Canadian Banks to Get Push to Blockchain Technology as NetCents Partners with Vanbex to Accelerate Adoption

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NetCents Technology and The Vanbex Group are pleased to announce a strategic partnership between the professional services firm and the online payment service provider. The partnership will work together to provide a streamlined, full end-to-end innovative financial services platform.

The union allows both companies to utilize each other’s strengths in order to develop the next generation of financial transactions by utilizing the emerging technology, the Blockchain. Blockchain technology has the potential to replace the over 30 trillion financial transactions per year currently processed by the Automated Clearing House (ACH) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

NetCents will be integrating Vanbex Group’s Genisys product, a Blockchain-integrated payment platform that offers a cost-effective, turn-key transaction messaging system for cross-border payments, to work in conjunction with the SWIFT and Clearing House Interbank Payments System (CHIPS) protocols.

“We believe working with an internationally recognized and accepted brand like NetCents will help put Genisys and NetCents at the forefront of global payments,” said Kevin Hobbs, CEO at Vanbex Group.

“By Integrating Genisys with NetCents we will now be able to begin to introduce next generation processing for banking financial transactions by offering a solution that will update the current, antiquated banking transfer platform,” said Clayton Moore, CEO and founder at NetCents Technology Inc.

Mr. Moore added:

“By utilizing Vanbex’s industry-leading Blockchain-based product we will begin introducing these processing opportunities to the financial world, starting with financial institutions in Canada.”

NetCents works with financial partners, mobile operators and exchanges to streamline the user experience of transacting online. NetCents’ technology is integrated into the ACH, which ensures consumers’ security and privacy.

NetCents recently commenced beta testing on its Payment Gateway platform, an ecommerce application that processes and authorizes secure credit card transactions in both digital and traditional fiat currency, as well as PayPal and Apple Pay for merchants.

Genisys is a Blockchain-integrated payment system that allows its users to send financial messages globally to any banking partner using unique Blockchain messages, user created messages for added security as well as existing legacy financial messages like the International Organization for Standardization and SWIFT. It replaces the existing financial infrastructure and replaces it with a more secure, efficient, and cost-effective solution.

Link: genisysventures.com

NetCents is an electronic payments technology company offering consumers and merchants online services for managing electronic payments by a variety of payments methods through its processing platform. NetCents works with its financial partners, mobile operators, exchanges, etc. to streamline the process and user experience of transacting online. The NetCents platform is integrated into the Automated Clearing House (“ACH”) through the Royal Bank of Canada (“RBC”, “Royal Bank”). NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.

For more information, please visit the corporate website at www.netcents.biz

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.