RDATE:01102008
Smartcard Marketing Systems (SMKG:PINKSHEETS) announced today that
their Card loading, Pin Debit and Payment processing volume increased
in triple digits for the month of August 2008 over August 2007. The
company posted a 266% gain in card loading and payment processing for
August over last year, growing from $44,560 in August 2007 to $163,300
in August 2008.
(SMKG:PINKSHEETS) President Bruce Baillio said, "This continued
dramatic growth marks the emergence of the company from its product
development stage into full production and product delivery mode. As
more of our backlog of orders is fulfilled, the company expects to see
an even more dramatic increase in payment processing and fee revenues
generated from merchant and consumer use.
Our business model is benefitting from the worldwide trend of consumers
moving from credit cards to debit cards. A 2007 report from Callahan &
Associates found that in 2006, debit card usage surpassed credit card
usage for the first time, with consumers conducting over 26.5 billion
debit transactions at the point-of-sale in 2006."
We seek safe harbor
www.Velocitymoney.com
Management is determined to become the leader
Online for Money Remittance, Prepaid cards and Pin Debit online
processing and to set the standard for a global secure funds transfer
platform with multi-currency settlement worldwide."
We seek safe harbor.
CONTACT: Max Barone, CE0, Smart Card Marketing Systems Inc
Tel: +1 866 774 2555
e-mail:
maxbarone@gosmartcard.com
WWW:
http://www.gosmartcard.com
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