SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Posts 1000% Gain in Payment Processing Volume in November 2008 Compared to S
12 Dezember 2008 - 3:00PM
Marketwired
SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today
that their Prepaid Card loading, Pin Debit and Bill Payment
processing volume increased over 1000% in Payment processing
totaling $620k for the month of November 2008 as compared to same
period last year $60k. This trend of growth is anticipated well
through 2009 and 2010 as the company attains a moderate threshold
and active customer base.
(PINKSHEETS: SMKG) CEO Massimo Barone said, "What we are
experiencing now is continued demand of our products and services
from payment industry merchants. Throughout 2008 we continued to
focus on delivering our technology platform and expertise to these
merchants via Velocitymoney.com and Velocitymerchant.com. We
believe strongly that fulfillment of backorders reaching market in
January through March 2009 will impact sales and add substantial
transaction revenues to our existing business mid year and
ongoing."
Overview:
Studies show that the trend toward consumers using debit cards
instead of credit cards continues to grow. (PINKSHEETS: SMKG)
business model involves capturing a significant share of the
estimated 28 billion debit transactions that occur every year and
capture market share in alternative e-commerce payment transactions
segment."
We seek safe harbor.
Contacts: SmartCard Marketing Systems Inc. Max Barone CEO
1-866-774-2555 maxbarone@gosmartcard.com www.gosmartcard.com
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