Payscout and Telrock Systems Partnered Over Paywire Integration

Payscout | February 08, 2022

Payscout, one of the global leaders of payment innovation, is elated to announce its latest integration with Optimus. Payscout is known as one of the global leaders of payment innovation. The company has provided specialized processing solutions for vertical-specific industries such as Healthcare, Accounts Receivable Management (ARM), and Enterprise merchants. Optimus is known for its comprehensive cloud-based collections and recovery software platform from Telrock Systems.

Telrock Systems is a global technology provider for modern recovery software solutions and cloud-based collections for creditors and 3rd-party consumer collections organizations to improve their functionality and advance business capabilities.

Payscout's Paywire platform will be a significant ARM-centric gateway for the users of Optimus as they will now have direct access to seamlessly integrated payment processing through API. The enhanced integration will serve the purpose of providing advanced omnichannel payment capabilities for debit, credit, HAS, and ACH in a secure and PCI-compliant environment.

In addition, the new Paywire platform now offers the users of Optimus access to enhanced service offerings from Payscout. The offerings would be programs with a proven record of increasing collection rates and boosting revenue and 360° Fee-Free Payments and First-Party Biller (FPB). Fee-Free Payments and First-Party Biller (FPB) is a service offering for agencies to their clients (BPO or EBO) to assist on receivables before assignment for collection. FPB generally reduces the impact on clients and systems during data transfer and controls the entire process.

360° Fee-Free Payments is a fully compliant Convenience Fee solution that enables merchants to eliminate or significantly reduce their payment processing fees by charging consumers at a flat price for the convenience of accepting card-not-present (CNP) payments online or via mobile phone.

These are trying times for businesses in the collections and ARM space. With many businesses facing reduced budgets, limited inventories, and increased regulations, there is a real need for an efficient and compliant payment solution that reduces costs and increases revenue. The integration between Paywire and Optimus provides further proof of the commitment between Payscout and Telrock Systems to provide innovative collection solutions that meet the needs of our customers."

Manpreet Singh, President and Co-Founder of Payscout


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TechX Completes Procurement of Mobilum, a Leading Cryptocurrency Payment Technology Gateway

TechX Technologies Inc. | July 17, 2021

TechX Technologies Inc., a technology-driven company that makes traditional finance accessible through compliant digital payment infrastructure and digital asset management technologies, is pleased to announce that, in accordance with the Company's May 26, 2021 news release, TechX has completed the acquisition of Mobilum OÜ ("Mobilum"). TechX also stated that the Board of Directors has authorised a name change from "TechX Technologies Inc." to "Mobilum Technologies Inc." and a ticker symbol change to "MBLM" on the Canadian Securities Exchange ("CSE"). The Company will publish another press release indicating the effective date for trading under the new name, symbol, and CUSIP number. The change in name is still subject to CSE clearance. Mobilum is a licenced plug-and-play fiat-to-crypto gateway and payment processing technology solution for exchanges, wallets, brokers, liquidity providers, and cryptocurrency businesses, as well as a financial technology start-up that offers fiat infrastructure to the cryptocurrency sector. Mobilum's easy-to-use on-ramp and off-ramp solution simplifies integration for businesses whose customers purchase and sell cryptocurrency using credit and debit cards. Mobilum promises 0% chargebacks, the best acceptance rates, and the industry's lowest transaction costs (at 2.99 percent). "We are overjoyed to have acquired Mobilum's on-ramp, off-ramp, and digital wallet technology," stated TechX CEO Peter Green. "We plan to swiftly increase from the $150,000 in daily processing volumes we are presently performing with the infusion of cash from our most recent fundraising round by expanding the on-ramp offering to additional cryptocurrency exchanges and businesses. We're also looking forward to introducing the gift and payment card off-ramp, as well as the digital wallet solution, near the end of Q3. Decentralized finance is clearly gaining worldwide popularity, and we are thrilled to be a part of this multibillion-dollar game-changing sector." The Transaction TechX has purchased a 100% stake in Mobilum in exchange for 26,666,667 common shares in the capital of the Company (the "Shares") at a presumed value of $0.60 per Share for a total consideration of C$16,000,000. The Shares are subject to a four-month and one-day hold period from the date of issue. About TechX Technologies: TechX Solutions Inc. is a technology-driven firm that makes conventional banking more accessible by utilising compliant digital payment infrastructure and digital asset management technologies. About Mobilum Mobilum, a fintech start-up that provides the cryptocurrency sector with fiat infrastructure, has a licenced plug-and-play fiat-to-crypto gateway and payment processing technology solution enabling exchanges, wallets, brokers, liquidity providers, and cryptocurrency enterprises. Mobilum's easy-to-use on-ramp and off-ramp solution makes it simple for companies to enable consumers to purchase and trade cryptocurrencies using credit and debit cards. The Mobilum digital wallet will provide its clients competitive rates on over 237 cryptocurrencies, as well as the ability to earn significant interest incentives and returns with DeFi.

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Adhesion Wealth Partners with Addepar to Provide Customizable Investment Management Solutions for RIAs

Adhesion Wealth | August 31, 2021

Adhesion Wealth®, a managed account provider for registered investment advisors (RIAs), today announced it has entered into a partnership with Addepar, a leading technology platform for wealth management. Through this partnership, RIAs can benefit from greater reporting flexibility and recoup costly administrative time. Adhesion advisors may gain access to Addepar's category-leading portfolio reporting and analytics platform, which enables them to deliver robust analysis and actionable insights to clients at a higher level of detail. The Addepar platform aggregates data from more than 250 proprietary data feeds and seamlessly integrates with advisory firms' existing software through modern APIs, allowing them to deliver a tailored and differentiated client experience. "I was thrilled to learn of the new partnership between Adhesion and Addepar. With the two firms combining forces, it takes one of the best-in-class UMA platforms and pairs it with the preeminent client reporting technology to give advisors the ability to provide their clients a complete view into the UMA, analyze performance at the manager level, and have better, more productive conversations with clients," said Stan Gregor, CEO of Summit Financial Holdings. "Summit is continually evolving by providing the latest top-tier technology to enhance client-advisor relationships, and this new offering is a perfect complement to our SummitVantageTM platform that creates additional value-add in our recruiting efforts." Addepar clients who seek Unified Managed Account (UMA) and Separately Managed Account (SMA) capabilities benefit from a seamless data integration with Adhesion. Combined with enhanced sleeve-level reporting capabilities, advisors are able to access powerful tools to help their clients implement sophisticated managed-portfolio solutions with ease while also monitoring fees and implementing valuable tax optimization overlay strategies. "This partnership represents a huge step forward for productivity and integration in wealth management," said Barrett Ayers, President of Adhesion Wealth. "The Addepar platform is, in our estimation, the best reporting system on the market today. We are excited to give advisors on the Adhesion platform access to their powerful suite of portfolio analytics." "We have maintained an unwavering commitment to building a best-in-class investment platform driven by client obsession," said Addepar President David Obrand. "We are thrilled to make this offering more widely available through our partnership with Adhesion and provide greater access to investment solutions for investors predicated on freedom of choice." About Adhesion Wealth Adhesion Wealth® is a leading provider of outsourced investment management solutions for registered investment advisors (RIAs). Adhesion Wealth empowers advisors with the ability to build their own multi-manager (UMA) strategies, access SMA strategies and use other turnkey investment solutions on the Adhesion Manager Exchange. Adhesion Wealth also provides advisors with personal and direct indexing, tax management, tax transitions, portfolio administration, practice analytics and client reporting. With Adhesion, advisors gain access to a scalable, multi-custodian platform upon which to grow successful practices. About Addepar Addepar is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. Founded in 2009 by Joe Lonsdale, who currently serves as an active Chairman of its Board of Directors and General Partner at 8VC, the company's platform aggregates portfolio, market and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions. Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $3 trillion of assets on the company's platform.

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Amazon Web Services Makes Finspace Available For All

AWS | May 05, 2021

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The analysts of hedge funds, asset management firms, insurance companies, investment banks, and other FSI organizations can get more benefits with Amazon FinSpace, that gives access to the information they need as well as it empowers them to create thorough analytics on demand to all of its collected data. Customers only pay for the data stored, the users allowed, and the software used to prepare and analyse data. There are no upfront costs or obligations to use Amazon FinSpace. Every day, FSI organisations generate and compile petabytes of data from internal sources such as portfolio management, managements systems, order management systems, and execution management systems, as well as third-party data feeds such as high-volume historical equities pricing data, job statistics, and earnings results. 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