LAS VEGAS, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Valorus, the technology company that helps enterprise-level organizations expand their brand into financial services, launched today to deliver a white label fintech solution designed to drive new recurring revenues, reduce customer churn, decrease merchant processing fees and streamline money management processes such as employee payments and more. Valorus helps companies better monetize their customer base by offering a strong, safe, and secure fintech solution that can be implemented quickly and without the requirement for internal R&D resources.
The Valorus announcement was made today at the Money 20/20 conference in Las Vegas, the world's biggest event covering payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology.
Designed for large retailers, hospitality companies, service providers such as wireless MVNOs, HR/payroll, labor platforms and more, the Valorus white label fintech solution enables employers to more cost efficiently make payments and other transactions and even offer microloans to their customers in real time and around the world. Valorus’ feature-rich mobile wallet and debit card can be private labeled by any brand with modules available to reduce merchant processing fees and even manage alternative currencies. The solution also significantly reduces the costs for end users moving money to family and friends worldwide as well as for companies sending and receiving payments from customers and suppliers. With Valorus, companies can generate new recurring revenue streams, averaging $3-$5 per user per month, provide a better deal on financial services their customers already use, drive greater brand loyalty and create additional in-person and online traffic.
“Valorus has been designed to give companies a strong competitive edge by removing the complexities and hurdles of offering extremely secure financial services to their customer base,” said Paris Holt, CEO of Valorus Technologies. “Brands can now round out their portfolio offering with financial services that are tested and proven, as well as offer a complementary set of functionality and value-adds that no other product offers today.”
Additional Valorus features include:
Valorus can be seen at Money 20/20 Conference at booth #3835. To schedule a demo or get more information, go to www.valorus.com.
Valorus is a joint venture between Carnegie Technologies, an umbrella company incubating and delivering innovative products and services and creating new markets in the technology landscape, including Fintech, IoT, Satellite, Communications, Mobile Entertainment, Music Streaming and more; and Unified Signal, which has delivered services to more than 2 million customers and has enabled more than 150 brands to launch a variety of offerings over the past 20 years. The Valorus white label fintech solution provides companies with an enterprise-grade fintech platform that is secure, cost-efficient and easy to use. The suite is interoperable with virtually all global payment platforms via the Valorus MCN (Mobile Clearinghouse Network), making it a highly cost effective option for consumers looking to manage their money online.