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SmartCard Marketing Systems Inc.: SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Transition To Mobile-SmartPhone Application

Posted on: Mon, 08 Nov 2010 05:05:34 EST

The company announced today the transition from E-commerce platform to Mobile- Smartphone application to power its Prepaid Debit Card services management platform for "on the go" customers with added fund load request agent.

SmartCard Marketing Systems Inc. CEO Massimo Barone said "The Mobile-Smartphone market has tremendous influence on how we must plan, deploy and market our services and solutions to customers. The Money Remittance and Payment Processing sector for Peer2Peer transfers has become the most significant market segment to participate in and the preferred method has become Mobile-Smartphone communication. We have the proprietary server based platform necessary to scale from and the financial products to tailor to this market segment without much delay or costs. With the right affiliates and partners we can benefit from the fast growing pace the mobile industry has to offer and transition smoothly. Our recent series of contracts has given us the opportunity to pilot and field test our Mobile-Smartphone application in a closed environment of approximately 20k clients which once successful and securitized can be marketed openly to all retail clients as a free download. We will make available the option to buy from our product catalogue of prepaid debit cards domestically or internationally giving us a significant advantage in the market and a tremendous opportunity to bridge clients cross border in Peer2Peer transfers participating in an industry currently processing over $40 Billion annually in remittances by way of Fund Transfer locations, Banks and Online Merchants.

About SmartCard Marketing Systems Inc.

SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG | PowerRating) is a proprietary developer of Payment technology and Card Management platforms for the Financial Industry. The company markets its proprietary payment platform Velocitymoney.com with its payment loading network Velocitymoney(TM).

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