SmartCard Marketing Systems, Inc. (SMKG.pk) (QYH.f) Announces Sales and Supply Contract with Hest Technologies Inc.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- SmartCard Marketing Systems Inc. (SMKG SMKG Sekolah Menengah Kebangsaan (Malaysia) .PK) (QYH.F), a leading provider of prepaid cards, smart stored value cards and payment transaction management services, announced today that it has signed a supply contract with a major electronic equipment manufacturer to sell its prepaid network branded debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in connection with the client's newest product, a stand-alone card loading station. The company estimates that the initial contract will be worth $50,000 - $75,000 in revenue within the first 12 months after product release, which is expected in the 3rd quarter of this year this does not include revenues from transactions earned thereafter. The Station is a self-serve way for merchants to allow cardholders to add value to their stored value card. The unit has a bill acceptor acceptor - Finite State Machine that allows a cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold to load their card without going through a
clerk, improving security and reducing employee theft and fraud. A
merchant can also use the Station to distribute loyalty rewards and
premiums to cardholders.
SmartCard President Bruce Baillio stated, "This technology creates an excellent platform for loading value onto prepaid cards that eliminates many of the potential theft and fraud problems that come from handling cash. It will integrate with our VelocityMoney transaction platform that will create a seamless network of their units distributed throughout the country." Velocitymoney.com is SmartCard's proprietary platform and gateway for consumer servicing. Consumers can transfer funds, do card-to-card transfers, verify balances, and manage their personal profiles on the site. About Hest Technologies Inc. As Stated by Louis Hoch of Hest Technologies we operate Gaming software and terminals in Texas, Oklahama and Florida with over 500 locations. The average location has 5 to 30 machines and as many as 200 people daily using the gaming machines See video game console. . The integration of payment services with SmartCard will definitely play a big role in increasing the transition of winnings over to consumers. www.hestech.com We ask for Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion