Latest news with #OLBGroup
Associated Press
4 days ago
- Business
- Associated Press
DMint, Inc., a Subsidiary of OLB Group, Inc. will refile its S-1 with Financials from Q2 2025, Paving the Way for Nasdaq Clearance
NEW YORK CITY, NY / ACCESS Newswire / August 14, 2025 / DMINT, Inc., ('DMint' and the 'Company') a wholly owned subsidiary of The OLB Group, Inc. (NASDAQ:OLB), a technology-driven digital asset mining company, today announced its intention to refile its Form S-1 Registration Statement with the U.S. Securities and Exchange Commission (SEC) to include audited financial statements for the quarter ended June 30, 2025. The Company will subsequently request the SEC to declare the registration statement effective. Following SEC effectiveness subject to the SEC's discretion, DMint plans to complete the remaining steps in its Nasdaq Capital Market listing process, which the Company expects to consist of addressing a limited number of final comments. In response to shareholder inquiries regarding the spin-off and related corporate actions, DMint also provided an update on the anticipated timeline and expected stockholder benefits. Shareholder Record Date and Stockholder Benefits 'Refiling our S-1 with updated financials is an important milestone on our path to the public markets,' said Ronny Yakov, Chief Executive Officer of DMint. 'We are in the final stages of the process and are focused on completing the remaining Nasdaq review so that we may move forward with our planned Nasdaq listing, establish the record date, and deliver the anticipated distribution to our stockholders.' The timing of the record date, listing, and distribution remains subject to SEC effectiveness, Nasdaq approval, and prevailing market conditions. Strategic Expansion in Digital Assets DMint also announced that its Board of Directors has approved the identification and pursuit of a digital asset investment strategy to complement the Company's existing bitcoin mining operations. This initiative is intended to broaden the Company's exposure across the digital asset ecosystem and enhance potential returns for stockholders. DMint expects to provide additional details on target asset classes, risk parameters, and strategic allocation in upcoming communications. About DMint, Inc. DMint, Inc. is building a large-scale bitcoin mining operation in the United States with a focus on achieving one of the lowest energy cost profiles in the industry. The Company is expanding its footprint by increasing mining hash rate and infrastructure capacity to drive operating efficiency and scale. About OLB Group, Inc. The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to merchants in all 50 states. In addition, through its ownership of the MOOLA Cloud and Black 011 platform, OLB Group can provide its services to an additional network of 31,600 convenient stores and bodegas in the United States. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin in a facility in Tennessee utilizing sustainable hydroelectric and solar power. Forward-Looking Statements This press release contains forward-looking statements, including, but not limited to, statements regarding the anticipated refiling of the Form S-1, SEC review and effectiveness, Nasdaq clearance and listing, the expected setting of a shareholder record date, the planned distribution, timing of anticipated events, and the Company's digital asset investment strategy. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those described. These risks and uncertainties include, among others, the outcome and timing of SEC and Nasdaq processes, market conditions, operational and financial performance, and other risk factors described in the Company's filings with the SEC. DMint undertakes no obligation to update forward-looking statements except as required by law. Contact Investor Relations DMint, Inc. (a wholly owned subsidiary of The OLB Group, Inc.) 212-278-0900 EXT 333 [email protected] SOURCE: The OLB Group, Inc. press release
Associated Press
04-03-2025
- Business
- Associated Press
OLB Group Introduces a New Payment Facilitator (PayFac) Service for Small Businesses
NEW YORK CITY, NY / ACCESS Newswire / March 4, 2025 / OLB Group, Inc. (NASDAQ:OLB) ('OLB' or the 'Company'), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, OLB Group announced today the launch of a new payment facilitator (PayFac) service for small businesses. Ronny Yakov, CEO of OLB Group, said, 'We are excited to announce the launch of our innovative Payment Facilitator (PayFac) service designed specifically for small businesses. This cutting-edge solution revolutionizes the way small enterprises process payments, offering a host of benefits that will streamline operations and boost business growth.' Key Benefits for Small Businesses Rapid Onboarding and Instant Acceptance OLB Group's PayFac service enables small businesses to start accepting payments immediately, with a streamlined onboarding process that can be completed in a matter of hours. This feature eliminates the traditional wait times of days or weeks associated with setting up a merchant account. Simplified Compliance and Reduced Paperwork By leveraging OLB Group's PayFac service, small businesses can significantly reduce their compliance burden. PayFac handles complex regulatory requirements, allowing entrepreneurs to focus on growing their business rather than navigating payment industry regulations. Comprehensive Payment Options The PayFac service supports a wide range of payment methods, including all major card networks, ACH, and even Electronic Bill Pay and RTP (Real Time Payment). This versatility ensures that small businesses can cater to diverse customer preferences, potentially increasing sales and improving customer satisfaction. Enhanced Security and Fraud Prevention Small businesses benefit from PayFac's integrated fraud prevention tools and chargeback management services. This robust security infrastructure protects both merchants and their customers, fostering trust and reducing financial risks. Cost-Effective Solution OLB Group's PayFac service offers a transparent, easy-to-understand fee structure, eliminating surprise charges and helping small businesses manage their budgets more effectively. Empowering Small Business Growth By providing access to enterprise-level payment processing capabilities, the PayFac service levels the playing field for small businesses. It enables merchants to compete effectively in the digital marketplace, expand their customer base, and focus on what they do best - running their business. For more information about OLB Group's new Payment Facilitator service and how it can benefit your small business, please contact our sales team or visit our website. Small convenience stores and bodegas can significantly benefit from the PayFac (Payment Facilitator) model in several ways: Simplified Onboarding The PayFac model streamlines the merchant application process, allowing small businesses to start accepting payments quickly. This means convenience stores and bodegas can begin processing electronic payments within hours, rather than waiting days or weeks for traditional merchant account approvals. Reduced Complexity PayFact handles underwriting, compliance, and risk management, reducing the burden on small businesses. This capability allows store owners to focus on their core business operations instead of worrying about complex payment processing regulations. Integrated Services PayFact often provides additional value-added services such as fraud prevention, chargeback management, and payment analytics. These productivity tools can help small stores better manage their finances and protect against potential losses. Multiple Payment Methods The PayFac model offers flexibility in accepting various payment methods, including credit cards, digital payments, and alternative payment options. This versatility is crucial for convenience stores and bodegas to cater to diverse customer preferences. Enhanced Customer Experience By simplifying the payment process, PayFact contributes to a smoother transaction experience for customers, leading to increased customer satisfaction and loyalty, which is vital for small neighborhood stores. Lower Entry Barriers The PayFac model makes it easier for small and micro-merchants, who might have been underserved by traditional payment systems, to access electronic payment processing which levels the playing field for smaller stores competing with larger retailers. By leveraging these benefits, convenience stores and bodegas can improve their operations, enhance customer service, and potentially increase their revenue through more efficient payment processing. The payment facilitator (PayFac) model offers several key benefits to small businesses and bodegas: Quick onboarding: PayFac provides a streamlined, simplified onboarding process that can be completed in hours or days, allowing small businesses to start accepting payments almost immediately. Reduced paperwork and compliance burden: As sub-merchants under a PayFac, small businesses face fewer compliance regulations and documentation requirements compared to traditional merchant accounts. Lower risk: PayFac assumes most of the financial risk, reducing the burden on small businesses. PCI compliance handling: PayFac manages PCI compliance, relieving small businesses of this complex responsibility1. Improved cash flow: PayFac often offers faster fund settlement, allowing small businesses to access their money more quickly. Access to diverse payment methods: PayFac enables small businesses to accept various payment types, including credit cards, digital wallets, and ACH transfers, improving customer satisfaction. Enhanced fraud protection: PayFac typically provides robust fraud detection and prevention measures, offering small businesses greater security. Simplified support: With a PayFac, small businesses have a single point of contact for payment-related issues, streamlining problem resolution. PayFac benefits are particularly advantageous for small businesses and bodegas, as they reduce barriers to entry in accepting electronic payments, minimize operational complexities, and provide access to sophisticated payment technologies that might otherwise be out of reach. Advantages of PayFac for OLB Group and its subsidiaries For Bodega owners, the merchant services OLB Group offers to customers, the most beneficial products are the MOOLA Cloud brands, such as and BlackWireless. Including recently announced the services for 3D Secure fraud preventing tools These services are particularly advantageous for digital downloads and eSIMs, which have often been associated with fraudulent transactions on digital product orders. MOOLA Cloud offers an innovative and proprietary solution for the unbanked and under-banked consumer sector serviced by bodegas and convenience stores in the region. With a scheduled market launch in the First Quarter of 2025, OLB Group will dramatically expand its merchant services offerings. About OLB Group, Inc. The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to merchants in all 50 states. In addition, through its ownership of the MOOLA Cloud and Black 011 platform, OLB Group can provide its services to an additional network of 31,600 convenient stores and bodegas in the United States. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin in a facility in Tennessee utilizing sustainable hydroelectric and solar power. Forward-Looking Statements This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the proposed spinoff of DMint described herein and are characterized by future or conditional words such as 'may,' 'will,' 'expect,' 'intend,' 'anticipate,' 'believe,' 'estimate' and 'continue' or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, including the risk that the licensee understands and complies with various banking laws and regulations that may impact the licensee's ability to process transactions. For example, federal money laundering statutes and Bank Secrecy Act regulations discourage financial institutions from working with operators of certain industries - particularly industries with heightened cash reporting obligations and restrictions - as a result of which, banks may refuse to process certain payments and/or require onerous reporting obligations by payment processors to avoid compliance risk. These and other risk factors affecting the Company are discussed in detail in the Company's periodic filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether because of the latest information, future events or otherwise, except to the extent required by applicable laws Contacts (212) 278-0900 Ext. 333
