sales going forward.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thu, 06 Jun 2019 10:24:00 -0400 https://ca.proactiveinvestors.com/companies/news/221659/netcents-ends-the-week-up-35-as-it-beats-projected-growth-target-in-may-221659.html
<![CDATA[News - NetCents Technology's processing volumes increased in March and April by double-digits ]]> https://ca.proactiveinvestors.com/companies/news/219982/netcents-technology-s-processing-volumes-increased-in-march-and-april-by-double-digits-219982.html NetCents Technology Inc (OTCMKTS:NTTTCF) (CSE:NC) announced Thursday it has increased processing volumes in March and April, and expects the trend to continue through May.

The Vancouver-based company realized a 44% increase in March over February, a 37% increase in April over March, and is on track to boost processing by 42% in May over April, according to a statement.

Together, NetCents said that comes out to an average of 41% month-over-month increase in processing volume.

READ: NetCents Technology strikes deal to process cryptocurrency payments for ILO crypto

Based on current growth rates and projections, NetCents said it estimates it will exceed C$6.5 million in processing volume by January 2020 and anticipates surpassing C$2 million per month in processing volume in the first quarter of 2020.

NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

Over the past six months, the company has focused its business development efforts to launch and grow its partnership programs. The company said it is beginning to gain momentum with over 600 new direct merchants signed up in the last couple of months to use NetCents as their cryptocurrency payment processor.

As part of its development strategy, company representatives have been attending several key payments and cryptocurrency/blockchain conferences to connect with prospective clients.

"Now that the foundation is laid, onboarding has begun, and we continue to educate our partners, we are seeing an increase in the adoption rate of merchants and an increase in our transaction and volume and revenue," said CEO Clayton Moore.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Thu, 09 May 2019 08:27:00 -0400 https://ca.proactiveinvestors.com/companies/news/219982/netcents-technology-s-processing-volumes-increased-in-march-and-april-by-double-digits-219982.html
<![CDATA[Media files - NetCents Technology makes major improvements with Merchant Gateway 2.0 ]]> https://ca.proactiveinvestors.com/companies/stocktube/13183/netcents-technology-makes-major-improvements-with-merchant-gateway-20-13183.html Thu, 02 May 2019 06:22:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/13183/netcents-technology-makes-major-improvements-with-merchant-gateway-20-13183.html <![CDATA[News - NetCents begins initiative with HS Aware to provide free cryptocurrency transactions for non-profit partners ]]> https://ca.proactiveinvestors.com/companies/news/218854/netcents-begins-initiative-with-hs-aware-to-provide-free-cryptocurrency-transactions-for-non-profit-partners-218854.html NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) has started processing cryptocurrency transactions for its first charity partner, the company announced Thursday.

The new partnership is a result of the cryptocurrency maker’s pledge announced in March to provide registered charities and non-profit organisations with free cryptocurrency processing.

NetCents will provide registered charities and non-profits organisations with free cryptocurrency processing, and charities that enroll in the initiative are able to accept donations and sell merchandise without having to pay processing fees.

READ: NetCents Technology kicks off cryptocurrency processing with Surge365

HS Aware works with people living with hidradenitis suppurativa (HS), a chronic skin disease. It regularly lobbies government and medical associations, hosts events and provides an open and safe space for patients living with the condition, according to the non-profit organisation.

"HS Aware is excited to remain an innovator in the non-profit space by now accepting cryptocurrency donations to fund our future initiatives and events," said Maria Goguen, president of HS Aware in a statement.

"We've had a lot of interest to begin accepting donations in crypto to further support the HS community and now through this partnership, we are able to. We are thankful for any and all support members of the community want to give."

Vancouver-based NetCents is a transactional hub for cryptocurrency payments and allows businesses to integrate cryptocurrency processing into their payment models.

Shares of NetCents nudged up 1.11% to C$0.91 in Canada.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thu, 18 Apr 2019 08:20:00 -0400 https://ca.proactiveinvestors.com/companies/news/218854/netcents-begins-initiative-with-hs-aware-to-provide-free-cryptocurrency-transactions-for-non-profit-partners-218854.html
<![CDATA[News - NetCents Technology kicks off cryptocurrency processing with Surge365 ]]> https://ca.proactiveinvestors.com/companies/news/218345/netcents-technology-kicks-off-cryptocurrency-processing-with-surge365-218345.html NetCents Technology (OTCMKTS:NTTCF) (CSE:NC) said Wednesday that the direct sales company Surge365 has been integrated into its Merchant gateway.

Thanks to the new tie-up, Surge365 will be able to accept and process its international membership subscriptions and transactions in cryptocurrency.

Surge365 is a direct sales company headquarted in Glen Carbon, Illinois, that gives its members access to hundreds of thousands of hotels, resorts, cruises, and all-inclusive resorts.

READ: NetCents launches Crypto Banking Stack to facilitate cryptocurrency banking

It also offers training and memberships for people looking to build home travel businesses by providing members the tools required to act as a travel agency.

As part of its integration with NetCents, Surge365 also aims to offer cryptocurrency as a payout option for company payments and bonuses, ranging between $1,000 and $1 million.

Based in Vancouver, NetCents is a transactional hub for cryptocurrency payments and allows businesses to integrate cryptocurrency processing into their payment models.

NetCents shares traded 4.3% higher at C$0.97 in morning trade Wednesday in Toronto.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Wed, 10 Apr 2019 10:56:00 -0400 https://ca.proactiveinvestors.com/companies/news/218345/netcents-technology-kicks-off-cryptocurrency-processing-with-surge365-218345.html
<![CDATA[News - NetCents announces merchant deal with Surge365 to expand travel industry reach of cryptocurrency ]]> https://ca.proactiveinvestors.com/companies/news/216951/netcents-announces-merchant-deal-with-surge365-to-expand-travel-industry-reach-of-cryptocurrency-216951.html NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said Thursday that it has signed a merchant agreement with Surge365 LLC to expand its travel industry reach.

The integration of the NetCents Merchant Gateway allows the Surge365 platform to accept and process international membership subscription transactions in cryptocurrency, according to NetCents.

In addition, Surge365 will work towards offering cryptocurrency as a payout option for company residuals and bonuses ranging from $1,000 to $1 million.

READ: NetCents launches Crypto Banking Stack to facilitate cryptocurrency banking

Based in Glen Carbon, Illinois, the network marketing company gives members access to hundreds of thousands of hotels, resorts, cruises and all-inclusive resorts around the globe.

It offers training and memberships for individuals to build their own home-based businesses by providing members with the tools required to act as an individual travel agency with custom-branded sales portals.

"The agreement with NetCents allows us to differentiate ourselves from the others by offering the future-forward cryptocurrency payment option and by tapping into the undeniably huge crypto market space," Surge365 Duane Vancil CEO said in a statement.

Shares of Netcents traded at C$1.20 in Wednesday’s Canadian trading. They fetched US$0.87 on the OTC Markets.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 21 Mar 2019 09:03:00 -0400 https://ca.proactiveinvestors.com/companies/news/216951/netcents-announces-merchant-deal-with-surge365-to-expand-travel-industry-reach-of-cryptocurrency-216951.html
<![CDATA[News - NetCents Technology strikes deal to process cryptocurrency payments for ILO crypto ]]> https://ca.proactiveinvestors.com/companies/news/216381/netcents-technology-strikes-deal-to-process-cryptocurrency-payments-for-ilo-crypto-216381.html NetCents Technology Inc (OTCMKTS:NTTCF) (CSE:NC) announced Wednesday that it has entered into an agreement for the processing of cryptocurrency payments for ILO Crypto.

ILOCX is a platform which raises non-equity capital for companies in a unique way by selling Initial License Offerings (ILO's). It is a revenue-based method of raising capital, giving buyers the right to promote and or sell an underlying product or service and receive royalties based on the gross revenue of the company.

"The significance of this transaction is enormous for crypto holders everywhere, this partnership is giving them high quality alternative options for utilizing their capital currently locked in Bitcoin, Ethereum and various other altcoins,” said ILOCX CEO Edward Fitzpatrick in a statement.

READ: NetCents approved for trading on OTCQB

“Hundreds of billions of dollars are sitting in crypto looking for new ways to put this capital to work, thanks to this partnership between NetCents and ILOCX we can say with confidence that the era of utilization is here."

Shares in NetCents shot up 4.1% to $0.90 in the OTC Markets and 2.6% to $1.19 in Canada.

ILOCX's first exchange platform allows its companies to list and sell an ILO to raise capital and enhance sales. ILOCX has signed 54 companies with more than 20 already listed on the exchange. Additionally, ILOCX will be approving the listing of 30 more companies over the coming weeks and has over 40 companies in the immediate pipeline.

As part of this exclusive agreement with NetCents, ILOCX has launched www.ILOcrypto.com, a specialist exchange focused on allowing anyone holding Bitcoin, Ethereum, and various other altcoins to use that cryptocurrency to buy ILO's.

Through the merchant agreement, ILOCX will use the NetCents Merchant Gateway to power cryptocurrency transactions for its capital raising services. With $300 million in deals on the exchange to date, this platform demonstrates another way the NetCents and ILOCX partnership can tap into the hundreds of billions in crypto capital, giving crypto-holders alternative options for utilizing their capital and giving companies listing on ILOCX access to the capital they need.

Based in Vancouver, NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

The company recently introduced its Zero Confirmation and Risk Analysis technology which validates cryptocurrency transactions before they are confirmed on the blockchain.

The company will license the technology to cryptocurrency payment processors, retailers and other businesses that are looking to clear a transaction before it is confirmed on the blockchain.

— (Story updated with stock action) — 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Wed, 13 Mar 2019 14:24:00 -0400 https://ca.proactiveinvestors.com/companies/news/216381/netcents-technology-strikes-deal-to-process-cryptocurrency-payments-for-ilo-crypto-216381.html
<![CDATA[News - NetCents launches Crypto Banking Stack to facilitate cryptocurrency banking ]]> https://ca.proactiveinvestors.com/companies/news/216017/netcents-launches-crypto-banking-stack-to-facilitate-cryptocurrency-banking-216017.html NetCents Technology Inc (OTCMKTS:NTTCF) (CSE:NC) announced Thursday that it has launched Crypto Banking Stack to facilitate cryptocurrency banking.

The cryptocurrency hub company said financial Institutions will be able to use their existing hardware and software to offer clients access to a fully integrated cryptocurrency processing and transaction service.

The cryptocurrencies initially supported through the Crypto Banking Stack are bitcoin, ether, bitcoin cash and Litecoin, NetCents said in a statement.

READ: NetCents supports merchants in 55 countries after cryptocurrency payment hub’s expansion

Crypto Banking Stack will require only minor modifications to legacy systems, eliminating the need to develop and maintain proprietary cryptocurrency processing technology, according to Vancouver-based NetCents.

Low-cost, crypto-ready processing can be added quickly without the need for lengthy and costly development, the company said in a statement.

Once integrated through the Crypto Banking Stack application programming interface, financial Institutions will be able to offer their customers crypto banking services accessible through their current online bank profiles.

The crypto bank accounts will have the same functionality as standard checking and savings accounts, according to NetCents.

Included is the ability to add various crypto accounts or wallets; to transfer, deposit, withdraw, make a payment and view transactions; and to link a crypto bank account to debit cards.

The Crypto Banking Stack, according to NetCents, will have the ability to provide account holders with the ability to convert and move balances between crypto and legal tender bank accounts.

Shares of NetCents climbed US$0.14, or 16%, to US$1 in Wednesday’s OTC Markets trading. They advanced C$0.01 to C$1.23 in Canada.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 07 Mar 2019 08:28:00 -0500 https://ca.proactiveinvestors.com/companies/news/216017/netcents-launches-crypto-banking-stack-to-facilitate-cryptocurrency-banking-216017.html
<![CDATA[News - NetCents supports merchants in 55 countries after cryptocurrency payment hub’s expansion ]]> https://ca.proactiveinvestors.com/companies/news/215823/netcents-supports-merchants-in-55-countries-after-cryptocurrency-payment-hubs-expansion-215823.html NetCents Technology Inc (CSE:NC) said Tuesday that it has completed the expansion and now supports merchants in 55 countries and 36 legal tender currencies.

The cryptocurrency payment hub said in a statement that merchants in China, Japan, Australia, the Caribbean, South America, the European Union, England and India have the ability to accept crypto payments with no volatility risk. The merchants have access to more than 8,000 banks internationally, according to NetCents.

“This is a huge leap forward for the company and for our partners,” NetCents Clayton Moore said. “We're excited to continue the Company's expansion into new markets."

READ: NetCents approved for trading on OTCQB

NetCents added that it’s now able to provide cryptocurrency payment solutions to merchants in all supported countries with settlement in their local currencies.

Through the NetCents platform, according to the company, merchants can settle funds directly into their bank accounts without intermediaries.

Shares of NetCents dropped C$0.06 to C$1.16 in Monday’s Canadian trading.

On Monday, the Vancouver-based company said it has been approved for trading on OTC Markets Group Inc’s OTCQB exchange.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Tue, 05 Mar 2019 08:14:00 -0500 https://ca.proactiveinvestors.com/companies/news/215823/netcents-supports-merchants-in-55-countries-after-cryptocurrency-payment-hubs-expansion-215823.html
<![CDATA[News - NetCents approved for trading on OTCQB ]]> https://ca.proactiveinvestors.com/companies/news/215749/netcents-approved-for-trading-on-otcqb-215749.html NetCents Technology Inc (CSE:NC) (Frankfurt:26N) (OTCQB:NTTCF) has been approved for trading on the OTC Markets’ “QB” exchange under the ticker NTTCF.

The online payment processor with a crypto focus is also listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange.

When kicking off the application to list on the OTCQB last January, CEO and founder Clayton Moore said the timing is right for a cross listing in the US.

READ: NetCents kicks off formal application process to list on the OTCQB exchange

"We have been planning to cross-list for quite a while but have been waiting until we established a footprint in the US,” said 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.”

NetCents is still awaiting approval for the DTC settlement process and expects that this will be completed in the next two weeks.

READ: NetCents introduces new tech that eliminates delays in blockchain transactions

Based in Vancouver, NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

The company recently introduced its Zero Confirmation and Risk Analysis technology which validates cryptocurrency transactions before they are confirmed on the blockchain.

The company will license the technology to cryptocurrency payment processors, retailers and other businesses that are looking to clear a transaction before it is confirmed on the blockchain.

There are currently over 287,000 blockchain transactions per day that this technology can be applied to, according to NetCents.

NetCents shares slipped C$0.06 to finish at C$1.16 in Canadian trade on Monday.

 

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Mon, 04 Mar 2019 15:17:00 -0500 https://ca.proactiveinvestors.com/companies/news/215749/netcents-approved-for-trading-on-otcqb-215749.html
<![CDATA[News - NetCents rolls out crypto platform with help from new merchant partner ]]> https://ca.proactiveinvestors.com/companies/news/215538/netcents-rolls-out-crypto-platform-with-help-from-new-merchant-partner-215538.html NetCents Technology Inc (CSE:NC) said Thursday it has inked a five-year independent sales organization (ISO) reseller agreement with a top merchant service and point-of-sale terminal provider (MSP).

This means that the undisclosed MSP will now partner with NetCents to begin deploying the NetCents cryptocurrency payment platform to financial institutions, merchant acquirers and card issuers globally.

This agreement marks the 20th partner agreement that the Vancouver company has signed since it kicked off its partner programs last August. Via these contracts, NetCents has access to hundreds of thousands of merchants, as well as a sales force of agents who actively sell NetCents to merchants.

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

The MSP partners with Apple Pay and Android Pay to process transactions on Verifone and GROOVV POS systems to allow merchants to accept a number of payment options including VISA, MasterCard, American Express, Apple Pay and now cryptocurrency.

READ: NetCents Technology partners with Results by Design to roll out payment platform globally

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 slipped 5 cents to finish at C$1.05 on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Thu, 28 Feb 2019 09:04:00 -0500 https://ca.proactiveinvestors.com/companies/news/215538/netcents-rolls-out-crypto-platform-with-help-from-new-merchant-partner-215538.html
<![CDATA[News - NetCents Technology partners with Results by Design to roll out payment platform globally ]]> https://ca.proactiveinvestors.com/companies/news/215063/netcents-technology-partners-with-results-by-design-to-roll-out-payment-platform-globally-215063.html NetCents Technology Inc (CSE:NC) said Thursday that it has inked a five-year independent sales organization (ISO) reseller agreement with Results by Design.

This means that Results by Design, which has a presence in Seattle, San Francisco, Atlanta, Tampa and Reno will now partner with NetCents to begin deploying the NetCents cryptocurrency payment platform to financial institutions, merchant acquirers and card issuers globally.

Headquartered in Vancouver, NetCents is an online payment processor which 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.

READ: NetCents kicks off formal application process to list on the OTCQB exchange

Meanwhile, Results by Design has worked with Visa, US Bank, MasterCard, Mobil, IBM, Kodak, Disney Store, Gap, World Duty Fee Group and has extensive experience in the payment technology and card-issuing industries. It specializes in integrating new technologies with legacy technologies, and streamlining consumer and merchant buying experiences. 

Results by Design compliments NetCents customer acquisition, distribution and revenue model.

In addition to the appointment of RBD President Don Sieb and consultant Eric Turille to NetCents advisory board, NetCents is tapping business development manager Sharon Predes and senior partner Jim Troy to be members of the company’s advisory board.

Predes has 25 years of business development and management experience with MasterCard International and Wells Fargo Bank. She will provide “a deeper perspective” to NetCents credit card program roll-out this year in North America, followed by Asia and Europe, said the company.

"We couldn't be more excited to be working with Results by Design and adding such experienced payments executives to our advisory board,” said NetCents CEO Clayton Moore. “As we continue to roll out our technology and platform, this partnership validates our vision of being a disruptive player in the payment processing industry."  

Predes said NetCents understood the marketplace and “has delivered a cryptocurrency platform any payment technology company or payment processor should consider implementing, and they make it easy to license or resell to their merchants." 

Jim Troy, a payment industry veteran, noted that introducing new payment methodologies “is not an easy task,” but working with NetCents gave them confidence to “deploy the NetCents platform to our network of strategic partners and financial institutions."

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Thu, 21 Feb 2019 09:35:00 -0500 https://ca.proactiveinvestors.com/companies/news/215063/netcents-technology-partners-with-results-by-design-to-roll-out-payment-platform-globally-215063.html
<![CDATA[Media files - NetCents develops technology to speed up transactions using cryptocurrency ]]> https://ca.proactiveinvestors.com/companies/stocktube/12284/netcents-develops-technology-to-speed-up-transactions-using-cryptocurrency-12284.html Tue, 19 Feb 2019 14:49:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/12284/netcents-develops-technology-to-speed-up-transactions-using-cryptocurrency-12284.html <![CDATA[News - NetCents introduces new tech that eliminates delays in blockchain transactions ]]> https://ca.proactiveinvestors.com/companies/news/214642/netcents-introduces-new-tech-that-eliminates-delays-in-blockchain-transactions-214642.html NetCents Technology Inc (CSE:NC) said Thursday that it has introduced its Zero Confirmation and Risk Analysis technology which validates cryptocurrency transactions before they are confirmed on the blockchain.

The company will license the technology to cryptocurrency payment processors, retailers and other businesses that are looking to clear a transaction before it is confirmed on the blockchain.

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

There are currently over 287,000 blockchain transactions per day that this technology can be applied to, according to NetCents.

"As it is right now, there is a delay for all cryptocurrency transactions, opening a window for transactions to timeout, fraud, and double spending," said Clayton Moore, CEO of NetCents in a statement. "Being integrated with companies like Oracle and PAX, who alone has over 26 million terminals, the delay at the point of sale was something that we knew we needed to eliminate to instill confidence for retail merchants to begin accepting cryptocurrency and avoid transaction delays for the consumer."

READ: NetCents kicks off formal application process to list on the OTCQB exchange

The NetCents Zero Confirmation and Risk Analysis technology creates a pathway for near-instant commerce, guaranteeing the cryptocurrency transaction before it is confirmed by miners on the blockchain.

The transaction provides a score for each transaction, protecting it against fraud. If the transaction passes the NetCents scoring algorithm, the transaction is approved.

The platform enhancement cuts the wait time at point-of-sale transactions, which can take up to 30 minutes. With Zero Confirmation and Risk Analysis, NetCents can now deliver close to real-time confirmation for 98% of all Bitcoin transactions.

Headquartered in Vancouver, NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

NetCents shares slipped 4.55% to finish at C$0.84 on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Thu, 14 Feb 2019 07:50:00 -0500 https://ca.proactiveinvestors.com/companies/news/214642/netcents-introduces-new-tech-that-eliminates-delays-in-blockchain-transactions-214642.html
<![CDATA[News - NetCents Technology enters into pact with Powered by ZOMONGO ]]> https://ca.proactiveinvestors.com/companies/news/214472/netcents-technology-enters-into-pact-with-powered-by-zomongo-214472.html NetCents Technology Inc (CSE:NC) said Tuesday that it has entered into an agreement with Powered by ZOMONGO, one of the fastest growing digital networks in North America.

Powered by Zomongo uses beacon technology to connect smart devices to its network of hotels, 22 major airports, more than 90,000 merchant locations. Zomongo is a digital out-of-home Network (DOOH) which uses digital display technology to communicate with its target audience in the US and Canada.

As part of this agreement, ZOMONGO will use the NetCents Asset Management System (AMS) to be the underlying technology that manages its new reward token, MONGOrewards. The integration of the NetCents AMS will allow ZOMONGO to offer MONGOrewards to its user-base and expand on that cost-effectively.

READ: NetCents kicks off formal application process to list on the OTCQB exchange

"Our ultimate goal has always been to be and provide the underlying technology that enables cryptocurrency transactions to become mainstream by working with innovative companies like ZOMONGO," said NetCents Technology CEO Clayton Moore in a statement.

MONGOrewards will debut this year during the Daytona Speedweeks with nearly 200,000 fans expected to attend the Daytona 500 on February 17, 2019. ZOMONGO will have a strong presence at the event, with its partnership with Norm Benning Racing.

As part of the MONGOrewards rollout, ZOMONGO will be rewarding Verge Currency users and merchants who sign up for a NetCents account through ZOMONGO to receive free MONGOrewards tokens.

"The ZOMONGO integration with NetCents is a natural one as it marries the NetCents Platform to ZOMONGO's powerhouse marketing efforts," said Jarrett Ostrowski, spokesperson for Powered by ZOMONGO.

Ostrowski said that through the ZOMONGO app, the NetCents AMS will be the “underlying technology to process all crypto transactions, giving merchants multiple new ways to engage with users, such as geo-linked rewards, access to exclusive events, augmented reality, and gamification.”

The company said the agreement is “the first step” of the partnership and presages how both companies will work to “bring ZOMONGO, NetCents, and crypto to the masses.”

Vancouver-based NetCents is an online payment processor which 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.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 12 Feb 2019 09:42:00 -0500 https://ca.proactiveinvestors.com/companies/news/214472/netcents-technology-enters-into-pact-with-powered-by-zomongo-214472.html
<![CDATA[News - NetCents Technology increases distribution reach with SalesSource deal ]]> https://ca.proactiveinvestors.com/companies/news/213093/netcents-technology-increases-distribution-reach-with-salessource-deal-213093.html NetCents Technology Inc (CSE:NC) has boosted its reach with a reseller agreement with SalesSource.

The Vancouver-based online payment processor said in a statement Monday that it had struck a five-year ISO reseller agreement with SalesSource, which will promote and sell NetCents' Cryptocurrency Merchant Gateway, e-Wallet and Card related services to their extensive merchant network.

READ: NetCents kicks off formal application process to list on the OTCQB exchange

That includes international and domestic processing, mobile and virtual terminal processing, e-commerce, high risk, alternative payment and cash advance methods, and POS systems integrations, the company said.

"SalesSource is forward thinking and excels in various aspects of product development and product delivery," said NetCents CEO Clayton Moore. "Integrating NetCents Crypto Currency processing services with SalesSource payment solutions will increase our distribution reach, market validation, and strategic customer acquisitions."

Last week, Netcents said it had started the formal application process to trade on the OTC Markets' "QB" exchange.

The firm offers consumers and merchants online services for managing electronic payments.

The company is focused on capturing the migration from cash to digital currency using blockchain technology.

Shares in Netcents gained 2.82% in Toronto to $0.73.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Tue, 22 Jan 2019 11:34:00 -0500 https://ca.proactiveinvestors.com/companies/news/213093/netcents-technology-increases-distribution-reach-with-salessource-deal-213093.html
<![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 

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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 

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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

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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

 

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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

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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

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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

 

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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."

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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