WaveCrest Appoints New Chief Technology and Security Officer


WaveCrest, a digital payment solutions provider for global corporations and governments, announced today that Steve Bishop has been named Chief Technology and Security Officer.

Driven by its MyChoice Corporate solution, WaveCrest enabled more than $1 billion of payment transactions in 2016 and the company expects its growth to accelerate as it ramps up investments business wide.

Bishop’s initial focus will be on ensuring that the company’s payments infrastructure—including its proprietary transaction authorization and fraud management engine—is enhanced to support the company’s anticipated volume growth. He will also be responsible for developing robust tools and controls to help both business partners and individuals better utilize and secure their accounts.

Bishop brings a proven track record for building technology solutions for the payment processing industry, including card issuing, acquiring, and bank-to-bank clearing services. His background in progressive compliance systems, risk management, loyalty systems, mobile and web technologies, and specialized payment and data processing for purpose-specific needs, makes Bishop perfectly suited to execute WaveCrest’s technology and security strategy.

In recent years, Bishop has provided advisory and consultancy services to boards and executives of several established companies and start-ups in both the payments and consumer-incentive loyalty market. In his capacity as an advisor and consultant, Bishop introduced new product strategies, designed and built technology platforms, performed business development and sales activities, and streamlined development and back office operations.

Prior to his consulting activities, Bishop served as Chief Information Officer at WaveCrest, Chief Technology Officer at FIS Prepaid Solutions and Chief Technology Officer at WildCard Systems. During his tenure at WildCard, Bishop designed and built one of the first open-loop prepaid processing platforms.

“I am delighted that Steve has re-joined us at a time when our focus is on the next stage of our growth,” says WaveCrest CEO Brent Almeida. “Steve’s deep knowledge and experience in this industry will be invaluable in guiding our technology teams to develop innovative fraud prevention tools.

“Steve’s expertise also enhances our team’s ability to develop robust systems that will support and protect our customers while ensuring platform stability through a period of transformational growth.”

Bishop’s enthusiasm for WaveCrest’s focus and commitment to continuously improving its customers’ experience and security made his decision to return easy.

“I am very excited about being involved in expanding on the opportunity,” Bishop says. “We will continue to focus on offering business partners an efficient and safe means of funds distribution through a wide variety of payment instruments and channels.

“This focus exemplifies the advancement of a valuable and vital need rarely provided in our industry, both regionally and globally.”

Read the PR Web article here

WaveCrest is moving to the World Trade Center (Gibraltar)

We are delighted to share the news that WaveCrest is moving to the World Trade Center (Gibraltar)




WaveCrest Enhances US Products with the Fuel Rewards Program

Ft Lauderdale, FL March 30, 2016 – WaveCrest Group Limited digital payments provider has announced that it will enhance its MyFare and MyChoice prepaid card programs with Fuel Rewards Network powered by MasterCard

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WaveCrest Grows its U.S. and European Operations

Ft Lauderdale, FL January 29, 2016 – WaveCrest Group Limited a global digital payments provider, announces its expanding operations in the U.S. and Europe, as well as two key appointments.

Robert Pincus has been named Chief Operating Officer (COO) and will oversee WaveCrest’s global operations including product management, operations and development services.

Nitin Agarwal has been named Vice President of Business Development and Marketing in Europe and Asia.

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WaveCrest Talks Taxi FinTech Innovation

Technology has changed the taxi industry so dramatically that it’s now questionable whether traditional cab services can avoid extinction. If it’s going to survive, the traditional taxi industry may need an overhaul from the ground-up, FinTech style.

That’s where WaveCrest comes in. The corporate payments company offers the taxi industry its MyFare Visa Prepaid Card, and its latest features aim to solve some of the most basic, but deep-rooted, problems in this sector.

Read this article to know more

WaveCrest Adds Exclusive Payments Feature to the MyFare Prepaid Card Program

Ft Lauderdale, FL January 29, 2016 – WaveCrest Group Limited announces new enhancements to the MyFare Prepaid Card for taxi fleet and for-hire drivers to simplify management of all their fleet-related payments with one secure card account.
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Finalist in Best Prepaid Product of the Year Award in TCPA 2016

WaveCrest’s product MyChoiceCorporate is shortlisted as a finalist for Best Prepaid Product of the Year in the Card and Payment Awards (TCPA) 2016.

The Card & Payments Awards recognize excellence and innovation in the UK and Irish card and payments industries.

WaveCrest now compete with other finalists to win in this category. It’s a proud moment for WaveCrest.

Thanks to all our clients, partners and employees for making this happen.

See the TCPA finalists here


WaveCrest Teams Up With All Star Global Technologies To Bring a Prepaid Card For All Baseball Fans

Ft Lauderdale, FL November 18, 2015 – WaveCrest Group Limited, a multi-currency digital payments provider teams up with All Stars Global Technologies to bring the True Stars Fan Club Visa® prepaid card – a reloadable prepaid Card specially tailored to Baseball fans.
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WaveCrest Secures $14 Million Investment; Names Brent Almeida as Chief Executive Officer

LAUDERDALE, FL and GIBRALTAR – October 19, 2015 – WaveCrest Group, a global corporate payments provider, today announced the promotion of industry veteran Brent Almeida to chief executive officer and a $14M investment by Vesuvius Ventures, the company’s controlling shareholder, pending final shareholder approval. Almeida will join the WaveCrest board of directors and oversee all aspects of WaveCrest’s operations and platform strategy that has delivered a wide range of award-winning solutions.

“Brent’s deep payments industry expertise and experience with WaveCrest – since its formation as CFO and most recently COO – positions him well for his new role,” said John Racine, chairman of WaveCrest. “His strong financial, operational, and strategic experience will continue to propel WaveCrest as a leader and innovator in the global payments industry.”


“As part of the WaveCrest leadership for more than five years, I’m pleased to see our team through the next step in our strategic evolution,” said Almeida. “WaveCrest has an exciting opportunity to grow, as we expand our presence in cross-border payment solutions and specialized corporate payments markets.”


With this transition, John Racine will continue as chairman guiding WaveCrest’s various strategic partnership and M&A initiatives.


The $14 million Series E funding will support new investment in WaveCrest’s award-winning payments platform.


“Vesuvius’s investment supports WaveCrest’s global corporate payments strategy, and strengthens its commitment to fund the company as it executes its growth plan,” said Paul Marshall, managing director of Vesuvius Ventures and WaveCrest director.


About WaveCrest

WaveCrest provides award-winning payment solutions to corporations and governments worldwide, focusing on specialized corporate payments markets and cross-border remittances. 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.


Media Contact:

Jennifer Tramontana


[email protected]

Providing Payment Services in Europe? Companies Must Navigate Two Layers of Regulatory Control

Delivering payments services in the EU can be a great opportunity, but the regulatory landscape is complex.

A business that decides to become incorporated in the European Economic Area (EEA) to provide payment services or issue e-money in and across EU member states must navigate at least two layers of regulatory control.

Wave Crest’s general counsel and chief compliance officer, David Wilford, and well-known international law firm, Locke Lord, collaborated on an article about the complexities of operating a payments services or e-money business in the EU. While there are significant opportunities, it’s important to work with an expert who understands the ever-changing European and national legislation and how they are implemented in each member state where consumers or clients use your products.

Click here to read the full article on Paybefore.com.