Veritec's blinx On-Off Debit Card With the World's First "On" and "Off" Feature for Mobile Phoneses

Debit Card Sponsor and Marketing Agent Introduces Veritec's blinx On-Off^TM Debit Card With the World's First "On" and "Off" Feature for Mobile Phones

Veritec Inc. is the pioneer and patent holder of

two dimensional (2D) matrix coding technology.

GOLDEN VALLEY, MN--(Marketwire - April 30, 2010) -  Van Tran, CEO of Veritec, Inc. (PINKSHEETS: VRTC) today announced the signing of a marketing agreement with The Bolin Group, Inc., a Texas Corporation, to begin marketing its blinx On-Off™ card and PhoneCodes™ technologies. "The Bolin Group has a wealth of knowledge and experience with debit and e-commerce platforms and is a great partner to bring our product to market," said Ms. Tran. The Bolin Group President, Bud Bolin, said, "Veritec's patented and proprietary technologies provide a sophisticated feature-functionality set that puts them at the forefront of prepaid debit card products that are available in the marketplace today. The blinx On-Off™ card will provide consumers who do not use traditional banking services with security, control and peace of mind they do not have available to them today. We are excited about the future with Veritec and believe their proprietary technology and security features available with their mobile banking platform will revolutionize the use of prepaid debit card products."

Veritec's mobile banking software platform processes debit, pre-paid and gift cards solutions to debit card issuers and sponsoring organizations. Under the blinx On-Off™ card program, card issuers and sponsors may provide Veritec's private branded debit or gift cards to individuals with or without an acceptable credit history. The blinx On-Off™ card features the ability to turn card use on and off, make real time money transfers, and to provide notifications of card use. Cardholders have security and convenience while traveling and managing their funds, as well as transferring amounts from card to card or account to account, in real time anywhere in the world. Veritec technology can be deployed as either a closed or open loop processing platform.



Veritec's instant issued MTC™ and blinx On-Off™ card programs, on Veritec's mobile banking platform, are connected to Security First Bank of Fresno, California.

About Veritec, Inc., VTFS

Veritec, Inc. is a pioneer and developer of proprietary 2-D barcodes. The company's portfolio of products includes its proprietary VeriCode® and VSCode® symbology, Bio ID- VSCode® multi-purpose card solutions, and suite of products known as PhoneCodes™ for delivering electronic tickets, coupons and gift cards to mobile devices (www.veritecinc.com). Veritec Financial Systems, Inc. is a wholly owned subsidiary of Veritec, Inc. VTFS develops and licenses mobile banking, debit, gift and prepaid card solutions and serves as a third party processor to banks for debit card transactions on the company's mobile banking platform (www.vtfs.com) and (www.blinxcard.com).

About The Bolin Group, Inc.

The Bolin Group, inc. ("tBg"), founded in 2000, is a professional services company specializing in BankCard & e-payments/currency solutions. tBg provides card based or virtual account currency system platforms in conjunction with global consulting and support. Prepaid debit products and services provided by tBg have allowed corporate clients to offer a wide range of payment solutions in support of their specific promotional, incentive, rewards or direct payment needs.





Tags: Mobile Payments, mCommerce, mPayments, Mobile Transactions, MobeePay