ShipMoney celebrating 10 years providing digital payment solutions
(Posted on 14/02/24)
Founded in 2013 by Stuart Ostrow, a Florida-based CPA and entrepreneur, ShipMoney set out to challenge the archaic way seafarers were paid and to update the cash-based infrastructure that most cruise and commercial ships relied on for decades.
“On behalf of our entire team, we would like to personally thank all of our clients, vendors, partners and most importantly the crew members who we have worked very hard to serve every single day over the past 10 years and whom we will continue to support in the future,” said Mr. Ostrow.
“This has been such a remarkable journey from developing and implementing the first successful crew payroll card program for the cruise industry many years ago to developing our own proprietary digital maritime payments platform with annualized payroll funding exceeding $1 billion annually.”
“Strong financial partnerships are the foundation on which ShipMoney built the world’s most trusted maritime payments platform in the industry. Clients entrust us with billions of dollars of funds for their crew and the single most important factor to consider is the safety and security of these funds. ShipMoney’s funding structure offers the highest-level of protection and continuity in the industry by offering fully insured FDIC client accounts within the United States,” added Mr. Ostrow.
Latest News
Maritime appetite for cyber risk higher than other industries
(Posted on 20/11/24)A new report published by DNV reveals that the majority (61%) of maritime professionals believe the... Read more
NorthStandard adjusts for future with precautionary premiums increase
(Posted on 20/11/24)The return of higher claim volumes during 2024, increased exposure to larger claims, and continuing... Read more
ClassNK ELW on improving seafarers’ living conditions for Tokei Kaiun bulker
(Posted on 12/11/24)ClassNK has granted its ‘ELW (HP)’ (Excellent Living and Working Environment (Hydroponics... Read more
FONASBA elects new President and Board
(Posted on 12/11/24)The Federation of National Associations of Ship Brokers and Agents (FONASBA) has held its annual meeting... Read more
10,000 cadets benefit from Sailors’ Society virtual conferences
(Posted on 12/11/24)Record-breaking numbers of cadets and ratings from across the globe have attended the 2024 Sailors&rsquo... Read more
Algoma’s stronger quarter signals promising close to the year
(Posted on 04/11/24)Algoma Central Corporation has reported its results for the three and nine months ended September 30... Read more
Urgent need for updated medical guide for ships
(Posted on 04/11/24)Marine Medical Solutions, a key player in maritime healthcare, is raising awareness to the urgent need... Read more
KCC makes move into wind with bound4blue eSAIL system on newbuild
(Posted on 31/10/24)A subsidiary of Klaveness Combination Carriers ASA (“KCC”) has entered into an agreement... Read more
KCC makes move into wind with bound4blue eSAIL system on newbuild
(Posted on 31/10/24)A subsidiary of Klaveness Combination Carriers ASA (“KCC”) has entered into an agreement... Read more
Partnership to launch maritime Know-Your-Customer data platform
(Posted on 31/10/24)Baltic Exchange has launched a Know-Your-Customer (KYC) platform to give the maritime sector greater... Read more
