Golden Valley, Minnesota, May 23, 2023 /PRNewswire/ — Veritec, Inc. (VRTC), inventor and owner of a variety of two-dimensional matrix symbology and processor/program manager debit cards, electronic payment networks and merchant processing services, is a joint venture with Viva Entertainment Group We signed a contract. Veritec’s products and services will be promoted on Viva Live TV (700 channels) and entertainment products and services will be promoted through Viva’s massive global OTT network, currently deployed in over 195 countries and nearly 100 countries. . 6 billion people.
Vintoron“With this joint venture partnership, Veritec will not only license our patented technology, but also provide financial and secure ID cards to the world through Viva live TV and streaming services,” said Veritec Inc. CEO. It will allow us to sell to an audience in the middle.”
Johnny FalconsVivalivetv’s CEO said, “I am extremely proud and excited to join Veritec. This joint venture will give us the ability to market a new global payment system to the world. We are experiencing unprecedented growth and are excited about the prospect of becoming one of the leading American companies.”
About Viva Entertainment Group/aka Vivalivetv:
Viva Entertainment Group, also known as Vivalivetv, is a global entertainment and technology company. It acts as a bridge between content owners and video distributors, delivering high-quality content to users through smart devices with screens. Viva has developed an over-the-top (OTT) system that delivers TV services via the Internet protocol suite rather than traditional methods such as terrestrial, satellite signals and cable TV. Viva’s entertainment service allows subscribers to access their favorite content anytime, anywhere with his WiFi connection.
VivaLiveTV offers a wide range of interactive features including live TV from various locations around the world, TV shows, movies on demand, pay-per-view options and more. The company has partnered with independent and major film studios, television networks, telecoms, cable companies and emerging ISPSs to extend its capabilities for multi-platform video delivery. Viva aims to provide licensed and distributed premium content technology services to traditional and OTT video distributors worldwide. Viva, a company listed under the stock symbol OTTV, is the only end-to-end provider of premium content technology services.
About Veritec Co., Ltd.:
Veritec, Inc. was founded in 1982 to develop, market and sell microprocessor-based encoding and decoding system products using the 2D barcode technology invented by its founder. Veritec expands its market into biometrics and finance. Veritec Inc. includes his three wholly owned companies: Veritec Verifications and Identification, Veritec Financial Systems, and Tangible Payments Systems.
Veritec Verifications and Identifications focuses on automation industries such as liquid crystal displays (LCDs), pharmaceuticals and secure biometrics using proprietary VeriCode® and VSCode™. VeriCode® and VSCode® are widely used in the LCD market (www.veritecinc.com)
Veritec Financial System Inc. (VTFS) focuses on proprietary Financial Visa debit cards and mobile banking technology. VTFS will register its software platform with the sponsoring bank and become the sponsoring bank’s own processor and program manager. VTFS has a relationship with Visa as a third party servicer of Visa branded cards and as a private brand and affinity. ATM and PIN-based card programs (www.vtfs.com and www.blinxpay.com)
Veritec Tangible Payments Systems Inc., a merchant processing company, focuses on Java-based enterprise web payment portals and service delivery gateways. Its focus is on a large enterprise, typically covering multiple banks and his IT-specific requirements. Tangible Gateway provided both credit card and ACH functionality. Tangible built the ‘ePay’ platform for his KPMG, a large customer, and in 2002 the customer won Payment Portal’s NACHA Best Year award for his ePay program. (www.tangiblepayments.com)
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations and speak only as of the date of their announcement. Our actual results may vary as a result of various factors and uncertainties affecting technology companies, our product development capabilities, rapid technological changes in our markets, changes in demand for our future products, future They may differ materially and adversely from those expressed in the forward-looking statements. , legislation, regulation, competitive developments, and general economic conditions. Our SEC filings describe some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to publicly revise or update any forward-looking statements for any reason, unless otherwise required by SEC regulation.
Phone number 612-991-7928
Source Veritec, Inc.