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DISC enables the trusted exchange of data in ways that reduce costs, improve security and allow individuals to control the ownership and use of their transaction and identity information.

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Rivetz Acquires DISC to Add Mobile Payments Platform and Enable Blockchain-Secured Smart Money


Richmond, Mass. – June 6, 2018Rivetz, the leading decentralized mobile security solutions provider, today announced it acquired DISC Holdings Ltd., a developer of secure mobile blockchain-based payment applications.

The acquisition is part of the Rivetz strategy that combines the Trusted Execution Environment (TEE) already built into the hardware of millions of devices with the immutable record-keeping of blockchain technology to deliver true e-commerce security to consumers.

By leveraging state-of-the-art payment technology and hardware-level security standards, Rivetz enables money-with-policy to empower the next generation of consumer payment models for consumer devices.

The DISC Platform uses blockchain and distributed ledger technology to offer a faster, more efficient, secure and cost-effective alternative to existing payment platforms. Its smart payment app guides consumers toward more efficient and dynamic money management, along with providing secure payment functionality.

Rivetz technology will enable the platform to provide the tools for users to manage and operate their personal digital assets including identity, budgets, fiat payments, and cryptocurrency assets. The system leverages the decentralized capabilities of blockchain to enable transparency between merchants and their users, while simultaneously protecting user privacy and data. The DISC solution has been built to support the European Union’s General Data Protection Regulation (GDPR) for data privacy and protection.

The DISC platform is modernizing today’s payment service models by providing support for consumers both with and without traditional bank accounts. The solution provides an unparalleled user experience and initially was launched as part of the U.K.’s Financial Conduct Authority (FCA) sandbox for innovative payment technology, enabling both peer-to-peer transactions as well as support for legacy payment models. DISC Holdings is regulated by the FCA as a small payment institution and the DISC platform is currently in active operation in the U.K.

“DISC is providing a proven blockchain-based payment solution for the U.K., and we’re enthusiastic to expand the DISC footprint and feature set by leveraging Rivetz technology,” said Steven Sprague, founder and CEO of Rivetz. “By combining the strengths of Rivetz and DISC, we plan to set a new bar on the consumer mobile payments experience and simplify consumer access to our ecosystem by growing the services of identity, messaging and blockchain.”

“Our smart-money app is giving rise to a new system of secure money exchange for those outside the mainstream banking system,” said Robert Kay, director of DISC Holdings. “We are now joining forces with Rivetz to usher in a new era for the secure exchange of goods and services.”

About Rivetz
Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device plays a critical role in automating security and enabling the controls that users need to produce high assurance data and benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. They were selected for Telecom Council's prestigious Innovation Showcase Class of 2018. Find out more at www.rivetz.com and follow Rivetz on Facebook, Twitter, YouTube and Telegram.

About DISC Holdings
The DISC (Digital Identity Security Company) Platform architecture provides a framework for managing and transacting digital assets. Based on an inovative blockchain foundation Disc provides the model for users to interact with digital assets. The DISC Platform consists of two initial applications: smart money and smart messaging. Find out more at www.discholdings.com.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Statements regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, the statements relating to GDPR readiness and compliance may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.


All trademarks and product names are the property of their respective companies.

Media Contact:
Nikki Dance
FortyThree, Inc.

MasterCard response awaited to CMA concerns

The issue of competition in payments infrastructure will be not resolved by the CMA’s decision on MasterCard’s proposed acquisition of VocaLink.

The request to MasterCard from the Competition and Markets Authority (CMA) that it address potential concerns on the company’s acquisition of Vocalink will be revisited this week. The CMA has given Mastercard a deadline of 11 January to satisfy it that no further investigation into the impact of the deal is warranted.

Mastercard, for its part, welcomed the CMA decision. “The thoroughness of the CMA’s review reflects the significance of this deal and its potential for the industry,” said a spokesperson for MasterCard, who pointed out that the CMA has no concerns related to BACS or the Faster Payments Service, but only to the LINK ATM scheme. The CMA is seeking assurance that the merger will not reduce competition in service provision to cash machines using Link ATM technology.

In July, MasterCard announced that it had acquired Vocalink, which underpins an estimated £6 trillion of UK payments a year, including most salaries, household bills and state benefits. In addition to LINK, VocaLink operates payments technology platforms for BACS, the Automated Clearing House, and Faster Payments, the real-time account-to-account service.

Announcing the CMA decision, Andrea Coscelli, acting chief executive of the CMA, stressed the importance of LINK having “a good choice of providers when it comes to supplying the necessary infrastructure so it can take advantage of the opening up of payment systems to competition.”

The LINK ATM network connects the UK’s cash machines and is recognised under section 184 of the Banking Act 2009 as an inter-bank payment system. Its membership includes the UK’s main debit and cash machine card issuers as well as all the main cash machine operators, both bank-owned and independent.


The alleged concern is over the ownership of one of the three credible providers of infrastructure services to LINK passing to one of the remaining potential providers. However, a market review in February 2016 by the Payment Systems Regulator, the sectoral regulator, already expressed concern that the collective ownership of VocaLink was having a negative impact on innovation and competition in the industry. “The Bacs, FPS and LINK interbank payment systems are currently owned by a relatively small number of banks, who also own the main infrastructure provider these systems rely on, VocaLink,” the PSR noted. “While this ownership arrangement has resulted in payment systems that are relatively robust and resilient, there have been concerns that it may limit competition and in turn limit innovation.”

Whether or not the CMA pursues further investigation of the MasterCard/VocaLink deal, the question of competition with LINK –rather than for services to LINK – will remain open. The PSR recently proposed mandating a competitive procurement process to enable new infrastructure providers with different technology to enter the market.