April 08, 2015 08:00 ET

nTrust Expands Merchant Partnerships Eliminating the Need for a Wallet

Vancouver-based technology company adds 20+ merchant partners to growing digital payment network

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2015) - nTrust, the rapidly growing technology company that is innovating day-to-day transactions, today announces the expansion of their Cloud Money merchant network with the addition of 20+ new Vancouver businesses, bringing Canadians one step closer to eliminating the use of cash and card.

Unlike other digital wallets which enable payment by leveraging a credit card, nTrust allows consumers to add funds to their cloud wallet to pay merchants with real funds using their mobile phone, eliminating the need for a wallet.

As an nTrust merchant, vendors can run their business from anywhere and on any device. nTrust merchants enjoy a free account, no contract or monthly dues, as well as the first $10,000 in free processing followed by low transaction fees of just 1%. nTrust's new Cloud Money merchants include:

  • BlackTail Restaurant and Lounge
  • Black Kettle Brewing Company
  • Dougie Dog, Gourmet Hot Dogs
  • Check out the full list of restaurants, retail, food trucks, local breweries and specialty shops here

"As consumer usage and the practicality of cash decrease, we're seeing businesses become increasingly savvy with their payment technology," says Rod Hsu, President of nTrust. "In recent months we've had business approach us directly in search of new payment options to meet consumer demand and give them an edge up by offering an increasing convenience."

Consumers can effortlessly make a payment at any of the participating merchants. First, users add funds into their nTrust Cloud via the nTrust App for iOS and Android. Once at any of the merchant's downtown Vancouver store front locations the user instantly pays for their goods. Funds are debited from the consumer account and credited to the merchant account and displayed on the hands free Live Feed feature in real time. There is also an automated donation to a local charity of the consumer's choice that takes place each payment, part of the company's Be Good initiative.

"We believe in helping people access their money wherever and whenever they need and so we've taken the mobile wallet a step further than others available on the market. Using this technology alongside our merchant partners we've created a closed loop economy with a single fee and automated donations."

Consumers in search of an easy, quick, and secure payment option to replace their wallet, cash, and card can download the free nTrust app from iTunes or Google Play.

About nTrust

nTrust is a rapidly growing online and mobile money transfer platform that helps people around the world access, move and use their money instantly. Using nTrust, members can send money to friends, cash out to their bank account, spend money through their phone, or load funds to a prepaid card to use anywhere the MasterCard® Acceptance Mark is displayed, online or in-person. nTrust's proprietary technology uses the highest encryption standards and is "PCI-DSS Level 1" certified - the top global standard for operational and technical security designed by Visa, MasterCard® and American Express.

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