FT. LAUDERDALE, Fla.,
Feb. 25, 2015 /PRNewswire/ -- Wave
Crest Group Limited, a multi-currency digital payments provider,
announced today that it will expand its corporate and government
payments solutions to Canada
through an issuing relationship with Home Trust.
With this new agreement, Home Trust will become the official
issuer of Wave Crest's MyChoice and MyFare prepaid programs in
Canada, which provide corporate
payments solutions to businesses and governments.
The MyChoice card allows businesses to streamline commission,
business, incentive, reimbursement and travel payments and control
expenditures with enhanced convenience, flexibility, and security.
Wave Crest's MyFare card caters to transportation fleet owners who
want a more secure and efficient way to pay their drivers.
"We are pleased to announce this relationship and to be able to
provide alternative payments solutions to Canadian business and
government entities," said Martin
Reid, Home Trust president. "Working with Wave Crest
solidifies our commitment to Canadian enterprises of all sizes by
giving them access to a trusted prepaid payments option."
Benefits of a prepaid program for businesses and government
agencies include:
- Reduced payment costs: with fewer paper and postage expenses,
and eliminates the cost of reissuing lost and stolen checks
- Improved end-user experience and global capabilities: thanks to
more timely payments regardless of the cardholder's banking
relationship, with funds available right away and in multiple
currencies, and access to cash at more than 1 million ATMs
- Web-based administration: easy to use website allows businesses
to make funds available to payees within minutes of payment
confirmation
- Enhanced reporting and better compliance: businesses can track
and manage expenses through a convenient online console
"We are excited to be teaming up with Home Trust to bring our
corporate and government payments solutions to Canada," said Miles
Paschini, Wave Crest group president. "We know how important
it is for enterprises to cater to their employees, vendors and
suppliers and with the rapid changes in banking among millennials,
we anticipate that more and more individuals will look for
alternative solutions, including prepaid cards."
About Wave Crest
Wave Crest provides award-winning
digital payment solutions to corporations and governments
worldwide. Programs include business-to-business payouts, employee,
student and taxpayer disbursements, mobile wallets, prepaid cards,
lottery payments, pre-defined and custom offerings. Wave Crest
Holdings Limited in Europe is a
regulated e-money issuer and a principal member of MasterCard and
Visa EU. Wave Crest 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.gi.
About Home Capital and Home Trust
Home Capital Group
Inc. is a public company, traded on the Toronto Stock Exchange
(HCG), operating through its principal subsidiary, Home Trust
Company. Home Trust is a federally regulated trust company offering
residential and non-residential mortgage lending, securitization of
insured residential first mortgage products, consumer lending and
credit card services. In addition, Home Trust offers deposits via
brokers and financial planners, and through its direct to consumer
deposit brand, Oaken Financial. Licensed to conduct business across
Canada, Home Trust has offices in
Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
FOR ADDITIONAL INFORMATION:
Media Contact:
Tara Strazdas
(732) 275-7732
tara@fletchergroupllc.com
Gerald M. Soloway, CEO, or
Martin Reid, President
416-360-4663
www.homecapital.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/wave-crest-teams-up-with-home-trust-to-bring-corporate-payments-solutions-to-canada-300041056.html
SOURCE Wave Crest Group Limited