PayTechs | FinTelegram News

Category: PayTechs

February 23, 2021

Regulator warns against BridgerPay scam client The Forex Premium

Bridger AI Ltd is an unregulated PayTech and, therefore, apparently moves feels free to accept scam merchants without too much concern. Just recently, Cohen hired Nati Harpaz, a big name, as an additional Executive Director. One would expect legitimacy there. However, BridgerPay has come up more frequently as a payment facilitator of scams regulators warn against. So it facilitates The Forex Premium (www.4xpremium.com) operated by Premium Finance Solutions Ltd.

February 10, 2021

iPayTotal cooperates with FCA-regulated Global Payments to facilitate scams

In our research on the Financial Resident broker scam, we identified iPayTotal as one of the payment facilitators. However, when processing deposits via iPayTotal, visitors are redirected to Global Payments (www.globalpay.com), a payment processor licensed by the UK FCA. iPayTotal is one of the most notorious high-payment processors in the scammer scene. Many scammers complain that they were ripped off by iPayTotal and that funds were not transferred to them anymore. In this respect, the cooperation with a regulated FCA entity is somewhat surprising.

January 25, 2021

TransferWise appoints Goldman Sachs and Morgan Stanley for blockbuster IPO in London

TransferWise prepared for a blockbuster IPO and appointed the two Wall Street giants Goldman Sachs and Morgan Stanley as joint coordinators, Sky News reported last week. The surprising thing here is the decision in favor of a listing in London and against New York. This is certainly an important milestone for London to remain Europe's most important financial center after Brexit. The valuation for the IPO is expected to exceed $5 billion. And hey, they are profitable!

December 23, 2020

FinTech Review – High-risk payment processor Jeton

Jeton is operated by FCA-regulated agent La Orange Limited together with its FCA-regulated principal Financial House Limited. The payment service should be offered online via the website www.jeton.com as well as via the Jeton Wallet. Jeton offers its payment services to individuals and businesses (merchants). This is supposed to be done in a matter of minutes. The fact is that after more than a week, we still have no verification. According to their support, Brexit is to blame.

December 19, 2020

Praxis Cashier plans to help brokers to raise client-victims deposits up to 20%

An estimated 6-7 out of 10 broker scams use Amit Klatchko's unregulated Praxis Cashier Systems Ltd (d/b/a Praxis Cashier) as a payment processor to process customer deposits. This gives Praxis Cashier the leading market position in the scam segment. With the integration of the broker CurrentDesk, Praxis Cashier aims to be able to increase deposits from "traders" (aka victims) by up to 20% again. This is totally bad news!

December 17, 2020

PXP Financial and MoneyNetInt cooperate for cross-border payments

Regulated by the FCA with reference No 504318, PXP Financial Limited as an Authorized Payment Institution was originally founded as Kalixa Accept Limited by Austria's Bwin. Following the acquisition of Bwin by public-listed GVC Holdings PLC, Kalixa was sold to Senjo Group for €29 million in late 2019 and renamed PXP Financial. The company recently announced its cooperation with FCA-regulated MoneyNetInt Group. Senjo Group was one of the largest - and, according to the Financial Times (FT), most opaque - partners of the collapsed Wirecard.

December 15, 2020

R4I – High-risk payment processor EU Paymentz and its US operator

The U.S. citizen Chris Ortega from Austin, Texas, registered the domain www.eupaymentz.com back in 2015. According to Ortega's LinkedIn profile, he has been the director and owner of the Delaware company EU Paymentz, LLC since January 2020. However, on the payment processor's website, Sofia, Bulgaria, is presented as the registered office address. There Ortega has also registered Bitronum Ltd. He also owns JC Velecom, LCC, another Delaware company with connections to Serbia and Eastern Europe. We would like to learn more.

December 15, 2020

R4I – High-risk payment processor EU Paymentz and its US operator

December 11, 2020

Problems at Octapay – European director was fired for alleged misconduct

Troubles at high-risk payment processor Octapay which is allegedly conntected to iPayTotal through Vishal Coodye and its Rashal International LLC. Yesterdy, Octapay announced that its European CEO Christian V. was fired on accusations of an extensive list of serious malicious activities. We would like to learn more about Octapay and its activities.

December 11, 2020

Problems at Octapay – European director was fired for alleged misconduct

PayTechs
R4I

December 8, 2020

R4I – Let us know more about the High-Risk Payment Processor Octapay and iPayTotal

Octapay Limited was founded on 16 September 2020. According to UK Companies House, the sole director and beneficial owner is Madhumita Singh. The company acts as a payment processor for high-risk merchants in gaming, crypto and forex operating the websites www.octapay.fund. And it seems to be related to iPayTotal.

PayTechs
R4I

December 8, 2020