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Netcents Systems
Canada
01 Mar 2006 (19 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Netcents Systems
Company Information
Get to know Netcents Systems
NetCents Systems Ltd. (NetCents) is an operational enhanced electronic Payment Service Provider (or “PSP”) with industry leading capabilities that benefit both merchants and consumers. The system is designed to exploit existing inadequacies in the PSP market space as well as transition towards the future as it has the capability to handle traditional cash based transactions and digital (crypto) currency based ones. The Netcents platform is not credit card based and is integrated into the bank’s Automatic Clearing House (ACH) system. It has agreements in place with major North American banks. It is 100% secure against Credit Card fraud and ID Theft and offers merchants greatly reduced transaction costs. Simply put, NetCents is a superior way to buy, sell, send money and transact online, in store or via a mobile device. NetCents Addresses inadequacies in the current PSP market place by eliminating Credit Card Fraud and ID Theft, allows consumers who do not have access to credit cards or choose not to use them to shop or transfer funds online and eliminates high transactions costs for consumers and merchants. The NetCents platform will also facilitate non-cash based transactions as it is currently being integrated into the Bitcoin exchange system. NetCents users will be able to simultaneously see their cash balances as well as the balances of the digital currency of preference. Users will be able to purchase goods and services online using either cash or Bitcoins for payment. In addition, as part of the API integration, the NetCents platform will be integrated into Cash/Bitcoin ATM’s. Netcents will also be integrated with an Air Miles exchange enabling users to purchase good & services with either, cash, cyber-currencies or Air Miles.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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