FintechWerx Enters into Intellectual Property and Technology Asset Purchase Agreement to Acquire High Risk Shield
Publish Date: 2026-05-05 19:02:00
Source Domain: www.thenewswire.com
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Vancouver, British Columbia – 5 May 2026 – TheNewswire – FintechWerx International Software Services Inc. (CSE: WERX) (“FintechWerx” or the “Company”) is pleased to announce that it has entered into an Intellectual Property and Technology Asset Purchase Agreement (the “Agreement”), dated May 5, 2026, with 1470500 BC Ltd. (the “Seller”), an arm’s length party, and TrustWerx Solutions Inc. (“TrustWerx”), a wholly-owned subsidiary of the Company, whereby the Company, or at its option TrustWerx, will acquire all of the Seller’s right, title and interest in and to certain technology and intellectual property assets referred to as High Risk Shield (“HRS”).
HRS is a device intelligence and fraud mitigation solution designed to identify high-risk users, automated traffic, and known bad actors across digital commerce, affiliate marketing, and other high-risk online environments. Rather than relying solely on traditional identifiers such as IP addresses, documents, or surface-level verification methods, the technology focuses on device-level signals to detect repeat and malicious behaviour that may persist even as users attempt to mask or alter their identity.
It is designed for practical deployment alongside existing fraud and risk controls, enabling merchants, independent sales organizations, and payment service providers to improve traffic quality, reduce fraud-related losses, and strengthen risk decision-making without requiring complex enterprise integrations.
Under the terms of the Agreement, the Company has agreed, upon closing of the transaction, to:
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Pay $25,000 in cash to the Seller, which was previously advanced as a refundable deposit;
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Incur up to $25,000 in expenditures within 90 days of closing for integration of the technology and related marketing initiatives;
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Issue 650,000 common shares of the Company (each, a “Share”) to the Seller within 10 days of closing, subject to regulatory…
