September 29, 2015 09:00 ET

nTrust Joins With Waves Coffee House, Marking First Franchise Merchant Partnership

nTrust Expands Digital Payment Network With the Addition of Waves Coffee House

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 29, 2015) - nTrust, the rapidly growing fintech platform that lets users send money to their friends and pay merchants directly from their phones, has partnered with Waves Coffee House, the BC- and Alberta-based coffee house franchise known best for their superb fresh brewed coffee, warm hospitality and incomparable service.

The partnership marks nTrust's first collaboration with a franchise venture and indicates mounting demand amongst the local business community for cutting-edge payment solutions. Waves joins a roster of over two dozen businesses to accept nTrust as a payment method, bringing Canadians one step closer to eliminating the use of cash and cards.

Unlike other digital wallets, which enable payment by leveraging credit card data, nTrust allows consumers to send money digitally and pay merchants with real funds using their mobile phones. This means users can pay for their coffee and pastries through just a few taps to their phones.

"nTrust partnering with Waves will help to simplify and personalize their customer experience," says Rod Hsu, president of nTrust. "With customer service so central to many businesses today, merchants are committed to staying on top of key trends including the convenience of mobile payments. Adding the kind of personal touch that nTrust provides allows merchants to get to know their customers better."

The partnership additionally contributes to Waves' mission of enriching lives through nTrust's Be Good initiative, an ethical-payments program that re-distributes funds directly back to the community. Each time a payment is made using nTrust at an integrated merchant, 25% of that merchant's processing fees are donated to a local charity of the user's choice - allowing them to decide when and where donations are sent.

"Our partnership with Waves is a perfect fit given their commitment to their communities," said Hsu. "Beyond revolutionizing the way people move their money, we want to empower them to use their money for good. Partnering with great local merchants like Waves allows us to do so through our Be Good initiative."

As an nTrust merchant, vendors can run their business from anywhere and on any device. nTrust merchants are not bound by contracts or monthly dues, and receive their first $10,000 in sales free of processing fees. After that, transaction-processing fees are 1%.

About nTrust

nTrust is a rapidly growing online and mobile money transfer platform that helps people around the world instantly move and access their money. 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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