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As part of its promise to never cancel law-abiding customers for their beliefs, Old Glory Bank announces its proprietary closed-loop payment system, Old Glory Pay.
“Old Glory Pay is our own cancel-proof peer-to-peer payment solution”
Headquartered in Elmore City, Oklahoma, and providing mobile banking solutions from sea to shining sea, Old Glory Bank is the first FDIC-insured, chartered bank to openly support America, its flag, freedom, patriotism, the military and first responders.
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“Old Glory Pay is our own cancel-proof peer-to-peer payment solution” states Steve Paganucci, Chief Security Officer of Old Glory Bank, a 24-year veteran of the FBI who retired as their head of Covert Finance. “Unlike many ‘legacy’ payment processors, Old Glory Pay will never cancel a law-abiding customer for exercising their freedoms.”
According to Paganucci, with Old Glory Pay, customers of Old Glory Bank can send payments to each other (peer-to-peer) instantly and without fees. Because their money never leaves the Old Glory ecosystem, no external entity can ever interfere with their transaction. “Old Glory Pay will seamlessly integrate with our Old Glory Bank App, so that you will see in real-time money you sent or received,” states Paganucci. “Another benefit of Old Glory Pay will be an immediate settlement of funds among bank customers, so there is no waiting on your money,” explains Paganucci.
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Old Glory Pay will be available with Old Glory Bank’s mobile banking platform in early March 2023. Soon after launch, online merchants will also be able to accept Old Glory Pay so that customers will be able to make purchases with Old Glory Pay. “Payment processing is only the start,” says Paganucci. “We have many more features lined-up to bring freedom loving Americans innovative payment solutions, including our own fundraising platform.”
Cloud Payments, LLC, is a strategic technology partner of Old Glory Bank which developed the Old Glory Pay App, built in America by American workers. “We are proud to partner with a pro-America company that shares our beliefs in love of country, respect for the flag and the promise of liberty,” says Paganucci.
Mike Love, CEO of Cloud Payments states “We are very excited to partner with Old Glory Bank in the creation of Old Glory Pay which leverages our patented mobile payments technology platform. Having deployed more than 85 payment ecosystems around the world in over 50 countries, it is especially rewarding when we partner with innovative companies here in the USA.”
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