Skip to main content

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Posts 745% Gain in Payment Processing Volume for February 2009 as Compared to Same Month Last Year

SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) announced today another record high month in their Prepaid Card loading, Pin Debit and Bill Payment processing volume for February 2009. The company saw an increase of 745% in its payment processing business over February of 2008. This marks the tenth month in a row that SMKG has posted double- or triple-digit gains in monthly processing volume. The company has gone from processing $1 million in the first 6 months of 2008 to now over $1 million per month.

The company continues to deliver new prepaid card programs and increase distribution of the HomeATM Pin Debit solution to small businesses, home businesses and online merchants in segments of business (auctions, online catalogues, travel, rentals) and much more. Upgrades to its financial platforms Velocitymoney.com and Velocitymerchant.com are part of the reason the company's revenues from transactions continue to grow.

SMKG CEO Massimo Barone stated, "We are very pleased with these achievements during this difficult economic time. The tightening of the credit markets has spiked interest in our prepaid solutions."

We seek safe harbor.

Contacts:

SmartCard Marketing Systems Inc.
Max Barone, CEO, 1-866-774-2555
maxbarone@gosmartcard.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.