SmartCard Marketing Systems Inc (PINKSHEETS:SMKG) Money Remittance Key Factor In Growth Strategy For 2010

SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) CEO Massimo Barone Stated "The Money Remittance Market continues to be the obvious segment for growth year over year with the importance of broadening the company’s reach into Emerging Markets throughout 2010. Our Treasury solutions in alliance with European and Asian partners will significantly contribute to the growth of “Peer to Peer” transactions which will play an integral part allowing International customers to bridge transactions with North American customers.

The Velocitymoney™ platform has reached an important audience of Merchants Internationally to cross sell to customers Prepaid Debit Cards and Money Remittance services such as: Bill Pay, Pin Debit, EFT, ACH, Email Pay and FX services bundled. The emphasis has primarily been to engage the customer in transacting through Velocitymoney.com and to ultimately deliver Mobile, Smart Phone and Social Networking applications managed under the same platform.

Key Developments

During the previous 4 months the company added 3 new Prepaid Card Programs that are currently underway with anticipated delivery during the 1st and 2nd Quarter of 2010. Updates on rollouts will be communicated as card programs commence delivery. Furthermore the number of Request For Proposals and Agency agreements has more than doubled improving the company’s future outlook.”

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