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NetCents Technology Inc
Symbol NC
Shares Issued 44,501,467
Close 2018-12-03 C$ 1.01
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NetCents releases SaaS cryptocurrency processing system

2018-12-03 10:24 ET - News Release

Mr. Clayton Moore reports

NETCENTS TECHNOLOGY RELEASES THE FIRST CRYPTOCURRENCY SAAS-BASED PROCESSING PLATFORM

NetCents Technology Inc. has released the first software-as-a-service-based cryptocurrency processing platform.

Clayton Moore, chief executive officer of NetCents, said: "These platform updates will allow NetCents to both on board new merchants more easily and monitor processing volumes to meet system requirements. Our recent agreements have given NetCents direct access to 500,000 merchants and this update will allow the company to deploy integrations quicker and scale more easily. With this upgrade, we continue to deliver on our growth strategy."

In order to meet current and future partner demand, the NetCents software-as-a-service (SaaS) platform is designed to be a turnkey solution for anyone wanting to start or add cryptocurrency processing to their platform or portfolio. The versatility and flexibility of the system allow easy white labelling, on-boarding and integration into existing platforms.

"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," added Mr. Moore. "With our upgraded platform, we are now poised to be able to rapidly on board these new partners and their merchants, bringing us one step closer to our goal of becoming the technology that powers cryptocurrency payments worldwide."

The move to the SaaS platform will enable the company's anticipated growth in both the card present and card not-present environments. Through this upgrade, the company has developed four robust application program interface (API) documents for ease of integrations with merchants, partners, and point of sale and terminal environments.

Built on top of elastic computing technology, the platform can adapt to volatility and changes in demand. The architecture continually monitors processing volume and adapts by monitoring processing thresholds of existing servers, enabling predictive scaling to handle peak periods and scheduled scaling for high transaction periods.

About NetCents Technology Inc.

NetCents Technology 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 Technology works with its financial partners, mobile operators and exchanges, to streamline the user experience of transacting on-line.

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