13:49:48 EDT Mon 03 Oct 2022
Enter Symbol
or Name

Login ID:
NetCents Technology Inc
Symbol NC
Shares Issued 35,887,961
Close 2017-12-18 C$ 3.28
Recent Sedar Documents

NetCents closes first phase of Aliant integration

2017-12-18 13:48 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. has completed the first phase of integration into Aliant Payment Systems.

NetCents and Aliant have entered into an exclusive five-year revenue-sharing agreement that will see Aliant offering a white-labelled NetCents cryptocurrency-processing solution to their network of 7,000 United States-based merchants. The NetCents platform will be the underlying technology that processes all of Aliant's cryptocurrency transactions.

The first phase of the integration involved setting up the Aliant environment to work with the NetCents cryptocurrency merchant gateway along with the development of requested custom-built feature sets. Currently, the company is finalizing the live-environment testing phase to ensure that the system runs seamlessly when the platform is deployed.

"The first phase of the integration is now complete and we are now testing in a live environment," said Mehdi Mehrtash, chief technology officer of NetCents. "The integration process has gone very smoothly, and we are a couple of weeks ahead of our planned implementation-and-rollout schedule."

Once testing in the live environment is completed, the project will move into the final testing and integration stage prior to the service going live across the Aliant merchant network. NetCents anticipates that live transactions will commence before the new year.

"This is just the first of several major partnership implementations in the first quarter of 2018," added Clayton Moore. "In addition to the Aliant Merchant Network, we are rolling out our merchant gateway integrations with the Flexepin and Poynt Smart Terminals merchant networks. These merchant networks give NetCents multiple points of distribution over the coming years and brings us one step closer to becoming the next-generation blockchain financial company in 2018."

Once the Aliant cryptocurrency processing solution has been fully deployed, NetCents will begin working on the second stage of the agreement that will see the NetCents coin integrated into the settlement options. Allowing the Aliant merchant network to automatically accept the NetCents coin as tender for on-line purchases.

About Aliant Payment Systems

Aliant is an international merchant services and credit card processing company, with corporate offices in Fort Lauderdale, Fla. Aliant provides credit-card-processing and payment-processing accounts for businesses worldwide, with a highly professional management staff who offer 14 years of experience in account set-up, customer service and development. Aliant has aligned itself only with the finest in the industry when it comes to providing merchant services. Additionally, Aliant offers a complete line of credit card machines and ATMs to offer the highest in convenience and efficiency to your business and its customers.

About NetCents Technology Inc.

NetCents is a next-generation on-line payment processing platform, offering consumers and merchants on-line services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing innovative blockchain technology to provide payment solutions that are simple to use, secure and worry-free. NetCents works with its financial partners, mobile operators and exchanges to streamline the user experience of transacting on-line.

NetCents Technology is integrated into the automated clearing house (ACH) and is registered as a money services business (MSB) with Fintrac, which ensures consumers' security and privacy.

We seek Safe Harbor.

© 2022 Canjex Publishing Ltd. All rights reserved.