Welcome to our dedicated page for OLB Group news (Ticker: OLB), a resource for investors and traders seeking the latest updates and insights on OLB Group stock.
The OLB Group, Inc. (NASDAQ: OLB) is a diversified FinTech and Bitcoin mining company active in data processing, hosting, and related services, with a focus on merchant payments, digital commerce platforms, and secure transaction processing. This news page aggregates company-issued announcements and other coverage so readers can follow OLB’s ongoing developments in payments technology, digital assets, and services for small businesses and underserved consumers.
Recent OLB news has highlighted several themes. The company has announced security milestones for its SecurePay payment gateway, including achieving PCI DSS Version 4.0 certification and launching a 3D Secure (3DS) access control service for card‑not‑present debit and credit card transactions. These updates emphasize OLB’s focus on payment security, fraud mitigation, and alignment with major card network requirements.
OLB’s news flow also covers product and platform launches, such as its payment facilitator (PayFac) service for small businesses and initiatives under the MOOLA Cloud and MOOLA Pay brands aimed at unbanked and underbanked consumers, particularly through bodegas and convenience stores. In addition, the company regularly reports on the planned spin‑off and public listing process for its Bitcoin mining subsidiary, DMint, Inc., including S‑1 filings, Nasdaq listing steps, and anticipated share distributions to OLB stockholders, subject to regulatory and market conditions.
Corporate governance and shareholder matters appear in OLB’s announcements as well, including notices of annual meetings of stockholders and proxy-related information. Investors and observers can use this news page to monitor updates on payment security initiatives, new financial products, DMint’s spin‑off progress, and other strategic actions disclosed by the company over time.
The OLB Group (NASDAQ: OLB) has been selected by EZ Sports Technologies to provide merchant services to three Class D minor league baseball teams managed by National Sports Services. The teams, including the Lafayette Aviators, Johnstown Millrats, and Spartanburgers, will implement OLB's technology in their stadiums before the upcoming season. This partnership aims to enhance digital commerce capabilities, improving ticket sales, concessions management, and merchandise sales. OLB currently serves over 8,500 merchants, leveraging its Omnifast platform for seamless business operations.
The OLB Group, Inc. (NASDAQ: OLB) has launched a new contactless payment option for merchants using its OmniSoft™ platform and SecurePay™ Payment Gateway. This feature allows customers to make payments via transaction-specific QR codes. Merchants can select funding sources, including Apple Pay®, Google Pay®, and cryptocurrency wallets. Additionally, OLB facilitates NFC transactions for further convenience. CEO Ronny Yakov emphasized the importance of adapting to consumer preferences, providing a secure and efficient solution to meet market demand.
The OLB Group, Inc. (NASDAQ: OLB) reported financial results for the year ending December 31, 2020. Key highlights include total revenue of $9.77 million and operating expenses of $10.50 million, leading to a net loss of $1.78 million. The company up-listed to NASDAQ, raising approximately $6.4 million in capital, and acquired the DoubleBeam portfolio of merchants. Additionally, OLB implemented a payment gateway supporting cryptocurrency and contactless payments, and became debt-free after paying off $7.4 million in loans.
The OLB Group (NASDAQ: OLB) has successfully completed an early payoff of its $7.7 million acquisition-related senior term loan, originally taken in April 2018. This move will save the company approximately $0.72 million in annual interest and remove restrictive covenants. CEO Ronny Yakov expressed confidence in the company's position to pursue profitability and acquisitions without debt. The firm is also commencing the fiscal year debt-free, having launched three major applications since the last quarter.
The OLB Group (NASDAQ: OLB) announced that its SecurePay payment gateway is now optimized for cryptocurrency processing, enabling merchants to accept various cryptocurrencies with efficiency. The gateway supports Bitcoin, Ethereum, USDC, and DAI, and is wallet agnostic, integrating with wallets like MetaMask and Coinbase. Transaction fees are collected in the original currency, speeding up the process. This advancement allows merchants to handle both crypto and traditional payments without additional equipment, and typically at lower fees compared to credit card transactions.
The OLB Group (NASDAQ: OLB) has enhanced its SecurePay payment gateway to facilitate seamless payment acceptance through popular social media platforms and lifestyle apps. This integration allows merchants to manage secure transactions efficiently via platforms such as Facebook, Instagram, and TikTok. CEO Ronny Yakov emphasized the flexibility this provides to merchants in connecting with customers where they are. SecurePay also supports Apple Pay and Google Pay integration, further broadening its service offering.
The OLB Group (NASDAQ: OLB) has announced that its SecurePay payment gateway now supports transactions using cryptocurrency wallets. This integration allows seamless and secure transactions at any point of sale, utilizing major digital wallets like Apple Pay and Google Pay. Merchants can accept various cryptocurrencies, including Bitcoin and Ethereum, without needing to change existing equipment. The service enables merchants to receive payments in U.S. dollars while maintaining security through blockchain technology.
OLB Group, Inc. (Nasdaq: OLB) will feature CEO Ronny Yakov on The RedChip Money Report airing on Bloomberg Television on February 13 at 7 p.m. local time. This program is viewed in 73 million homes in the U.S. and 100 million homes in Europe. Yakov will discuss OLB's merchant services, electronic payment processing, and crowdfunding solutions. OLB specializes in cloud-based services for both online and brick-and-mortar businesses, providing an end-to-end digital commerce solution.
The OLB Group, Inc. (NASDAQ: OLB) has upgraded its SecurePay payment gateway to support cryptocurrency transactions, including Bitcoin, Ethereum, USDC, and DAI, across all merchant platforms. This upgrade enables merchants to accept contactless payments without altering existing equipment. CEO Ronny Yakov emphasized the importance of adapting to digital currencies, highlighting the expected growth of the global payments industry to $8.94 trillion by 2027. The SecurePay system is compatible with various devices and integrates seamlessly with merchants' current payment systems.
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.