Kindcard is engaged in designing and taking to market safer more secure ways for business and consumers to transact as an alternative to cash, credit cards and checks
Kindcard signs LoI with Acepay. (Credit: rupixen.com on Unsplash)
Kindcard, Inc. (OTC Markets: KCRD) (“Kindcard” and the “Company”), an innovative FinTech and PayTech company which provides alternative “Closed-Loop” payments solutions to businesses across a wide variety of merchant verticals through its wholly owned subsidiary, Deb, Inc., today announced that it has entered into a Letter of Intent with Acepay, Inc. (a/k/a Open Transact) (“OpenTransact”) in connection with the Company’s potential acquisition of OpenTransact.
OpenTransact is a self-serve banking platform designed to support high-risk businesses, which prioritizes security, risk management, and compliance within industry regulations.
Michael Rosen, the Company’s CEO, stated, “We believe that today’s announcement represents a significant opportunity to enhance our revenue and IP tech stack, and offer secure, all-in-one software and payments-as-a-service options to high-risk merchants that are seeking to manage their consumer website shopping experience and provide secure stable payment processing at checkout.”
William Clark, OpenTransact’s founder and CEO, stated, “The opportunity to join forces with Kindcard represents an exciting potential new chapter for OpenTransact, with our shared vision to revolutionize the way we think about high-risk transactions, blending innovation within Kindcard’s visionary approach as an alternative payment provider.”
Source: Company Press Release