SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Continues Triple-Digit Growth in September 08 and Month Over Month Compared
14 Oktober 2008 - 4:30PM
Marketwired
SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) 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.
(PINKSHEETS: SMKG) 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. (PINKSHEETS:
SMKG) 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."
Contacts: 1-866-774-2555 Maxbarone@gosmartcard.com
www.gosmartcard.com
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