RDATE:15102008
Smartcard Marketing Systems Inc.(SMKG:PINKSHEETS) announced today that
their Prepaid Card loading, Pin Debit and Payment processing volume
increased in triple digits to $367,000 USD for the month of September
2008 over September 2007 and over last month, August 2008. The company
posted a gain in card loading and payment processing for August upto 10
times larger than last year's August total and 226% greater than even
last month, setting a new payment processing record for the company.
(SMKG:PINKSHEETS) President Bruce Baillio said, "This striking growth
is the result of continuing to fill our backlog of prepaid card orders
and the launch of our VelocityMoney.com Online Bill Pay service both in
Canada and the US. The Canadian market for Online Bill Pay is much less
crowded than the US market. The company expects to see exceptional
growth in this segment during the next 12 months.
The current uncertainty in the worldwide credit markets is actually
stimulating demand for our prepaid products and services. When
consumers' credit lines are decreased, they turn to prepaid cards to
maintain the convenience of using a branded card to make purchases,
because their credit cards are topped out. (SMKG:PINKSHEETS) is seeking
to capitalize on the move from credit to debit transactions at the
point of sale and capture a share of the 26.5+ billion (as of 2006)
consumer debit transactions."
We seek safe harbor
www.Velocitymoney.com
Management is determined to become the leader in
Online Money Remittance, Prepaid cards and Pin Debit online processing
and to set the standard for a secure funds transfer platform with
multi-currency settlement capabilities worldwide." We seek safe harbor.
CONTACT: Max Barone, SmartCard Marketing Systems Inc
Tel: +1 866 774 2555
e-mail:
maxbarone@gosmartcard.com
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