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INNOVATIVE PYMNT SOLUTION - IPSI STOCK NEWS

Welcome to our dedicated news page for INNOVATIVE PYMNT SOLUTION (Ticker: IPSI), a resource for investors and traders seeking the latest updates and insights on INNOVATIVE PYMNT SOLUTION.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect INNOVATIVE PYMNT SOLUTION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of INNOVATIVE PYMNT SOLUTION's position in the market.

Rhea-AI Summary
IPSI announces IPSIPay Express launch in September and potential for millions of dollars in revenue. Exiting IPSIPay business to focus on IPEX. Completed 1-for-30 reverse stock split to attract investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.46%
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Rhea-AI Summary
Innovative Payment Solutions, Inc. (IPSI) announces a 1-for-30 reverse stock split effective on August 30, 2023. Stock symbol to change to IPSID for the first 20 trading days, then revert back to IPSI. CUSIP number for the common stock following the split is 45783M208.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3025%
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Rhea-AI Summary
Innovative Payment Solutions, Inc. (IPSI) has announced its funding of $500,000 to IPSIPay ExpressTM (IPEX), a joint venture between IPSI, Open Path, and eFinityPay. This funding gives IPSI an initial 11% equity interest in the joint venture, with the potential to increase to 33% upon additional funding. IPEX is developing an account-to-account payment application called Instant-Settlement in RealTime™ for the online gaming and entertainment industries. The joint venture partners believe that IPEX could generate millions of dollars in revenue with high margins. The IPEX API aims to mitigate fraud and chargebacks and comply with AML and KYC regulations. IPSI expects IPEX to offer traditional credit card processing in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20%
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Rhea-AI Summary
Innovative Payment Solutions (IPSI) provided an update on its joint venture, IPSIPay Express (IPEX), with OpenPath and eFinityPay. IPEX is focused on providing payment solutions to high-risk sectors such as online gaming and entertainment. Key developments include IPSI making an initial capital contribution of $200,000 to IPEX, expanding the scope of services to include traditional credit card processing, securing relationships with commercial banks, and beginning soft marketing of the payment solutions. It is now anticipated that IPEX could generate initial revenues during Q3 of this year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.38%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
66.67%
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Rhea-AI Sentiment
End-of-Day
4.35%
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Rhea-AI Sentiment
End-of-Day
-17.24%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
36.36%
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Rhea-AI Sentiment
End-of-Day
12.5%
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INNOVATIVE PYMNT SOLUTION

OTC:IPSI

IPSI Rankings

IPSI Stock Data

2.49M
12.90M
11.7%
Electronic Shopping and Mail-Order Houses
Retail Trade
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United States of America
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