|
|
|
|
|
|
| The Partnership Aims to Help Provide Socially Conscious Services That Give Back to Emerging Markets |
カリフォルニア州サンタモニカ, 2016年7月21日 - (JCN Newswire) - Meed, the Santa Monica-based company committed to bringing socially-conscious innovation to the financial sector, today announced that it has signed an agreement with Cambridge Global Payments of Toronto, Canada. Meed and its rapidly-growing global network of Member Banks and Corporate Members have created a unique social banking model where, through the patent-pending SocialBoost(TM) program, the banks financially reward users worldwide for growing the Meed Community. The foreign exchange pricing, global payments settlements and reconciliations required between Meed Member Banks will all be handled by Cambridge.
"The innovative way in which our Member Banks will distribute money around the world, whether through the SocialBoost program or extremely low-cost remittances, means that we needed to find a global payments expert with truly worldwide expertise and capabilities," said Phil Valvardi, Chief Financial Officer at Meed. "Cambridge demonstrated those abilities in abundance, and has already managed quickly to streamline complex worldwide settlement processes for our Member Banks and Corporate Members to a relatively simple solution."
"At Cambridge, we've always taken pride in the innovation we can bring to bear for our partners," said Mark Frey, Chief Operating Officer, Cambridge Global Payments. "Working with the team at Meed, who themselves are breaking new ground with the scale and ingenuity of their program, will be a challenge we are delighted to take on. The beneficial effects we believe Meed will bring about will make a significant difference where it's needed most around the world."
Meed is gearing up for launch within months across its initial target countries of Vietnam, Mexico, U.S. and Canada. With this suite of affordable financial services products from its Member Banks, Meed is targeting the huge segment of people worldwide who are disenfranchised from the current banking system, either by choice or by circumstance. Meed offers a new choice to this generation through its partnership with socially-conscious Member Banks who have aligned behind Meed's vision of financial mobility for all.
Meed's innovative mobile app will provide access to Member Banks that offer a demand deposit account, a security savings account, a secured line of credit, domestic and international transfers between Meed users, as well as access to the income-building SocialBoost(TM) program, which gives users the opportunity to earn a new income stream in return for growing the Meed community. For every $1 earned by Meed users through SocialBoost's personal community plan, another $1 is returned by the Member Banks to the worldwide Meed community, helping those who need it the most.
About Meed
Headquartered in Santa Monica, CA, Meed provides a new global platform for a community of networked Member Banks, Corporate Members and individual Meed users. The network provides access for users to the Member Banks for their financial services needs, and also provides a solution for financial exclusion and immobility. For more information, visit meed.net.
About Cambridge Global Payments
Cambridge Global Payments is a leading provider of integrated cross-border payment services and risk management solutions. As a trusted partner for over 20 years, Cambridge delivers innovative solutions designed to mitigate foreign exchange exposure and address unique business needs. Our award-winning capabilities and industry-leading technologies simplify the way businesses connect with the global marketplace. As one of the largest bank-independent providers globally, we are flexible and responsive, with offices across North America, Europe, and Australia. Learn more at cambridgefx.com and follow us on Twitter and LinkedIn.
- Twitter: https://twitter.com/cambridge_fx
- LinkedIn: https://www.linkedin.com/company/cambridge-mercantile
Contact Information
For further information, please contact:
Kristina Lee
Magnolia Marketing Communications
Phone: +1-778-320-0058
Email: klee@magnoliamc.com
Julian Sandy
Chief Marketing Officer
Meed
Phone: +1-949-929-9692
Email: jsandy@meed.net
Brad Loder
Director, Marketing & Communications
Cambridge Global Payments
Phone: +1-416-646-6401 ext. 2392
Email: bloder@cambridgefx.com
配信代行: JCN
トピック: Press release summary
Source: Cambridge Global Payments / Meed
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
エーザイとバイオジェン・インク、抗 Aβ抗体レカネマブの皮下注射製剤「LEQEMBI(R) IQLIK(TM)」の早期アルツハイマー病に対する初期療法に関する米国 FDA による優先審査の状況について
May 8, 2026 17:00 HKT/SGT
|
|
|
CNNオリジナルシリーズ「K-Everything」初回エピソード ダニエル・デイ・キムがK-POPの国際舞台における驚異的な躍進に迫る
May 8, 2026 11:50 HKT/SGT
|
|
|
CNNオリジナルシリーズ「K-Everything」ダニエル・デイ・キムが全4話で韓国文化のグローバルな影響力に迫る
May 7, 2026 15:00 HKT/SGT
|
|
|
富士通、防衛省様における予備自衛官等の管理業務をデジタル化し効率化を実現
May 7, 2026 11:30 HKT/SGT
|
|
|
LEXUS、新型「TZ」を世界初公開
May 7, 2026 11:30 HKT/SGT
|
|
|
TaxiNexo Accelerates Global Expansion: Autonomous Taxis Arrive in Los Angeles
May 4, 2026 23:00 HKT/SGT
|
|
|
As bossware backlash grows, Vaiz launches work management built on trust, not tracking
May 4, 2026 23:00 HKT/SGT
|
|
|
Pacific Avenue Capital Partners、Amcorの欧州廃棄物容器事業「ESE World」の買収に向けた独占交渉を開始
May 4, 2026 16:30 HKT/SGT
|
|
|
LemonBottle Concludes FACE & BODY 2026, Secures Latin America Foothold
May 2, 2026 01:00 HKT/SGT
|
|
|
Representatives from More Than 40 Countries Discuss New Models of Global Growth in Moscow
May 1, 2026 13:30 HKT/SGT
|
|
|
|
| More Press release >> |
|
|
|
