Veritec VRTC · USD

Its shares trade under the ticker VRTC. It has been listed since 4 September 1997. In the fiscal year to 30 June 2024, it reported revenue of $461,000 and a net loss of $1.1m. At that date it held total assets of $132,000 and shareholders' equity of −$9.7m.

Veritec, Inc. engages in the development, marketing, sale, and licensing of products. The company is headquartered in Saint Paul, Minnesota. The firm renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. These programs may also be referred to as the mobile toggle card (MTC) or the blinx ON-OFF Prepaid Card programs. The Veritec Prepaid Card Program provides services to the sponsor bank. These services include program management, promotion and marketing, application processing, fraud monitoring, accounts reconciliation and dispute resolution. In addition to the MTC and blinx ON-OFF branded program, the Company enables card issuers and sponsors to issue debit, pre-paid and gift cards under their own branded programs through licensed use of the mobile banking platform and the Company's provision of related professional services.

Figures and description from our data supplier, not checked against the company's own report.

• Ms. Van Thuy TranChairman of the Board, Chief Executive Officer, Treasurer, since 1999$150,000
• Mr. Laird PowersIndependent Director

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