PayServices

Timeline

2021

In February 2021, PayServices submitted an application for a Digital Banking License with the Florida Office of Financial Regulation to convert its existing Money Transmitter license. At the time, PayServices was the first ever entity to submit an application for a bank charter in the State of Florida for a commercial bank without a single physical branch.

JEP, the second largest cooperative in Latin America expressed its interest to engage with PayServices for its unique technology solving the compliance hurdles with correspondent banking.

The governments of Ivory Coast, Guinea-Conakry, Sierra Leone, Nigeria and Namibia began to engage with PayServices to learn and begin establishment proceedings for PayServices' unique technology solving compliance hurdles in correspondent banking and inviting PayServices to establish a branch to launch its end-to-end platform of commerce.

2020

PayServices tested for the first time in the real production market its end-to-end platform of trading & exchange for commerce.

This was made possible after that PayServices combined its electronic documents system with the inventory management and the charts of accounts data to bring to life its advanced relational supply chain platform allowing full traceability of all the metadata and all the parties to a transaction.

PayServices real-time charts of accounts was further improved with even more powerful tools for real-time audit-ability and support for the United Nations' Sustainable Development Goals (SDG). PayServices was the first company ever to launch a SDG financial accounting ledger similar to IFRS and US GAAP.

Several meetings held with the central Bank of England ("BoE") to learn the feasibility to establish a Digital Pound CBDC powered by PayServices' Financial Technology (FinTECH) advanced core banking and tools.

In November 2020, the government of Ivory Coast invited PayServices for a roundtable meeting to receive a demo of the platform and discuss implementation steps to become the first country in West Africa to engage with PayServices.

2019

The governments of Zimbabwe and the Democratic Republic of the Congo invited PayServices' team to learn about the feasibilities of establishing their first international platforms of trading & exchange powered by PayServices' technology.

PayServices launched the first version of its Electronic Documents Interchange (EDI) and Enterprise Resource Planning (ERP) platform with a unique and very powerful relational and real-time charts of accounts system to publish financial statements and accounting data in real-time.

PayServices launched its relational inventory management platform and e-commerce tools.

2018

PayServices refocused its development resources to bring an updated and new end-to-end technological platform for commerce solving many of the complex compliance processes encountered in local and international trading of commodities, goods and services.

2017

PayServices successfully launched its SmartCity platform allowing to offer in one app what 10+ different apps do in a given neighbourhood. Services range from utilities payments, finding local points of interests, checking bus and train schedules, buying tickets for local events, and a lot more!

PayServices was invited to showcase at eMerge Americas 2017 in the Miami Beach Convention Center.

2016

In March of 2016, PayServices' application for a Money Services Business license (#FT230000158) was approved by the Florida Office of Financial Regulation.

PayServices started integrating open data for its SmartCity platform.

2015

PayServices released the first iteration of its mobile app for iOS, Android, Windows Phone and Blackberry.

PayServices tested the first CBDC (Central Bank Digital Currency) ever called the "Euro Drachma". Ongoing talks with the government of Greece to establish a new monetary system "overnight" should the country abandon the Euro as a currency.

In September 2015, PayServices applied with the Florida Office of Financial Regulation for a Money Services Business (MSB) license. At the time, PayServices was the first and only company ever to submit an application for a MSB license in the State of Florida with AML / KYC processes entirely done digitally through a mobile app.

2014

PayServices launched the first version of its Secure Browser with EMV and BEID card reader support for advanced applications for Apple MAC and Microsoft Windows computers.

2013

PayServices successfully certified its payment processing core for Payment Card Industry Data Security Standards (PCI-DSS) Level I.

2012

PayServices, Inc. was incorporated in the United States.

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