CARIBBEAN ELECTRONIC PAYMENTS (CEPAYMENTS)

CEPAYMENTS will provide payment processing services to the United States of America, Latin America and the Caribbean (LAC). These services include the creation of regional solutions to reduce processing costs for banks and merchants, address the issues surrounding the extensive use of checks and cash for payroll and purchasing, the introduction of card programs to support the 'Unbanked' and thereby stimulate economies, a path for the migration of magnetic stripe cards to 'Chip and PIN', as well as manage risk, fraud, and cost.

CEPAYMENTS understands the local needs and nuances that are unique to the Caribbean and has selected the USVI to be the centre of its Caribbean launch. The operation will bring an awareness of the future of the payments industry to the Region and with that local employment, training, and career opportunities.

CEPAYMENTS believes that it will be the first company of its kind in the Region.

Steven Hodge, Chief Operating Officer stated, “The payments industry is complex, is becoming more costly and more heavily regulated. The current market conditions require lower costs, better customer service, better risk management, and the ability to be flexible enough to compete effectively. CEPAYMENTS will provide real solutions to these issues.”