A payment processor status granted to Club Vivanet, Inc.

[img_assist|nid=10077|title=|desc=|link=none|align=left|width=99|height=100]Club Vivanet, Inc. signed an agreement with Expert Financial Systems, LLC, Norcross, Georgia to acquire the license for operating a stored value and payment processing platform, thus attaining their "processor status."

Under the given license Club Vivanet will have the possibility to implement multiple stored value models for closed and open loop prepaid products reports Jim Hancock, CFO, Club Vivanet, Inc.

Now Club Vivanet will be able to initiate its own payment processing programs and create its own prepaid debit cards and unique payment products. The company will operate domestic (U.S.) payment programs as well as international payout solutions through its domestic and international banks. The license will allow Club Vivanet to provide its multi-national entities with an online form of banking for U.S. and foreign residents supported by debit cards as an alternative payment method.