April 29, 2011 08:00 AM Eastern Daylight Time
HOUSTON--(BUSINESS WIRE)--cMoney, Inc. (OTCBB:CMEY), a Houston-based company at the forefront of global mobile phone-based payment and money transfer utilizing secure patent pending technologies for mobile phone users, retailers, and financial institutions, continues to innovate and strengthen the cMoney brand globally, with its latest technology enhancement to its existing solution, now allowing the movement of money between ATMs.“I am pleased to confirm that all cMoney registration papers have been filed to bring our account current.”
Business development plans - cMoney continues its in-depth discussions with major players in the industry, currently under Non-Disclosure Agreements. cMoney is currently in negotiation with a major financial partner to accelerate the deployment of cMoney’s latest exciting technology.
Moving forward towards submission of S-1 – cMoney continues, with its previously announced partners, to prepare for the submission of its expedited Form S-1/A.
Nevada Secretary of State filings - Mr. Matthews, CEO of cMoney stated, “I am pleased to confirm that all cMoney registration papers have been filed to bring our account current.”
Ongoing research – our cMoney solution continues to receive positive feedback in our business development discussions, technology developments, shareholder feedback and from the market. Another enhancement slated for rollout in the cMoney solution will offer our customers a new virtual credit card geared specifically to their spending habits while enhancing their credit worthiness.
Technology development – The latest hype of other mobile payment carriers and credit card providers is the “arrival“ of NFC, (Near Field Communication). NFC suppliers claim their unprecedented technology will enable a chip, which will be embedded into future phones, will allow their customers to benefit from various mobile payment technologies still being installed. Our cMoney solution, once launched, will offer every one of our customers the opportunity to use the cMoney solution. With our cMoney solution, there is no need to purchase a new cell phone, no need to visit only NFC enabled stores (where in some locations purchases are limited to less than $100.00) and more importantly our cMoney solution performs all these compatible functions.
Further cMoney’s introduction of our revolutionary technology is state of the art, and will trump the NFC concept allowing our customers new financial freedom. The cMoney solution provides for credit card data never being revealed; implementing store discount, coupons, and loyalty cards; sending money from cell to cell instantly, bank to bank and ATM to ATM , securely, all at a very reasonable rate. cMoney will act as your own personal bank, if you do not have a banking relationship at present. Most importantly, merchants do not have to change or upgrade their equipment and online purchases over the internet can be made securely without disclosure of your personal data.
Mr. Matthews added, “In summary, cMoney continues to innovate, strengthen our brand and improve on the latest technology developments allowing us to rapidly move forward towards our initial stated goal of a successful Hard Launch.”
About cMoney, Inc.
cMoney, Inc., a Houston-based technology company that provides innovative secure mobile payment solutions for mobile phone users, retailers and financial institutions, has developed an innovative way to send money and pay for goods and services using a mobile phone and the text messaging system protected by patents. Scheduled to debut in 2011, the pioneering technology will create a “virtual wallet” that will eliminate exposure to identity and credit card theft for users. It can be used anywhere that cash, checks, ATMs or credit cards are accepted. For more information, visit www.cmoney.com
