SAN ANTONIO--(BUSINESS WIRE)--SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG - News) CEO Massimo Barone Stated "We are pleased with current thresholds of business from Bill Pay and Pin Debit Online transactions generated from customer usage of Velocitymoney.com, our proprietary offering. Our target remains to get this threshold at an overall daily average of 1200 and weekends above 8,000 by the end of June 2009.
The number of Pre-paid card activations continues to rise moderately to 60 activations per day with the strongest single day of 174 activations. We are very pleased at the results as our structure and technology are proving effective.
We had previously announced that for December 2008 growth compared to the same month in December 2007 was 1700% which resulted in prepaid card and remittance loads of $1.2M USD, our strongest month to date. Additionally as new Merchants receive delivery and commence rollout of our product and services we will continue to enjoy accelerated growth during these difficult times."
About SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG - News)
The company is leading the way in Prepaid Card Service Program Management, Payment processing of Pin Debit Online and Bill Pay in North America and Europe. Velocitymoney.com is the proprietary offering of SmartCard Marketing Systems Inc.
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