I did some DD as per Leaf67
Fintech sued by Home Trust over card management deal
2017-09-29 02:11 ET - News Release
An anonymous director reports
FINTECH SELECT LTD. SERVED WITH STATEMENT OF CLAIM
Fintech Select Ltd. (formerly SelectCore Ltd.) has been served by Home Trust Company with a statement of claim pursuant to the simplified rules of the ADR Institute of Canada.
The claim relates to a shortfall in a financing account created pursuant to a card management agreement among Fintech Select and Home Trust and, in particular, minimum monthly fees. The company has been disclosing these payables in its financial statements during the previous years.
The company intends to vigorously defend the action or, should management find such to be in the best interests of the company, to pursue settlement of the action with Home Trust.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive prepaid card programs, mobile banking solutions and cryptocurrency technologies. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Its mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and cryptofinancial transactions. It is working on creating a widespread fintech and cryptocurrency ecosystem through its network of partners leveraging its prepaid cards and (point of sale) solutions.