WaveCrest Teams Up with Home Trust to Bring Corporate Payments Solutions to Canada

FT. LAUDERDALE, Fla.Feb. 25, 2015 /PRNewswire/ — WaveCrest Group Limited, a multi-currency digital payments provider, announced today that it will expand its corporate and government payments solutions to Canada through an issuing relationship with Home Trust.

With this new agreement, Home Trust will become the official issuer of WaveCrest’s MyChoice and MyFare prepaid programs inCanada, which provide corporate payments solutions to businesses and governments.

The MyChoice card allows businesses to streamline commission, business, incentive, reimbursement and travel payments and control expenditures with enhanced convenience, flexibility, and security. WaveCrest’s MyFare card caters to transportation fleet owners who want a more secure and efficient way to pay their drivers.

“We are pleased to announce this relationship and to be able to provide alternative payments solutions to Canadian business and government entities,” said Martin Reid, Home Trust president. “Working with WaveCrest solidifies our commitment to Canadian enterprises of all sizes by giving them access to a trusted prepaid payments option.”

Benefits of a prepaid program for businesses and government agencies include:

  • Reduced payment costs: with fewer paper and postage expenses, and eliminates the cost of reissuing lost and stolen checks
  • Improved end-user experience and global capabilities: thanks to more timely payments regardless of the cardholder’s banking relationship, with funds available right away and in multiple currencies, and access to cash at more than 1 million ATMs
  • Web-based administration: easy to use website allows businesses to make funds available to payees within minutes of payment confirmation
  • Enhanced reporting and better compliance: businesses can track and manage expenses through a convenient online console

“We are excited to be teaming up with Home Trust to bring our corporate and government payments solutions to Canada,” said Miles Paschini, WaveCrest group president. “We know how important it is for enterprises to cater to their employees, vendors and suppliers and with the rapid changes in banking among millennials, we anticipate that more and more individuals will look for alternative solutions, including prepaid cards.”

About WaveCrest
WaveCrest provides award-winning digital payment solutions to corporations and governments worldwide. Programs include business-to-business payouts, employee, student and taxpayer disbursements, mobile wallets, prepaid cards, lottery payments, pre-defined and custom offerings. WaveCrest Holdings Limited in Europe is a regulated e-money issuer and a principal member of MasterCard and Visa EU. WaveCrest Payment Services of the Americas, Inc. is a FinCEN-registered prepaid access provider, and an issuer of Discover Network prepaid cards. Visit us at www.WaveCrest.gi.

About Home Capital and Home Trust
Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial. Licensed to conduct business across Canada, Home Trust has offices in OntarioAlbertaBritish ColumbiaNova ScotiaQuebec and Manitoba.

FOR ADDITIONAL INFORMATION:
Media Contact:
Tara Strazdas
(732) 275-7732
[email protected]

Gerald M. Soloway, CEO, or
Martin Reid, President
416-360-4663
www.homecapital.com 

WaveCrest Appoints John Racine as Executive Chairman

Ft. Lauderdale, FL – February 19, 2015 –

WaveCrest Group Limited, a global digital payments provider, today announced the appointment of payments industry veteran John Racine as Executive Chairman.

B.D. Goel, the company’s founder who led the company as Chairman and CEO since 2008, has stepped down. He is the architect of the WaveCrest platform strategy that has delivered a wide range of award-winning solutions known for payments innovation.

“B.D. brought the same vision and tireless drive to WaveCrest that was exemplified in his career in creating category leading Internet platforms for world-class companies,” said Paul Marshall, Managing Director of Vesuvius Ventures, representative of the largest shareholder in WaveCrest. “Ever since his family relocated to Silicon Valley last year, B.D. has been dividing his time between the company’s businesses in the U.S., Europe and India. His decision was the right one for B.D. and his family.”

Racine brings two decades of experience as an operator and adviser to payments and financial services companies. In addition to taking on duties as Executive Chairman, he is also an advisor and operating partner focused on payments and financial technology (fintech) at the Chicago-based private equity group, Skyline Global Partners. Previously, he was a partner or C-level executive at companies including SNL Financial, Altamont Partners and Certification Partners.

“As an advisor to the company since 2013 and a successful operator to many payments and fintech companies, John brings deep relationships and operational know-how to WaveCrest,” said Marshall. “With the full-scale operation of our platform, WaveCrest is poised for high growth and success in the expanding corporate and government disbursement business and we are extremely pleased to have John join us at this critical juncture. “

About WaveCrest

Wave Crest provides award-winning digital payment solutions to corporations and governments worldwide. Programs include business-to-business payouts, employee, student and taxpayer disbursements, mobile wallets, prepaid cards, lottery payments, pre-defined and custom offerings. WaveCrest Holdings Limited in Europe is a regulated e-money issuer and a principal member of MasterCard and Visa EU. WaveCrest Payment Services of the Americas, Inc. is a FinCEN-registered prepaid access provider, and an issuer of Discover Network prepaid cards. Visit us at http://www.WaveCrest.gi.

Contacts 

Media

Jennifer Tramontana

303-929-9636

[email protected]  

WaveCrest @ Samplecon 2015

WaveCrest is proud to be one of the sponsors at SampleCon 2015, held in New Orleans from January 12-14. SampleCon is a premier conference on survey sampling geared to senior-level executives. With over 250 attendees from all major survey firms around the world, it was a great opportunity for us to be a part of Industry thought leadership.

Samplecon2015_9

 

Sheryl Shewman, National sales director attended the conference on behalf of WaveCrest Group. With over 20 years of experience in payment technologies and Market survey industry, Sheryl is the right person to communicate our role and vision to transform payments in survey sampling industry.  We are greatly encouraged by industry response for our solutions and looking forward to develop some transformative partnerships. Industry interactions feed our thirst to continuously improve and evolve our solutions to match industry’s requirements and SampleCon has been a great stride in that direction. We have captured a few moments from the event for our memories.

To learn more about how we make global payments easy, please contact us at: [email protected]

Samplecon pic

Why You Can’t Afford Not to Modernize Your Payments Systems

Direct sales organizations (DSOs) have thousands of partners, vendors and sales people, and paying them can be complicated, time consuming and costly. If your organization is still paying by check or Automated Clearing House (ACH), you can’t afford not to modernize. Here’s why:

  • Every time you pay with a check there is the risk of loss and fraud.
  • Using an ACH is faster and more secure than checks, but is also more complex and expensive. When DSOs pay out a high volume of small amounts, costs add up.
  • Many vendors and independent contractors prefer flexible payment methods, which allow them to receive and spend funds from anywhere, and also reduce their reliance on banks.

As a solution, DSOs are turning to digital payments programs to save time and money.

When upgrading your program, asking the right questions will ensure that you end up with a solid solution that lets you get back to business. Five questions to ask a potential partner:

  1. How quickly can the program be implemented?
  2. How quickly does the cardholder receive funds and how user-friendly is the interface?
  3. How secure is the platform?
  4. How many systems need to be integrated and how easy is the process?
  5. How easy is it to manage multiple international agents/distributors using a single platform?

Above all, a modern program should be flexible and cater to your needs. To learn more about a payments program that might be the right fit for you, visit https://mychoicepreferred.com/