SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) To Open Payment Loading Gateway to Competing Card Issuers And Their Customers

SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) CEO Massimo Barone said, "We continue to have significant demand from merchants and their customers with the need to fund and manage their Prepaid cards from competing Issuers. Currently we have focused on our approved card programs but with the demand from Issuers without a national presence make’s our offering to them fundamental.

The Prepaid Card industry is significantly growing as Debit transactions are surpassing Credit transactions in the US for the first time and the necessity for an existing and recognized Payment Loading Gateway “Velocitymoney.com” to fund cards has created an important opportunity. Our existing capacity and Financial Institution partners worldwide allow us the capacity to compete in the E-wallet segment and Load Network space at competitive levels.

We seek safe harbor