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NetCents Technology Inc
Symbol NC
Shares Issued 44,501,467
Close 2019-01-07 C$ 0.82
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NetCents signs multiple agreements in 2018

2019-01-07 10:07 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. has provided a corporate recap of advancements in 2018.

In 2018, the company upgraded the platform from a cryptocurrency payment processing platform to a robust cryptocurrency SaaS (software-as-a-service) platform that is scalable and flexible from both the partner and merchant perspective. The platform upgrades include:

  • Upgraded user interface and merchant payment gateway front end;
  • Deployed iOS and Android merchant and user applications;
  • Implemented the Instant Settlements program;
  • Developed and deployed multiple terminal, point of sales and eCommerce integrations;
  • Developed and deployed a cloud-based SaaS platform;
  • Developed and deployed an asset management platform;
  • Integrated cloud computing;
  • Upgraded the NC Exchange;
  • Added four new cryptocurrencies to the platform;
  • Deployed partner and affiliate programs;
  • Deployed a commission management system;
  • NetCents cryptocurrency credit card program. The company is currently finalizing the integration of the credit card program into the user portal and Instant Settlements program. The company has pushed back its release in Canada to the spring of 2019 due to development work required for signed partner and merchant contracts.

The company saw a 206-per-cent increase in direct merchant signups in the last quarter of 2018. In addition to the announced merchants, the company has now had over 425 direct merchant signups and the sign-up rate has continued to increase each month.

In the last half of 2018, the company has entered into multiple new partner and enterprise merchant agreements, as highlighted below.

Enterprise merchant agreements:

  • MindGeek: The agreement includes 165 streaming websites and its advertising company Traffic Junky. MindGeek has $500-million in annual revenue, with 120 million unique daily visitors and three billion daily ad impressions.
  • WealthShop: Chain of legal marijuana dispensaries across multiple provinces.

Enterprise white label agreements:

  • High Risk Commerce LLC: Though this five-year revenue sharing white-label agreement, High Risk Commerce will be making the NetCents merchant gateway available to its hundreds of independent sales organizations and partners that represent tens of thousands of on-line merchants, processing billions of dollars in transactions. The white-label integration was completed in the fourth quarter of 2018 and has onboard merchants.
  • Post Socratic Ventures: Exclusive five-year revenue share white-label agreement for 28 Caribbean countries with quarterly processing volume minimums.

Independent sales organization (ISO) reseller agreements:

  • Obanc: Five-year ISO reseller agreement. Obanc specializes in high-risk and Las Vegas-based merchants.
  • SecureGlobalPay: Five-year ISO reseller agreement. SecureGlobalPay is a full-service merchant service provider specializing in custom payment gateway solutions, providing merchants, both offshore and nationwide, credit and debit card processing, clearing and settlement, gift/loyalty/stored value card programs, terminal management solutions, and electronic cheque processing.
  • Kubera Payments: Five-year ISO reseller agreement. Kubera's merchant base is focused on the tourism, hospitality, alpine sports, medical, high-risk, retail and transportation sectors. Kubera is partnered with industry-leading processors and associations across North America.
  • Sweet Bling: Five-year ISO reseller agreement that has already signed up multiple enterprise gaming merchants.
  • HubNet Media: Merchant and reseller agreements. HubNet Media has a network of 40 on-line stock websites and will be promoting NetCents through its Internet affiliate program.
  • LightHammer Consulting: Reseller agreement for the Canadian cannabis space.

Technology agreements:

  • Verge Currency: Referral and promotion agreement. Verge is a top 45 cryptocurrency based on market cap with millions of users worldwide. NetCents became payment processor of choice, referring merchants to the NetCents platform.
  • SoftPoint: Technology referral agreement. SoftPoint has integrated NetCents into its ecosystem, enabling thousands of merchants to accept cryptocurrency. Through this integration, NetCents is now integrated into seven smart terminal devices and 14 point of sale systems, including Microsoft/Oracle, Squirrel, Pax, Clover, Exadigm, Ingenico and Dinnerware, to name a few.
  • Bleu POS: ISO reseller agreement. Bleu has integrated NetCents into its point of sale terminal, and merchants who use Blue POS are able to accept cryptocurrency in the retail environment. Blue POS is a technology partner with Visa and distributes its technology platform to concessionaires, retail food and beverage, venue operators, and other market verticals.

"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 chief executive officer of NetCents. "In 2019, the company's focus will be on continuing to capture market share and grow revenue, while looking to expand into new geographic markets through key partnerships."

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.

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