SmartCard Marketing Systems Inc. Signs Significant Agreement to Expand Capability of PIN Debit Terminals to Include Standard Credit Card Merchant Processing Services
SAN ANTONIO, Feb 26 /PRNewswire-FirstCall/ -- SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) announced today the signing of a significant agreement with SMKG President Bruce Baillio said, "The HomeATM is an important addition to our VelocityMoney.com payment platform. VelocityMoney.com is positioning itself to be the new standard in online wallets, money transfer and payment processing platforms. We want to be faster, less costly and give more value than the other online pay sites or Money Service businesses with the unique card present services of PIN Debit and Credit Card which has never been possible prior for such a low cost.
This new agreement adds complete credit and debit card processing capabilities to qualified merchants, online or brick-and-mortar, using the HomeATM device. The revolutionary feature of this product is its tremendous power and incredibly low cost. We can give an online or retail merchant highly secure, military-grade encryption for all his/her credit or debit card transactions at very competitive rates through a USB device for less than $50 installed - an industry wow."
The original HomeATM device is a patented online payment solution for individuals and merchants. It uses the most comprehensive authenticity and verification technology available. VelocityMoney.com has seamlessly integrated this device into its payment platform, so anyone can securely and instantly move money from a debit or check card into their VelocityMoney.com online wallet for further usage.
Mitchell Cobrin, HomeATM's COO stated, "We are pleased to add standard credit card merchant services to our one-of-a-kind Debit processing technology. Although no other service provides online merchants our unique benefits of no reserves, guaranteed instant funds, no delays in funding and low price, the additional capability that this agreement brings gives our customers the complete range of card payment options, expanding our reach to brick-and-mortar merchants as well as online merchants." As Mitchell likes to say, "Imagine being able to transfer money ANY time, ANY where. That is what VelocityMoney.com and the HomeATM have accomplished."
SMKG CEO Massimo Barone stated, "We believe strongly that this will lead to immediate results in new merchant orders as well as orders from Merchant's switching over from traditional Point of Sale terminals that are more costly to maintain and operate and this does not include the direct benefit made to businesses on the go that desperately require payment solutions for their businesses on the go."
We seek safe harbor.
SOURCE SmartCard Marketing Systems Inc.
