Consorteum Holdings Inc., provider of innovative financial transaction solutions for small and large businesses, has established a strategic marketing partnership with global payment network provider NxSystems, Inc. The agreement is handled through Consorteum Inc., the wholly owned operating subsidiary of Consorteum Holdings, and will allow Consorteum to significantly grow their operations globally by leveraging the proprietary NxPay multiple currency payment and settlement platform of NxSystems.
The partnership is a natural progression since Consorteum is already involved in international projects requiring the multi-currency capabilities of NxSystems. It’s normal for Consorteum to receive inquiries from clients to solve their multiple currency clearing problems, and the company sees this agreement as the best answer to their customers’ needs. The relationship works for NxSystems as well, allowing it to expand its stored value solutions, electronic payments, split-tender and multi-currency presence on a global basis.
The expectation for Consorteum is an increased international ability to provide stored value cards, prepaid credit and debit cards, international and domestic payroll cards, commission cards, incentive cards, MLM (multi-level marketing) cards, gift cards, global electronic payments, international online payment, e-wallets, merchant discount rates and worldwide multi-currency payment platform solutions that are flexible, affordable, and profitable.
All of this is part of Consorteum’s long term mission to continually build on its extensive expertise in payments and transactions, in both North America and Europe, by tapping new technologies and trends in the global marketplace. By so doing, the company plans to increase its revenues in existing markets, while entering new markets, continually driving additional transaction-based revenues and resulting shareholder value.
Consorteum already has the processing and card industry familiarity required to develop and manage client projects in a way that ensures compatibility with card industry rules, and has negotiated wholesale pricing for the lowest transaction rates. The partnership with NxSystems is a logical extension of Consorteum’s continued worldwide growth.
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