GBank Financial Holdings Inc. Expands Payment Services Through Strategic Partnerships
4 Sources
4 Sources
[1]
GBank Financial Holdings Inc. is Pleased to Share the Press Release of BankCard Services, LLC (BCS), Announcing the Execution of a Sponsorship and Designation Agreement for Real Time Payments (RTP) Be By Investing.com
, /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to share the press release by BankCard Services, LLC ("BCS"), a technology company that enables financial institutions to participate in cashless gaming, announcing the execution of a Sponsorship and Designation Agreement for Real Time Payments between GBank, BCS, and Trice Technologies, Inc. The full press release from BankCard Services, LLC, and Trice Technologies, Inc. can be found here: BankCard Services, LLC (BCS) Announces the Execution of a Sponsorship and Designation Agreement for Real Time Payments (RTP) between BCS, GBank, and Trice Technologies, Inc. Click here to learn more about Trice Technologies, Inc. Cautionary Notice Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding certain of the Company's goals and expectations with respect to future events that are subject to various risks and uncertainties, and statements preceded by, followed by, or that include the words "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions. These statements are based upon the current belief and expectations of the Company's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include, but are not limited to: the impact on us or our customers of a decline in general economic conditions and any regulatory responses thereto; potential recession in and our market areas; the impacts related to or resulting from bank failures and any continuation of uncertainty in the banking industry, including the associated impact to the Company and other financial institutions of any regulatory changes or other mitigation efforts taken by government agencies in response thereto; increased competition for deposits and related changes in deposit customer behavior; the impact of changes in market interest rates, whether due to continued elevated interest rates or potential reductions in interest rates and a resulting decline in net interest income; the persistence of the inflationary pressures, or the resurgence of elevated levels of inflation, in and our market areas; the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; effects of declines in housing prices in and our market areas; increases in unemployment rates in and our market areas; declines in commercial real estate values and prices; uncertainty regarding fiscal debt and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events; regulatory considerations; our ability to recognize the expected benefits and synergies of our completed acquisitions; the maintenance and development of well-established and valued client relationships and referral source relationships; acquisition or loss of key production personnel; changes in tax laws; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; potential increased regulatory requirements and costs related to the transition and physical impacts of climate change; and current or future litigation, regulatory examinations or other legal and/or regulatory actions. These forward-looking statements are based on current information and/or management's good faith belief as to future events. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that the future events, plans or expectations contemplated by the Company will be achieved. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The forward-looking statements are made as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement.
[2]
GBank Financial Holdings Inc. is Pleased to Share the Press Release of BankCard Services, LLC, Announcing the Welcoming of MassPay as a New PPA Client By Investing.com
, /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to share the press release of BankCard Services, LLC ("BCS"). BCS, a technology company specializing in enabling financial institutions to participate in cashless gaming, announced the welcoming of MassPay as a New PPA Client. GBank, along with its Gaming FinTech Division, proudly joins BCS in welcoming MassPay to our mutual client network. Cautionary Notice Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding certain of the Company's goals and expectations with respect to future events that are subject to various risks and uncertainties, and statements preceded by, followed by, or that include the words "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions. These statements are based upon the current belief and expectations of the Company's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include, but are not limited to: the impact on us or our customers of a decline in general economic conditions and any regulatory responses thereto; potential recession in and our market areas; the impacts related to or resulting from bank failures and any continuation of uncertainty in the banking industry, including the associated impact to the Company and other financial institutions of any regulatory changes or other mitigation efforts taken by government agencies in response thereto; increased competition for deposits and related changes in deposit customer behavior; the impact of changes in market interest rates, whether due to continued elevated interest rates or potential reductions in interest rates and a resulting decline in net interest income; the persistence of the inflationary pressures, or the resurgence of elevated levels of inflation, in and our market areas; the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; effects of declines in housing prices in and our market areas; increases in unemployment rates in and our market areas; declines in commercial real estate values and prices; uncertainty regarding fiscal debt and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events; regulatory considerations; our ability to recognize the expected benefits and synergies of our completed acquisitions; the maintenance and development of well-established and valued client relationships and referral source relationships; acquisition or loss of key production personnel; changes in tax laws; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; potential increased regulatory requirements and costs related to the transition and physical impacts of climate change; and current or future litigation, regulatory examinations or other legal and/or regulatory actions. These forward-looking statements are based on current information and/or management's good faith belief as to future events. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that the future events, plans or expectations contemplated by the Company will be achieved. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The forward-looking statements are made as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement.
[3]
GBank Financial Holdings Inc. is Pleased to Share the Press Release of BankCard Services, LLC (BCS), Announcing the Execution of a Sponsorship and Designation Agreement for Real Time Payments (RTP) Between GBank, BCS, and Trice Technologies, Inc. - GBank Finl Hldgs (OTC:GBFH)
GBank Financial Holdings Inc. is Pleased to Share the Press Release of BankCard Services, LLC (BCS), Announcing the Execution of a Sponsorship and Designation Agreement for Real Time Payments (RTP) Between GBank, BCS, and Trice Technologies, Inc. LAS VEGAS, July 31, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") GBFH, the parent company for GBank (the "Bank"), is pleased to share the press release by BankCard Services, LLC ("BCS"), a technology company that enables financial institutions to participate in cashless gaming, announcing the execution of a Sponsorship and Designation Agreement for Real Time Payments between GBank, BCS, and Trice Technologies, Inc. The full press release from BankCard Services, LLC, and Trice Technologies, Inc. can be found here: BankCard Services, LLC (BCS) Announces the Execution of a Sponsorship and Designation Agreement for Real Time Payments (RTP) between BCS, GBank, and Trice Technologies, Inc. Click here to learn more about GBank Financial Holdings Inc. Click here to learn more about BankCard Services, LLC. Click here to learn more about Trice Technologies, Inc. Cautionary Notice Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding certain of the Company's goals and expectations with respect to future events that are subject to various risks and uncertainties, and statements preceded by, followed by, or that include the words "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions. These statements are based upon the current belief and expectations of the Company's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include, but are not limited to: the impact on us or our customers of a decline in general economic conditions and any regulatory responses thereto; potential recession in the United States and our market areas; the impacts related to or resulting from bank failures and any continuation of uncertainty in the banking industry, including the associated impact to the Company and other financial institutions of any regulatory changes or other mitigation efforts taken by government agencies in response thereto; increased competition for deposits and related changes in deposit customer behavior; the impact of changes in market interest rates, whether due to continued elevated interest rates or potential reductions in interest rates and a resulting decline in net interest income; the persistence of the inflationary pressures, or the resurgence of elevated levels of inflation, in the United States and our market areas; the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; effects of declines in housing prices in the United States and our market areas; increases in unemployment rates in the United States and our market areas; declines in commercial real estate values and prices; uncertainty regarding United States fiscal debt and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events; regulatory considerations; our ability to recognize the expected benefits and synergies of our completed acquisitions; the maintenance and development of well-established and valued client relationships and referral source relationships; acquisition or loss of key production personnel; changes in tax laws; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; potential increased regulatory requirements and costs related to the transition and physical impacts of climate change; and current or future litigation, regulatory examinations or other legal and/or regulatory actions. These forward-looking statements are based on current information and/or management's good faith belief as to future events. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that the future events, plans or expectations contemplated by the Company will be achieved. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The forward-looking statements are made as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement. View original content:https://www.prnewswire.com/news-releases/gbank-financial-holdings-inc-is-pleased-to-share-the-press-release-of-bankcard-services-llc-bcs-announcing-the-execution-of-a-sponsorship-and-designation-agreement-for-real-time-payments-rtp-between-gbank-bcs-and-trice-te-302211432.html SOURCE GBank Financial Holdings Inc. Market News and Data brought to you by Benzinga APIs
[4]
GBank Financial Holdings Inc. is Pleased to Share the Press Release of BankCard Services, LLC, Announcing the Welcoming of MassPay as a New PPA Client - GBank Finl Hldgs (OTC:GBFH)
LAS VEGAS, July 31, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") GBFH, the parent company for GBank (the "Bank"), is pleased to share the press release of BankCard Services, LLC ("BCS"). BCS, a technology company specializing in enabling financial institutions to participate in cashless gaming, announced the welcoming of MassPay as a New PPA Client. GBank, along with its Gaming FinTech Division, proudly joins BCS in welcoming MassPay to our mutual client network. The full press release from BankCard Services, LLC can be found here: BankCard Services, LLC is Pleased to Welcome MassPay as a New PPA Client Click here to learn more about GBank Financial Holdings Inc. Click here to learn more about BankCard Services, LLC. Click here to learn more about MassPay. Cautionary Notice Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding certain of the Company's goals and expectations with respect to future events that are subject to various risks and uncertainties, and statements preceded by, followed by, or that include the words "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions. These statements are based upon the current belief and expectations of the Company's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include, but are not limited to: the impact on us or our customers of a decline in general economic conditions and any regulatory responses thereto; potential recession in the United States and our market areas; the impacts related to or resulting from bank failures and any continuation of uncertainty in the banking industry, including the associated impact to the Company and other financial institutions of any regulatory changes or other mitigation efforts taken by government agencies in response thereto; increased competition for deposits and related changes in deposit customer behavior; the impact of changes in market interest rates, whether due to continued elevated interest rates or potential reductions in interest rates and a resulting decline in net interest income; the persistence of the inflationary pressures, or the resurgence of elevated levels of inflation, in the United States and our market areas; the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; effects of declines in housing prices in the United States and our market areas; increases in unemployment rates in the United States and our market areas; declines in commercial real estate values and prices; uncertainty regarding United States fiscal debt and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events; regulatory considerations; our ability to recognize the expected benefits and synergies of our completed acquisitions; the maintenance and development of well-established and valued client relationships and referral source relationships; acquisition or loss of key production personnel; changes in tax laws; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; potential increased regulatory requirements and costs related to the transition and physical impacts of climate change; and current or future litigation, regulatory examinations or other legal and/or regulatory actions. These forward-looking statements are based on current information and/or management's good faith belief as to future events. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that the future events, plans or expectations contemplated by the Company will be achieved. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The forward-looking statements are made as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement. View original content:https://www.prnewswire.com/news-releases/gbank-financial-holdings-inc-is-pleased-to-share-the-press-release-of-bankcard-services-llc-announcing-the-welcoming-of-masspay-as-a-new-ppa-client-302211478.html SOURCE GBank Financial Holdings Inc. Market News and Data brought to you by Benzinga APIs
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GBank Financial Holdings Inc. announces significant developments in its payment services division, including a new sponsorship agreement for Real-Time Payments and the addition of MassPay as a new client for its Prepaid Program.
GBank Financial Holdings Inc. Enters Real-Time Payments Arena
GBank Financial Holdings Inc., through its subsidiary BankCard Services, LLC (BCS), has made a significant stride in the financial technology sector by executing a sponsorship and designation agreement for Real-Time Payments (RTP)
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. This move positions GBank at the forefront of the rapidly evolving payments landscape, enabling it to offer cutting-edge services to its clients.The agreement, facilitated through BCS, allows the company to sponsor eligible financial institutions and non-bank financial services companies onto The Clearing House's RTP network
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. This development is expected to enhance GBank's competitive edge in the market and provide its clients with faster, more efficient payment solutions.MassPay Joins GBank's Prepaid Program
In a separate but equally important development, GBank Financial Holdings Inc. has announced that MassPay, a leading global payments and treasury provider, has become a new client of its Prepaid Program Agreement (PPA)
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. This partnership is set to leverage BCS's Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs, further strengthening GBank's position in the financial services industry.MassPay's integration into the PPA program is expected to enhance its ability to offer innovative payment solutions to its global client base, which includes businesses in various sectors such as clinical research, contact centers, and the gig economy
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.Implications for GBank's Growth Strategy
These recent developments align with GBank Financial Holdings Inc.'s strategic vision to expand its presence in the digital payments sector. By offering Real-Time Payments capabilities and attracting high-profile clients like MassPay, GBank is positioning itself as a key player in the evolving financial technology landscape
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.The company's focus on partnerships and technological advancements demonstrates its commitment to meeting the growing demand for fast, secure, and efficient payment solutions. This strategy is likely to contribute to GBank's long-term growth and market competitiveness
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.Related Stories
Industry Impact and Future Outlook
The financial services industry is witnessing a rapid shift towards real-time payment solutions and more sophisticated prepaid programs. GBank's recent moves indicate its readiness to capitalize on these trends and potentially reshape the competitive landscape
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.As more businesses and consumers demand instant payment capabilities and versatile financial solutions, GBank's expanded service offerings are likely to attract a wider range of clients. This could lead to increased market share and revenue growth for the company in the coming years
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.The success of these initiatives will depend on GBank's ability to effectively integrate these new services into its existing operations and maintain high standards of security and compliance. As the financial technology sector continues to evolve, GBank's adaptability and innovation will be crucial factors in determining its long-term success in this competitive market
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