HomeATM Partner Procures Canadian Financial Provider

HomeATM Partner Procures Canadian Financial Provider

Posted by John B. Frank Friday, August 22, 2008

SAN ANTONIO, TEXAS, Aug 22, 2008 (MARKET WIRE via COMTEX) -- As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) "Management is pleased to announce that we have signed an agreement to provide 4000 Pin debit and Prepaid cards to a Canadian Financial service provider in Canada with online and retail services, this is additional from the 9000 with Kiyss.com.

The agreement includes the use of the Velocitymoney.com loading network, HomeATM's Pin Debit solution and instant issue prepaid cards for money remittance services.

The agreement established is over a period of 2 years to fulfill delivery giving access to their members, which will double our existing number of accounts and make the Velocitymoney.com a service leader in the online payment segment. The price established per customer implemented is $27.50 for a total of $101,000.00 dollars with an estimated number of 8 transactions per month of $150.00 to $240.00 range. This does not include email money transfers, card to card transfers or multi-currency settlement between clients once funds in transit.

Velocitymoney.com continues its strong growth through 2008 and believes strongly that 2009 will see more aggressive growth as more merchants and financial institutions continue to realize the benefits of our services online worldwide.

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