BITCOIN AND CRYPTO

TicketSocket Collaborates with CoinPayments to Enable Cryptocurrencies and NFTs as Payment Mode

TicketSocket | February 17, 2022

TicketSocket_Collaborates_with
TicketSocket has recently collaborated with CoinPayments to enable TicketSocket customers to use cryptocurrency and NFTs in combination with TicketSocket's NFT ticketing system - Sell NFT Tickets as a payment mode for events instead of cash. Cryptocurrencies like Bitcoin and ERC20 Tokens are possibly being used for events payments. Together the companies are leveraging blockchain technology to provide standard modes of payment. The integration will follow the trend with the help of a model similar to what QuiD POS, a payment platform solutions provider, has adopted.

TicketSocket will now accept all cryptocurrencies available on majority exchanges, such as Gemini, Coinbase, and Binance. Apart from this, TicketSocket announces to allow merchants to specify crypto coins to accept for their events admissions. Over this announcement, CoinPayments' CEO Jason Butcher joined and shared his comments. He says, "We are keen to partner with TicketSocket and illustrate the limitless potential CoinPayments provides for merchants worldwide. Our robust and seamless solution will allow TicketSocket customers to accept cryptocurrency as a form of payment, providing an easier way of conducting business and reaching a broader consumer base.”

The corporation of crypto payments in event planning depicts a substantial shift in B2B and B2C. The massive shift of companies may accumulate an abundance of digital wealth in the future. The companies dealing with hard cash supply can also generate revenue to increase their transactions digitally. In this case, TicketSocket is eventually noting a positive impact—as in January 2022, around seven TicketSocket customers have begun using cryptocurrencies and NFTs as modes of payment. In this way, the company anticipates more of their older and newer customers to follow the new suite of payment faster and sooner. 

We feel that this partnership with CoinPayments is extremely timely in the industry as we simultaneously release support for NFT ticketing, this provides our clients with all the tools they need to be successful and stay cutting edge.”

Mark Miller, CEO of TicketSocket, also was heard saying,

TicketSocket currently stands as a leading NFT ticketing provider among other providers globally. The partnership of TicketSocket and CoinPayments now allows TicketSocket customers to sell tickets and include registrations for events of all types and sizes into crypto.  Launching the new payment mode and solution will enable buyers to purchase tickets through Fiat or Crypto and obtain a unique NFT. TicketSocket provides this service through a dynamic minting system that delivers 100% original NFTs to buyers.

Spotlight

WaaSabi is a Wallet as a Service, designed to propel any company into the Fintech universe, for those industries that need to add payments and collections to their business and require support in technical knowledge, identifying strategic partners and navigating the regulatory landscape. It provides an API platform that offers customers the flexibility and security to develop a custom e-wallet with the security of PCI compliance. The solution enables end-users to perform a variety of key collection and payment tasks, including integration with software and hardware experiences, in both Individual and Legal Entity oriented products, in Initiator as well as Aggregator models.

Spotlight

WaaSabi is a Wallet as a Service, designed to propel any company into the Fintech universe, for those industries that need to add payments and collections to their business and require support in technical knowledge, identifying strategic partners and navigating the regulatory landscape. It provides an API platform that offers customers the flexibility and security to develop a custom e-wallet with the security of PCI compliance. The solution enables end-users to perform a variety of key collection and payment tasks, including integration with software and hardware experiences, in both Individual and Legal Entity oriented products, in Initiator as well as Aggregator models.

Related News

FINANCIAL MANAGEMENT, FINTECH

CQG Announces Strategic Partnership with Broadridge to Integrate OMS and EMS Technologies

PRnewswire | March 20, 2023

CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced a strategic partnership with global Fintech leader, Broadridge Financial Solutions Inc. (NYSE: BR) that will integrate the two firms' Execution Management System (EMS) and Order Management System (OMS) respectively. The combination of CQG's front-end trading technology with Broadridge's Order Management System and the NYFIX network will be a first of its kind out-of-the-box solution for institutional customers who wish to take advantage of a full front-, middle- and back-office technology suite. These types of partnerships complement Broadridge's open architecture approach of the OMS. CQG completed a FIX connection into Broadridge to allow for order flow from CQG directly into Broadridge's infrastructure to be managed and routed out to its network of exchanges and liquidity providers. Additional development underway will complete the effort to allow for seamless workflow between the two systems. Viewing and managing orders will be achievable and in-sync in either system. Customers can stage orders, apply algorithmic logic to existing orders, splice and bundle orders, manage allocations, and much more. Traditionally, clients have been tasked with piecing together a solution with a variety of technology providers and have the added effort and cost of making those tools work together. CQG CEO Ryan Moroney said: "We believe this strategic partnership will bring ease along with significant savings opportunities to our mutual customers. Rather than making a choice between an OMS and an EMS, customers will be able to deploy an enterprise solution that offers both to their internal desks and clients alike." Together, Moroney said, CQG and Broadridge look forward to enhancing the workflow of their institutional customers and providing best-in-class execution and order management. About CQG CQG provides the industry's highest performing solutions for traders, brokers, commercial hedgers and exchanges for their market-related activities globally, including trading, market data, advanced technical analysis, risk management, and account administration. The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways. CQG technology serves as the front end for a variety of exchanges and is increasingly employed as the over-the-counter matching engine for important new markets. CQG's server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. Its market data feed consolidates 85 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices. One of the longest-serving technology solutions providers in the industry, CQG has won numerous awards for its trading software, technical analysis and multi-asset trading platform. CQG is headquartered in Denver, with 16 sales and support offices and data centers in key markets globally. For more information, visit www.cqg.com.

Read More

PAYMENTS, FINTECH

ConnexPay Partners With Payouts Network to Launch Push-to-Card Technology

Businesswire | April 27, 2023

ConnexPay, the first and only payments technology company that integrates payments acceptance and issuance inside a single platform, announces a partnership with Payouts Network, an industry leader in financial technology. Through this partnership, ConnexPay has launched new functionality that will enable payouts via Push-to-Card modalities. Push-to-Card Payouts are initiated by the payer, who “pushes” funds in real time to a payee’s account through their eligible Visa or Mastercard debit or reloadable prepaid card. Unlike traditional bank-to-bank transfers, Push-to-Card Payouts are settled in real time and need only the payee’s name and email to set up. The payee’s card information is then captured on the initial payment through a quick and easy white-labeled flow and stored for future payments; there is no need to collect banking information. Push-to-Card Payouts can be made anytime, 24/7/365. With Push-to-Card technology, payments are easy, quick, safe and transparent for businesses looking to pay other businesses or individuals, such as gig workers. ConnexPay's primary payment modality is virtual cards, which provide an alternative to traditional cash, check, and ACH payments. Push to Card provides value where virtual card acceptance is unavailable. For example, Push to Card allows businesses to pay gig-economy delivery drivers (DoorDash, Grubhub, etc.) in real time directly to their eligible card account rather than having them wait several days to receive a payment via check or ACH. Powered by Payouts Network, this Push-to-Card solution complements ConnexPay's existing offering by enabling real-time settlements* and visibility into transactions via a new modality. Commenting on the partnership, Bob Kaufman, Founder & CEO of ConnexPay, stated: "ConnexPay's partnership with Payouts Network demonstrates our commitment to delivering innovative solutions that meet the evolving needs of our customers. With Push to Card, ConnexPay is poised to offer a new payment process to our customers that is efficient and secure, further enhancing our position as a leading payments provider." The new functionality will benefit businesses by eliminating the need for traditional payment methods like checks and ACH, which can take days to clear and have limited settlement visibility. With Push to Card, settlements to the recipient occur in real time, and businesses have full visibility into all transactions. "This partnership is a natural fit for us, as both companies are committed to providing innovative and reliable payment solutions," said Payouts Network CEO Keith Smith. "We look forward to working with ConnexPay to bring our Push-to-Card solution to businesses across various verticals." “Providing secure and transparent digital payment capabilities is at the core of Visa’s efforts to help enhance how individuals and small businesses move money,” said Yanilsa Gonzalez-Ore, SVP, North America, Head of Visa Direct. “We are excited to extend the benefits of Visa Direct to ConnexPay’s customers across a variety of industries and use cases.” The new functionality will be available to all ConnexPay customers and will also help accelerate the company’s expansion to reach more customers across the gig economy, insurance industry, as well as other dimensions of the travel industry. ConnexPay and Payouts Network are also exploring opportunities to expand their partnership to other markets and geographies in the near future. "We’re excited about the growth and retention opportunities that this partnership will bring to our business," added Kaufman. "Our customers are already using technology that is at the forefront of PayTech, and this new addition will make their payments much faster, while helping us serve more companies." About ConnexPay ConnexPay is the first and only company to bring together the two sides of the payment process — payments acceptance and virtual payments issuing — into a single platform with one contract and one reconciliation. The flexibility of this technology allows clients to adopt the full end-to-end acquiring and issuing solution or leverage ConnexPay’s innovative intelligent routing issuing-only platform. The company’s technology simplifies an antiquated workflow, eliminates the need for pre-funded accounts, reduces supplier risk and the cost of accepting card payments while safeguarding consumer spend. Founded in 2017, ConnexPay is an industry leader in payments for industries historically viewed as high risk to payment providers. Learn more at www.connexpay.com and follow us on LinkedIn. About Payouts Network, Inc. Payouts Network is innovating the next generation of payments by enabling businesses to originate, approve and issue payments in near real-time to consumers, employees and businesses. Their industry-leading intelligent platform transforms the complexity of payments into an economical, highly secure and fully transparent process that delivers the speed, security and control required by businesses and consumers. Headquartered in Bozeman, MT, Payouts Network enables businesses to streamline their payment processes across multiple industries, including travel, hospitality, insurance, financial institutions, large employers and more.

Read More

FINANCIAL MANAGEMENT, FINTECH

Fintech Start-Up Union Credit Selects William Mills Agency for Public Relations Services

Businesswire | April 24, 2023

William Mills Agency, the nation’s largest independent public relations and marketing firm specializing in the financial industry, has been selected by Union Credit for public relations services. The fintech startup is building a digital loan marketplace for credit unions to deliver credit-worthy consumers firm, one-click offers of credit in their everyday retail and financial experiences. William Mills Agency will drive a public relations strategy to increase brand awareness of the Union Credit name as well as to showcase the company’s first in the marketplace one-click consumer lending for new member prospects. Additionally, this strategy will drive visibility to potential new credit union members of this easy-to-use lending solution. “While credit unions traditionally have had a challenging time in acquiring new members, Union Credit allows them to better compete with fintechs and larger banks in the lending arena which in turn can help to increase new membership,” said Scott Mills, president, William Mills Agency. “We appreciate the opportunity to work with Union Credit to meet their goals and company benchmarks.” “We are thrilled to have William Mills Agency drive our public relations strategy,” said Dave Buerger, CEO, Union Credit. “Their deep knowledge and experience of working with financial technology companies is a huge asset for us and we look forward to collaborating with them as experts in this ecosystem.” About Union Credit Union Credit provides consumers with firm, one-click credit offers embedded within their daily activities. The marketplace helps credit unions break into new markets digitally with access to the front end of purchase and financing experiences. Merchants embedding Union Credit benefit from providing customers with local, competitive, and advantageous offers that are in the buyer’s best interest. Visit our website and follow us on LinkedIn to learn more. About William Mills Agency William Mills Agency is North America’s largest public relations and marketing firm serving the financial technology industry with an emphasis on fintech providers. The agency has established its reputation through the successful execution of media relations, marketing services and crisis communications programs. The company serves clients ranging in size from small start-ups to large, publicly traded companies. For more information, please visit www.williammills.com.

Read More