ShipMoney and SBNTEX sign a Marketing and Business Development Agreement

Accountancy, Banking, Corporate Social Responsibility, HR, Marine Equipment Products and Services — By on February 7, 2014 at 1:35 AM

MPS SO cardsFT. LAUDERDALE, FLORIDA and MUMBAI, INDIA. Maritime Payment Solutions, LLC – Program Manager of the Visa ShipMoney Program is pleased to announce that it has signed a multi-year Marketing and Business Development Agreement with SBNTEX, a wholly owned subsidiary of SBN Technologics.

Under terms of the multi-year Agreement, SBNT will market and promote the ShipMoney Program to its customers and prospects throughout the world for the commercial maritime industry independently or as an integral component of SBNT’s payroll CTM module (PRC).

S.B. Nair of SBNT stated “Visa ShipMoney is a fantastic new benefit program for captains and crew that provides a safe, inexpensive alternative to cash onboard. The Program offers a perfect strategic solution for our payroll and cash-to-master modules.”

ShipMoney for Crew is a prepaid Visa payroll card that provides an alternative to receiving wages in cash or wires home. Crew can use their ShipMoney Visa cards worldwide at ATM’s, online purchases, stores, restaurants as well as to send money home to friends or family.

ShipMoney for Captains is a prepaid Visa purchasing card that provides an alternative way to pay for provisions, emergency repairs and other ship expenses. Cards can be loaded (and unloaded) 24/7/365 with real-time and customized reporting. ShipMoney for Captains provides treasury management with a flexible tool for funding ship operations at a significantly reduced cost.

“The response and interest from SBNT’s clients has been tremendous. ShipMoney provides significant treasury flexibility regarding onboard cash and reduces the cost of sending funds to the vessels. An important factor in today’s difficult market” noted Stuart Ostrow, President of Maritime Payment Solutions.

About Maritime Payment Solutions, LLC
Maritime Payment Solutions, LLC – Program Manager for the ShipMoney Program is a subsidiary of
Global Technology Partners (GTP) with a minority interest held by Inmarsat Maritime. GTP is one of the
largest international core processors of prepaid cards, providing services to numerous financial
institutions. GTP is certified by VISA CEMEA and offers EMV, multi-currency cards with a comprehensive
mobile payments capability. The GTP system is a database driven and rules based platform that provides
cardholders access to Visa’s worldwide network of automated teller machines (ATM’s), point-of-sale
(POS) devices and internet based merchants. Visit

SBNTEX FZE is a subsidiary of SBN Technologics Pvt. Ltd. SBNT provides a wide spectrum of products to
the ship management industry. The SBNT Integrated Application Suite or S-IAS comprises the Office
modules (ShipMate Stack) and the Vessel Modules (SeaMate Stack) which include crew management,
planned maintenance, budget and accounting, quality and safety, stores and purchase administration,
rest/work hours management and decision support. SBNT has installations across over 500 vessels, 200
locations and 50 countries which include a broad spectrum of maritime companies. Visit

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