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SwipeSum
United States
14 Jun 2016 (9 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 SwipeSum
Company Information
Get to know SwipeSum
SwipeSum is a technology aimed at reducing credit card and debit card processing fees for companies. The fees associated with accepting card payments are US business owners’ second-highest operating expense behind labor, a $70 billion burden annually. Payments are very complicated, making it difficult for businesses to find the best fit for their unique business, not to mention the headache that comes with negotiating terms. SwipeSum is an extension of any business's product and financial team, we’re payments consultants leveraging proprietary software to optimize payments. We are your Chief Payments Officer For Businesses: At no cost to the business, SwipeSum will eliminate most fees associated with payments or turn them into a lucrative revenue stream. We do this by leveraging our proprietary technology and expertise. In 2019 we advised over $8B in processing volume. We are very transparent that we receive earn our revenue as a recurring finders fee from any and all payments companies that we refer. For Payment Facilitators or Integrated Software Vendors If your software needs integrated payments, that is our specialty. With the advancement of payments technologies, product improvement is our focus. SwipeSum also leverages strength in numbers to get all software vendors the most lucrative partnership agreements. For Financial Institutions The secret sauce behind our consultation platform is our AI-powered statement reading technology, named Staitment. We license this software to banks, processing companies, point-of-sale dealers, and anyone that analyses processing statements to create cost-comparison sales proposals. Our software accelerates the typical creation of a cost-comparison to minutes, compared to weeks.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Technology Software Development
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