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Softgate Systems
United States
1993 (32 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 Softgate Systems
Company Information
Get to know Softgate Systems
Softgate Systems has transformed the payments industry with the Retail Payments Exchange—the only open exchange connecting ISOs, integrated partners, service providers, merchants, retailers, and billers to leading services and technologies that meet the needs of the cash-preferred consumer base. Softgate also operates one of the largest national networks of independent neighborhood-based payment centers in the country, providing reliable bill payment and prepaid services to cash-preferred customers through the PayXchange service. Softgate Systems is the former IPP of America, which was established in 1993. In November 2009, IPP purchased Softgate Systems, Inc, an aggregator of prepaid services, and in 2010 evolved the corporate identity to Softgate Systems, marking the advancement of product offerings—bill payment, prepaid services, and international services.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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