SAN ANTONIO, TEXAS -- 10/01/08 --
Smartcard Marketing Systems (PINKSHEETS: SMKG) 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.
(PINKSHEETS: SMKG) 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.
Contacts:
Smart Card Marketing Systems Inc.
Max Barone
1-866-774-2555
maxbarone@gosmartcard.com
www.gosmartcard.com
