SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Signs Agreement with Canadian Financial Service Provider for 4000 Pin Debit
22 August 2008 - 3:00PM
Marketwired
As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG)
"Management is pleased to announce that we have signed an agreement
to provide 4000 Pin debit and Prepaid cards to a Canadian Financial
service provider in Canada with online and retail services, this is
additional from the 9000 with Kiyss.com.
The agreement includes the use of the Velocitymoney.com loading
network, Pin Debit "HomeAtm" and instant issue prepaid cards for
money remittance services. The agreement established is over a
period of 2 years to fulfill delivery giving access to their
members, which will double our existing number of accounts and make
the Velocitymoney.com a service leader in the online payment
segment. The price established per customer implemented is $27.50
for a total of $101,000.00 dollars with an estimated number of 8
transactions per month of $150.00 to $240.00 range. This does not
include email money transfers, card to card transfers or
multi-currency settlement between clients once funds in
transit.
Velocitymoney.com continues its strong growth through 2008 and
believes strongly that 2009 will see more aggressive growth as more
merchants and financial institutions continue to realize the
benefits of our services online worldwide.
We seek safe harbor.
Contacts: Smart Card Marketing Systems Inc. Max Barone CEO
1-866-774-2555 maxbarone@gosmartcard.com
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