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 SMKG Rapid Growth of 266% for Aug 2008 compared to same month last year.
Smartcard Marketing Systems Inc. (SMKG:PINKSHEETS) Rapid Growth of 266% for Aug 2008 compared to same month last year.
Smartcard Marketing Systems (SMKG:PINKSHEETS) announced today that their Card loading, Pin Debit and Payment processing volume increased in triple digits for the month of August 2008 over August 2007. The company posted a 266% gain in card loading and payment processing for August over last year, growing from $44,560 in August 2007 to $163,300 in August 2008.
(SMKG:PINKSHEETS) President Bruce Baillio said, “This continued dramatic growth marks the emergence of the company from its product development stage into full production and product delivery mode. As more of our backlog of orders is fulfilled, the company expects to see an even more dramatic increase in payment processing and fee revenues generated from merchant and consumer use.
Our business model is benefitting from the worldwide trend of consumers moving from credit cards to debit cards. A 2007 report from Callahan & Associates found that in 2006, debit card usage surpassed credit card usage for the first time, with consumers conducting over 26.5 billion debit transactions at the point-of-sale in 2006.”
We seek safe harbor
VelocityMoney.com :: Welcome!
Management is determined to become the leader Online for Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a global secure funds transfer platform with multi-currency settlement worldwide."
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Re: SmartCard Marketing Systems Inc. - SMKG
Breaking through 01 .. support at 007
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Re: SmartCard Marketing Systems Inc. - SMKG
SMKG support line 006 /007 ... looking good for breakout over 012
thin ask with more news and some vol could run up to 02
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Re: SmartCard Marketing Systems Inc. - SMKG
Smartcard Marketing Systems Inc.(SMKG:PINKSHEETS) announced today that their Prepaid Card loading, Pin Debit and Payment processing volume increased in triple digits to $367,000 USD for the month of September 2008 over September 2007 and over last month, August 2008. The company posted a gain in card loading and payment processing for August upto 10 times larger than last year's August total and 226% greater than even last month, setting a new payment processing record for the company.
(SMKG:PINKSHEETS) President Bruce Baillio said, “This striking growth is the result of continuing to fill our backlog of prepaid card orders and the launch of our VelocityMoney.com Online Bill Pay service both in Canada and the US. The Canadian market for Online Bill Pay is much less crowded than the US market. The company expects to see exceptional growth in this segment during the next 12 months.
The current uncertainty in the worldwide credit markets is actually stimulating demand for our prepaid products and services. When consumers' credit lines are decreased, they turn to prepaid cards to maintain the convenience of using a branded card to make purchases, because their credit cards are topped out. (SMKG:PINKSHEETS) is seeking to capitalize on the move from credit to debit transactions at the point of sale and capture a share of the 26.5+ billion (as of 2006) consumer debit transactions."
We seek safe harbor
VelocityMoney.com :: Welcome!
Management is determined to become the leader in Online Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a secure funds transfer platform with multi-currency settlement capabilities worldwide."
We seek safe harbor
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Re: SmartCard Marketing Systems Inc. - SMKG
SMKG a strong buy at these prices = lowest levels and with the growth in place a hold and see... risk or reward?
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Re: SmartCard Marketing Systems Inc. - SMKG
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) 2 New Co-Brand Prepaid Programs Commence Rollout
SAN ANTONIO, TEXAS -- (Marketwire) -- 10/17/08 -- SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today that 2 more back order programs for their prepaid segment commence rollout on Monday October 20/2008. As more co-branded programs reach market our money remittance segment continues to grow allowing our proprietary offering Velocitymoney.com to grow aggressively and take a serious strong hold in the market. The 2 programs combined are estimated to bring an additional $200K of monthly remittance or 800 to 1000 load transactions monthly and increase usage of the companies Bill pay offering in Velocitymoney.com.
At present the company anticipates to have 6 more programs up and running prior year end of 2008 bringing the number of co-brand prepaid card programs to 11, this does not include our generic offering for payroll or retail solutions. In addition this will also have a good impact on increased demand for the Pin Debit (HomeAtm) solution.
VelocityMoney.com :: Welcome!
Management is determined to become the leader in Online Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a secure funds transfer platform with multi-currency settlement capabilities worldwide."
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Re: SmartCard Marketing Systems Inc. - SMKG
smkg looking good for the future... building and growing..
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Re: SmartCard Marketing Systems Inc. - SMKG
smkg breaking wall of 006... needs block buy of 300k to 400k to clean up 2mmids then onto 009 and 01
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Re: SmartCard Marketing Systems Inc. - SMKG
SMKG trading at its lowest levels 005... great time to buy and hold as company is experiencing tremendous growth
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Re: SmartCard Marketing Systems Inc. - SMKG
(PINKSHEETS: SMKG) Velocitymoney.com Transactions Surge to Over 1000 for This Past Weekend
10/28/2008 10:56:37 AM - Market Wire
SAN ANTONIO, TEXAS, Oct 28, 2008 (MARKET WIRE via COMTEX News Network) --
Smartcard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today that their Velocitymoney.com payment service for consumers and merchants surpassed 1000 transactions for this past weekend a substantial increase from the 200 daily average. This is a significant milestone for the company as demand continues to fuel the company's growth and increase revenues generated by transactions.
(PINKSHEETS: SMKG) CEO Massimo Barone said, "The Payment Industry Merchants are in search of solutions that can meet their specific demands and manage member networks seamlessly. This type of business is important to us as it creates access to large groups of consumers and continues strong growth for the company."
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