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Sunday, September 26, 2021
Home News Canadian Banks to Get Push to Blockchain Technology as NetCents Partners...

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

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

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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