LAS VEGAS, June 14, 2017 (GLOBE NEWSWIRE) -- Today WealthIntel and TAS Group (Italian Stock Exchange: TAS.MI) announced their execution of a Letter of Intent to join in the development of W$T's proprietary payment platform and TAS becoming strategic partner of W$T in card solutions and payment systems.
TAS, through its subsidiary in the United States, plans to develop and assist WealthIntel in the implementation of its proprietary Intelligent System Method of Payment Finance and Social Commerce named W$T and integrate it, with all required certifications, with other disruptive technology components of W$T’s groundbreaking system. Final negotiations are in progress and a complete contract is anticipated by both parties to be finalized during the summer.
"WealthIntel aims to craft and establish a pioneering payment and finance method acceptable to the public at large," said Fabrizio Boccardi, CEO and Chairman of WealthIntel. “We are excited about the prospect to develop with TAS our innovative and proprietary payment platform.”
“TAS has been an innovator and a key player in the international Financial and Payments industries for 30 years," said Dario Pardi, Chairman of TAS Group. “We are keen to support and be part of WealthIntel’s plans to bring to consumers a new and disruptive payment method through our state of the art technologies, such as Cashless 3.0™ Card Management products, and our proven expertise.”
WealthIntel has trademarked and renamed its payment method W$T adding it to its roster of Trademarks.
Legion Capital America, LLC, controlled by Investor Fabrizio Boccardi, is providing capital to WealthIntel through the first closing of its A Round Private Placement Offering
About WealthIntel, Inc.
WealthIntel, Inc. is a United States development stage technology company that designs and develops software and sells consumer products and services in the payment, finance, banking, e-commerce and m-commerce sectors.
About TAS Group
TAS Group delivers software solutions for electronic money, payment systems, capital markets and ERP. Our offices span 7 countries but our secure solutions manage financial transactions worldwide. We strive to simplify the way private enterprise, public sector, commercial and central banks interact with their customers, stakeholders and technology systems. Our highly experienced team of business analysts and software engineers are focused on rethinking, reimagining and revolutionizing commercial business processes for digital and mobile integration.
Trusted by European Central Banks to manage millions of financial messages each day, our 30-year reputation in the market and outstanding SWIFT expertise has made us an internationally preferred partner in the financial industry. TAS Group securities software is leading the way for Target2-Securities regulations in Europe while our 12 years of experience in EMV card payments is helping US businesses and institutions implement smooth migrations. Today, over 100 million chip cards are managed on TAS solutions.