OLB Group Inc Stock Price, News & Analysis

OLB Group, Inc. (Nasdaq: OLB) announced that CEO Ronny Yakov will be featured on The RedChip Money Report on Bloomberg International on February 7 at 6 p.m. local time in Europe. In this exclusive interview, Yakov discusses OLB's diverse merchant services, electronic payment processing, and crowdfunding solutions. The program airs on Bloomberg Television in the U.S. and Europe. OLB delivers cloud-based commerce solutions for various merchants, enhancing their branding and operational efficiency.

The OLB Group, Inc. (NASDAQ: OLB) anticipates strong financial performance in 2021, bolstered by rising demand for cloud-based merchant services. CEO Ronny Yakov highlighted the company's resilience and commitment to eCommerce solutions during the pandemic. Notable achievements include becoming a Payment Facilitator with major banks, enhancing merchant applications, and assisting traditional businesses in transitioning online. OLB's comprehensive solutions, like eVance and SecurePay, position the company for growth as it aims to expand its merchant base in the coming year.

OLB Group (NASDAQ: OLB) has enhanced its DoubleBeam cloud-based payment platform to support hospitality businesses during COVID-19 restrictions. The platform integrates marketing, ordering, payment, and fulfillment, providing seamless service amid the pandemic. CEO Ronny Yakov noted that DoubleBeam processes millions of transactions monthly, proving its reliability. Key features include quick setup, contactless payment options, and mobile access for customers. The service promotes efficiency by linking with various business systems, enabling merchants to optimize operations and expand opportunities.

The OLB Group, Inc. (NASDAQ: OLB) announced the launch of its CrowdPay platform, designed to simplify capital raise activities for small and medium-sized businesses in compliance with new SEC rules. CrowdPay features scalable software for equity crowdfunding, supporting investor accreditation, ID verification, and online escrow. The recent SEC amendments increase crowdfunding limits to $5 million and remove individual investment limits for accredited investors. CEO Ronny Yakov highlighted that the platform positions OLB to help brokers manage crowdfunding campaigns effectively.

The OLB Group (NASDAQ: OLB) announced readiness to support merchants selling cannabis and hemp-derived products, including CBD, through its SecurePay payment gateway and OmniSoft business management platform. This initiative comes as U.S. regulatory changes have eased constraints on banking for CBD sellers. CEO Ronny Yakov highlighted that OLB is prepared to onboard these merchants, transitioning them from cash-based to multi-modal payment systems. The SecurePay platform supports diverse payment methods, while OmniSoft offers tools for business management and marketing.

The OLB Group, Inc. (NASDAQ: OLB) reported financial results for the nine months ended September 30, 2020, revealing total revenues of $6.9 million and an adjusted EBITDA of $157,748. The company faced challenges due to the COVID-19 pandemic, resulting in a net loss of $1.7 million. However, OLB successfully raised $6.4 million in capital, reduced total debt to $7.6 million, and increased ecommerce merchant transactions in Q3. The firm also completed its uplisting to NASDAQ, signifying growth and potential for investors.

The OLB Group, Inc. (NASDAQ: OLB) has enhanced its SecurePay payment gateway, allowing faster fund transfers within hours via ACH services. This upgrade aims to reduce labor costs and errors for small and mid-sized merchants. Key features include on-demand check printing, digital check processing, and mobile payment services. CEO Ronny Yakov emphasized the benefits of ACH, noting lower fees compared to card transactions. This integration reinforces OLB’s position in the cloud-based merchant services market, providing essential support for business cash flow management.

The OLB Group (NASDAQ: OLB) has launched a direct connection between its SecurePay payment gateway and QuickBooks accounting solutions, enhancing invoice management for merchants.

This service allows for instant invoice generation and secure electronic billing, improving operational efficiency for small to mid-sized businesses.

CEO Ronny Yakov emphasizes that this integration addresses custom needs, providing flexibility and efficiency in billing.

The OLB Group, Inc. (NASDAQ: OLB) has upgraded its SecurePay payment gateway to support Apple Pay and Google Pay for small- and mid-size merchants. This enhancement allows merchants to accept contactless payments without needing new equipment. CEO Ronny Yakov highlighted the importance of these payment methods among consumers using mobile devices, emphasizing the integration's ease for merchants. The SecurePay system processes these transactions securely and efficiently, ensuring compatibility across various devices. For implementation, merchants can set up accounts through OLB's contact page.