OLB Adds Crypto to Software and Processing

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OLB Adds Crypto to Software and Processing

OLB Group is comprised of multiple subsidiaries with assets in software, merchant services and cryptocurrency. Last year, the company’s cloud-based eVance merchant processing business, which includes the company’s SecurePay payment gateway, handled $900 million in card payments. Currently, that unit has an annualized run rate in the $1.35-billion range. Many of the company’s more than 10,500 merchants are small businesses that sell CBD products, including 1,500 gained through a 2021 acquisition. OLB uses Esquire Bank on Long Island, New York, to settle into Visa and Mastercard. The ...

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Nilson Report

1219

May 2022

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First Quarter Card Network Results

Largest U.S. Credit Card Issuers–1Q 2022

Visa & Mastercard Outstandings, Shares by Groups of 50

Third 50 Largest Visa/Mastercard Credit Card Issuers

Investment & Acquisitions–April 2022

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OLB Adds Crypto to Software and Processing

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