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.

Read this article to know more

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

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

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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

303-929-9636

jennifer@fletchergroupllc.com

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.

WaveCrest Announces Expansion of Tax Client Portfolio

FT. LAUDERDALE, Fla., April 14, 2015 /PRNewswire/ — WaveCrest Group Limited, a multi-currency digital payments provider, today announced it will provide a prepaid debit card solution to tax refund services provider Refund Advantage for tax preparers and electronic return originators (EROs) preparing tax refunds this tax season. WaveCrest’s award-winning MyChoice Prepaid Tax Refund program is the perfect addition to Refund Advantage’s suite of offerings that make tax filing more convenient for tax preparers, EROs and their clients.

According to the IRS, more than 66 million individual income tax returns have already been filed this year, and approximately 60 percent of all individual tax returns are filed by tax preparers who are managing large volumes of returns.

“The MyChoice Prepaid Tax Refund program is a convenient alternative to check refunds,” said WaveCrest chief revenue officer, Miles Paschini. “By seamlessly fulfilling client refunds directly onto prepaid cards, WaveCrest streamlines and simplifies the hectic tax season, saving preparers and EROs time and money.”

Benefits of the MyChoice Prepaid Tax Program to tax preparers include:

  • Easy and quick integration
  • Choice of program – standard, custom or white labeled
  • Choice of card types – Instant Issue or personalized cards
  • Time savings – The taxpayer can link their card account to their tax return right at the time of filing. This ensures that the payment goes directly to the taxpayer’s MyChoice card account. The tax preparer can reallocate time previously spent managing checks, as the refund becomes an automated process.
  • Enhanced customer loyalty – With the seamless and automated tax refund disbursement process, taxpayers receive their refund on their cards. They can use their card anywhere Visa cards are accepted, including at ATMs worldwide and have the option of reloading their cards.

About WaveCrest
WaveCrest provides award-winning digital payment solutions to corporations and governments worldwide. Programs include business-to-business payments, 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.gor follow us on Twitter or LinkedIn.

Media Contact
Tara Strazdas
732-275-7732
Tara@fletchergroupllc.com