SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Increased Demand For Prepaid Re-loadable Debit Cards And Service Accounts

November 11, 2009 9:57 AM EST

SAN ANTONIO--(BUSINESS WIRE)-- SmartCard Marketing Systems Inc (PINKSHEETS: SMKG) CEO Massimo Barone Stated, "We have had increased demand for prepaid re-loadable debit cards for the month of October which resulted in over 6000 cards for the single month. This significant response from our Merchants represents important placement for incoming activations of new customer accounts.

Our business is built on "Customer Transactions" and the usage of the financial instruments (Email transfers, Bill pay, Pin Debit, ACH,EFT) made available to the Merchant and Consumer through Velocitymoney.com. With the significant increase of new customers activating service accounts with us we continue to strengthen our position in the Global Marketplace and brand the Velocitymoney(TM) as a key player in the Alternative Payment Services industry.

Typical Client Scenario

A typical merchant will register with Velocitymoney.com with a pool of existing or new customers then proceed to have them registered for the services and products we make available under agreed terms. Traditionally we have experienced an average of 6 transactions a month resulting in generated fee's of $2.85 USD a customer not including the acquisition of a pre-paid debit card."

    Source: SmartCard Marketing Systems Inc

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