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Thursday, January 27, 2022 12:53:50 PM
Genesis Financial, Inc., through its wholly-owned subsidiary, Epoint Payment Corp., is engaged in providing a range of diverse alternate financial products designed for cost-efficient delivery via a smart phone or other mobile device. Epoint intends to initiate financial services with an integrated “Mobile First” enabled program targeting underbanked and unbanked consumers, initially in North America, which will include micro credit, mobile phone device financing programs, money transfers, prepaid debit cards, bill payments, mobile top up, check processing, insurance and travel.
We intend to leverage our relationships and agreements with key technology and media participants, together with appropriate financial institutions and distribution partners, to offer target customers a wide range of price leading and more convenient local and international financial services, including money transfer, bill payment, mobile top up, Point of Sale (POS) payments, instant micro loans, check processing, insurance and travel services, all of which are to be delivered via an advanced proprietary platform technology.
We plan to initiate our service offering with products designed to appeal to key underbanked consumer market segments including ex-patriate Spanish speaking consumers in the United States.
The Epoint value proposition has been achieved through strong collaboration with leading players from within the existing payment and mobile telephony industries which leverages the existing infrastructure in a manner not previously achieved, to create cost efficiencies and expanded functionality designed specifically to cater to the Epoint customers.
We believe that Epoint has a disruptive competitive advantage which will be rooted in our unique and exclusive coupling of established payment networks and electronically automated processes which cannot easily, if at all, be replicated by existing market providers.
Existing financial services providers including banks, money transfer agents and alternate financial services bureaus have created expensive retail infrastructures to support their required physical interaction with a customer. These groups together with traditional debit/credit card networks including Visa, MasterCard and Discover are further hampered by embedded economic distribution models that were developed decades ago to protect once essential individual channel partners, which Epoint will efficiently circumvents with its streamlined processes.
On February 15, 2018, Genesis Financial and Epoint completed the transactions contemplated by the previously disclosed Capital Stock Exchange Agreement (the “Exchange Agreement”) entered into as of September 8, 2017, as subsequently amended. Under the Exchange Agreement, Genesis acquired 100% of the outstanding capital stock of Epoint, following which Epoint became a wholly-owned subsidiary of Genesis.
This was from 2018. I think they've "shared" these technologies with GammaRey...
http://gammarey.com
New York-based GammaRey Inc. is a global fintech company that is building a financial ecosystem and platform to provide financial solutions to both consumers and businesses. Leveraging blockchain technology to ensure the cyber-security of the platform, the company’s growing suite of products and services will enable payment remittance and acceptance, among other services, with a particular focus on remittance. Users will be able to process payments globally for purchases of goods and services and money transfers, among other transactions. The company’s technology makes the payment process simple, smart and secure while providing solutions that are helping to accelerate the digital transformation of payments. Businesses and consumers can rely on the company for domestic and international payments, efficient cash management, rewards programs, automated workflows for payment processing and bill review, and fraud detection, and behavioral analytics. GammaRey also intends to support a proprietary commodity-backed digital currency, as well as a digital wallet and banking and insurance services.
https://www.linkedin.com/in/tim-alford-timothy-alford/?trk=org-employees&originalSubdomain=tr
AD Securities America (Tim Alford) owns (or owned) 10,825,807 shares of Genesis Financial Inc, 19.1% of the Genesis OS.
(That's approximately 1/5th of the $45,000,000 acquisition price that SMCE paid for Genesis, in preferred stock, ~$9M worth)
Tim Alford holds sole voting and dispositive control of these securities. The address of AD Securities America LLC is 445 Park Avenue, Suite 922, New York, New York 10022.
(Guess whose address that is/was...Genesis Financial Inc's)
We intend to leverage our relationships and agreements with key technology and media participants, together with appropriate financial institutions and distribution partners, to offer target customers a wide range of price leading and more convenient local and international financial services, including money transfer, bill payment, mobile top up, Point of Sale (POS) payments, instant micro loans, check processing, insurance and travel services, all of which are to be delivered via an advanced proprietary platform technology.
We plan to initiate our service offering with products designed to appeal to key underbanked consumer market segments including ex-patriate Spanish speaking consumers in the United States.
The Epoint value proposition has been achieved through strong collaboration with leading players from within the existing payment and mobile telephony industries which leverages the existing infrastructure in a manner not previously achieved, to create cost efficiencies and expanded functionality designed specifically to cater to the Epoint customers.
We believe that Epoint has a disruptive competitive advantage which will be rooted in our unique and exclusive coupling of established payment networks and electronically automated processes which cannot easily, if at all, be replicated by existing market providers.
Existing financial services providers including banks, money transfer agents and alternate financial services bureaus have created expensive retail infrastructures to support their required physical interaction with a customer. These groups together with traditional debit/credit card networks including Visa, MasterCard and Discover are further hampered by embedded economic distribution models that were developed decades ago to protect once essential individual channel partners, which Epoint will efficiently circumvents with its streamlined processes.
On February 15, 2018, Genesis Financial and Epoint completed the transactions contemplated by the previously disclosed Capital Stock Exchange Agreement (the “Exchange Agreement”) entered into as of September 8, 2017, as subsequently amended. Under the Exchange Agreement, Genesis acquired 100% of the outstanding capital stock of Epoint, following which Epoint became a wholly-owned subsidiary of Genesis.
This was from 2018. I think they've "shared" these technologies with GammaRey...
http://gammarey.com
New York-based GammaRey Inc. is a global fintech company that is building a financial ecosystem and platform to provide financial solutions to both consumers and businesses. Leveraging blockchain technology to ensure the cyber-security of the platform, the company’s growing suite of products and services will enable payment remittance and acceptance, among other services, with a particular focus on remittance. Users will be able to process payments globally for purchases of goods and services and money transfers, among other transactions. The company’s technology makes the payment process simple, smart and secure while providing solutions that are helping to accelerate the digital transformation of payments. Businesses and consumers can rely on the company for domestic and international payments, efficient cash management, rewards programs, automated workflows for payment processing and bill review, and fraud detection, and behavioral analytics. GammaRey also intends to support a proprietary commodity-backed digital currency, as well as a digital wallet and banking and insurance services.
https://www.linkedin.com/in/tim-alford-timothy-alford/?trk=org-employees&originalSubdomain=tr
AD Securities America (Tim Alford) owns (or owned) 10,825,807 shares of Genesis Financial Inc, 19.1% of the Genesis OS.
(That's approximately 1/5th of the $45,000,000 acquisition price that SMCE paid for Genesis, in preferred stock, ~$9M worth)
Tim Alford holds sole voting and dispositive control of these securities. The address of AD Securities America LLC is 445 Park Avenue, Suite 922, New York, New York 10022.
(Guess whose address that is/was...Genesis Financial Inc's)
