payments

  • Lawrence Lewis posted an article
    The OneFeather wallet will make essential financial services readily available to Indigenous people. see more

    VICTORIA, CANADA, JULY 22, 2019

    OneFeather based out of Victoria, Canada and BlocPal International Inc. (“BlocPal”), with headquarters in Vancouver, Canada, are pleased to announce their strategic partnership to jointly develop and release the OneFeather digital wallet app for First Nations members across North America. The new wallet, to be launched later this year, will provide never before available digital financial services as well as important administrative and governance functions designed specifically for Indigenous peoples, communities and governments in both Canada and the United States.

    The OneFeather wallet will make essential financial services readily available to Indigenous people. Services will include deposits/withdrawals of Canadian and US dollars, sending/receiving money, credit card access, and direct utilities payment and never before realized access to financial resources, capital, wealth and security. In addition, the wallet will integrate OneFeather’s existing digital services for Status Card renewal, soon to be released GST rebates solution and its flagship suite of digital governance solutions like electronic voting and community engagement.

    Lawrence Lewis (“Klah-Lees” – We Wai Kai Nation), the founder of OneFeather, stated, “OneFeather is very excited to be working with BlocPal. There are over 2.2 million Indigenous people in Canada alone - First Nations, Metis and Inuit peoples - and we are excited to impact the lives of indigenous peoples through their smartphone with easy access to these essential financial services. We believe today’s technology can empower and prosper our people, and this partnership with BlocPal is an excellent example of how we can accomplish this. OneFeather is leading disruption of “Indian Act” governance, reporting and administration through a First Nation vision of modern digital systems and solutions that better represent and respect Aboriginal sovereignty, values and principles. OneFeather’s purpose is ultimately to return resources and wealth presently being drained by antiquated systems and regimes directly back to First Nations and their members. OneFeather is a First Nation technology company, and the only company building these new modern solutions for First Nation in Canada.”

    Thanks to the BlocPal technology, the OneFeather wallet will include a digital rewards currency called the OneFeather token. The OneFeather token will be used to provide incentives based on wallet usage and create a generous program to give back directly to Indigenous people and their families. The OneFeather token will be the genesis of a truly Indigenous endowment – designed specifically for the benefit and wealth of individual Indigenous people that can be used, shared and managed directly from their OneFeather wallet.

    “Seeing our technology benefit First Nations members is something we are especially proud of,” commented Nick Mellios, CEO of BlocPal. “We believe that blockchain technology combined with financial services can improve the lives of people around the world, and where better to start than in our own back yard? We’re honored to be partnering with a market leader like OneFeather.”

    About OneFeather

    Since 2015, OneFeather has on-boarded more than 140 First Nations across Canada that actively participate in electronic voting, vote management, member registrar management, and its community engagement suite of service technologies. OneFeather has more than 140,000 First Nations peoples within its database of users and growing month over month. OneFeather’s core purpose is to redefine the Indigenous experience through innovation and technology. For more info, visit https://www.onefeather.ca

    About BlocPal International Inc.

    BlocPal’s vision is to provide the world a simple, fast, and secure digital transaction platform that allows anyone to transact in their currency or asset of choice. A leader in the emerging digital economy, BlocPal empowers consumers, merchants, and enterprise customers to participate now in this digital economy which includes cryptocurrency. At the core of BlocPal’s service is its decentralized blockchain transaction technology, which enables any currency or asset to be digitally signed and traded while complying with financial regulations.

    With its suite of applications, BlocPal’s ecosystem supports a range of solutions for point-of-sale, ecommerce, white label enterprise solutions, loyalty rewards, financial network integrations and robust consumer digital wallets.

    For further information, please contact:

    OneFeather Lawrence Lewis, CEO & Founder lawrence@onefeather.ca

    BlocPal International Mike Edwards, President of Global Sales info@blocpal.com

    Investors are cautioned that actual results may differ substantially from the forward-looking statements contained in this press release. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of a FinTech related business. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

  • Nicole Stright posted an article
    A BC company has become the North American lead for a world-wide company shaking up online payments see more

    A B.C. company has become the North American lead for a world-wide company shaking up the global online payments system.

    Beanstream, which launched in 2000 to offer then-new online payments, enables businesses – from the smallest to the biggest – to receive and make payments online, in-store and in-app. It boasts the largest payment suite in an industry that grown with the explosion of web buying.

    Founded by Victoria technology entrepreneur and former armed forces officer Craig Thomson, who left the company late last year, Beanstream has retained its name, despite being acquired multiple times by ever-larger companies. It has been private, then public and then private again.

    It began with 20 employees and today has 70, and some 700 integrated partners who use its system.

    Its main area of business has been in Canada and the U.S., starting as a facilitator of online donations to charity and payments to software providers, which meant it facilitated cross-border online commerce. As an early entry in a new field, it grew – at first by white labelling with established payment systems providers, and then by itself with the market, which today is threatening to unseat traditional payment methods.

    Its newest owner, Bambora, has a vision to make it the centre of online payments processing for North America. It also expects a strong branding effort and robust sales process will lure tens of thousands of North American businesses to move from traditional bank-operated and paper-based payment systems.

    So, in May, Beanstream will change its name to Bambora to reflect its new role as one of a group of four worldwide online payments facilitators. Bambora retained Beanstream’s name throughout the transition because it had a strong presence in Canada and the U.S, said Ryan Stewart, Beanstream’s chief commercial officer.

    “Beanstream was one of the first gateway payments in Canada, and people couldn’t understand what we were doing, couldn’t believe we would last,” Stewart said. “We serve small-to-medium businesses and we are agnostic to systems so can work with most companies. And we have added services along the way: For example, three years ago, we started offering online applications for merchants – before they were done with paper, which was cumbersome. Now we have extended that to other areas.”

    The company’s entrepreneurial outlook and methodology made it a good candidate for Bambora’s plans to “change the payments game,” Bambora CEO Johan Tjarnberg said in a phone interview from Sweden.

    Bambora’s goal is to foster a “new world of commerce” that appeals to digital natives wanting online financial transactions rather than traditional bank or credit-card-based systems.

    To that end, it has been rapidly assembling entrepreneurial payment-processing companies. Begun in Stockholm in 2015, it now processes over US$47 billion per year.

    “Since we started with the purpose of changing the game, we identified Beanstream early,” Tjarnberg said. “We contacted them in 2014 and started talks the next year. We began integrating right away, but let the rebranding wait until now.”

    Bambora’s rollout is moving at breakneck speed. Earning 200 million Euros last year, it already employs 700 people in seven countries and provides payment processing to some 100,000 merchants, with 3,000 added every month, and has 10,000 partnerships with banks.

    “Last year was a big year for us,” Tjarnberg added. “Now we’re moving to leverage our positions in their markets, hoping to facilitate cross-border payments, and looking at getting into the mobile space.”

     

    Original Article on the Financial Post http://business.financialpost.com/entrepreneur/growth-strategies/0424-biz-tw-wanless

     

    Written by Tony Wanless  -  a business writer and founder of Knowpreneur Consultants, which advises entrepreneurial businesses.