Veritec, Inc. Enters Strategic Partnership With Unit Corporation

Golden Valley, MN, December 5, 2016 (Newswire.com) - ​Veritec, Inc. has entered a Strategic Partnership with UNIT Corporation (“UNIT”), a distinguished system integrator and software company, to support Veritec’s innovative mobile banking and international remittance platform to clients in Vietnam and South East Asia.

This partnership will leverage UNIT’s unique network footprint and system integration capabilities, especially in the banking sector with Veritec’s robust mobile banking, prepaid debit and international remittance platform.

International remittance is a substantial and growing market worldwide.  Global transactions volumes are expected to reach 615 billion in 2016 with an average cost of 7.52% of the amount transferred.

To learn more about Veritec’s Mobile Banking, International Remittance and Prepaid Debit card program go to www.veritecinc.com; www.vtfs.com; www.blinxprepaid.com; www.blinxpay.com

VERITEC (VRTC) AND VERITEC FINANCIAL SYSTEM INC. (VTFS)

Veritec, Inc., founded in 1982, develops and licenses its proprietary blinxPay™ mobile banking, international remittance, debit, gift, and prepaid card solutions and serves as a third party processor to banks for debit card transactions on the company’s mobile banking platform. Veritec provides prepaid and financial payments products with a closed loop or open loop network for consumers and businesses.  The Company is also a pioneer and developer of proprietary 2-D barcodes used in many industries around the world.

For more information go to:  “http://www.veritecinc.com” www.veritecinc.com 

UNIT CORP

UNIT Corp, founded in 2010, is a software solution and service provider for finance and management companies in Vietnam. With a dynamic and professional software engineer team, UNIT provides many software solutions and services for large organizations such as banks, finance companies, insurance companies, and multi-national companies.

HYPERLINK: www.unit.com.vn

 “Safe Harbor Statement” Under the Private Securities Litigation Reform Act of 1995: Certain statements in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995.  These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.  These risks are to be included in filings with the Securities and Exchange Commission, all of which are to be available at HYPERLINK “http://www.sec.gov/” www.sec.gov.  We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise. 

Contact -VERITEC

Van Tran, CEO​
​Veritec Inc.
2445 Winnetka Ave. No., Golden Valley, MN. 55427 (U.S.A.)
612-991-7928 cell; 763-545-0224 (O)
www.veritecinc.com
www.vtfs.com
www.blinxpay.com

Source: Veritec, Inc.