Canadian fintech company Digatrade has acquired Securter, which develops solutions to increase the security of online credit card payment processing.
The deal is part of Digatrade’s initiatives to improve integration of cryptocurrency with credit cards and make its more practical in everyday uses.
With this acquisition, Digatrade plans to announce cross-disciplinary applications of its fintech agenda.
Digatrade CEO Brad Moynes said: “It’s easy to get lost in the theory of what’s possible. We are collaborating with thought leaders in this field to mine the technology itself and deliver really useful applications that are not already overdone in this space.
“An example is something as basic as being able to buy cryptocurrency easily, securely and in small quantities by credit card and to spend it just as easily and securely, by multiple methods. Our increased credit card security expertise is perfectly suited, but even that is just the tip of the iceberg of what we have in mind. Digatrade is advancing again, according to plan.”
Securter technology safeguards cardholder privacy by eliminating the need to distribute credit card details to multiple commercial third parties, where such details are usually stored.
Digatrade intends to use Securter’s internal R&D capability and management and also external fintech business partnerships to boost its overall business mission.
Digatrade president of Securter division Steve Epstein said: “They deal with things that most people would simply not understand because these systems work in the background. Digatrade/Securter’s goal is to make that technology useful and to monetise our innovations.
“When we have permission to start announcing our operating relationships, then our shareholders will see that Digatrade has a tremendous future. I am looking forward to being able to talk more about those relationships, soon.
“In the meantime, we will be introducing our Securter management team in upcoming announcements about our growing internal capabilities.”