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Smart Card Marketing launches portable e-wallet

31 May 2007  |  3451 views  |  0 Source: Smart Card Marketing Systems

Smart Card Marketing Systems, (Other OTC:SMKG.PK) (Frankfurt:QYH.F), is pleased to announce the launch of its Virtual Portable E-wallet that combines prepaid card services, Banking transfer services with the online facilitation of a portable e-wallet.

Stated by "CEO Massimo Barone": We are pleased to announce the launch of our added service of which retail merchants can physically receive payments from customers online as well as offline at their physical retail site(s). This added service brings together the merchant, bill payment and consumer service offering to a new level. Velocitymoney is growing as a top tier choice for financial institutions and aggregators as a Premium choice for their usage. In addition this will benefit SmartCard with increase revenue from transactions processed.

Description on VELOCITYMONEY 2 platform offerings:

1) True financial environment

Velocitymoney.com operates as an online Money Service Business with the added value of money transfers, what makes us different is our International currency accounts, prepaid cards (multiple currency) with exclusive funding devices such as the Home ATM with worldwide network carriers. The additional value for the customer is also in the tools available to send or receive funds and the ability to pay bills, email money to recipients/receive and the first ever true portable virtual E-wallet on the Internet for offline payments.

A merchant can register online with Velocitymoney(TM) and benefit from customers using their account services of their portable e-wallet in the presence of the participating merchants (brick and mortar) retail location to transact funds. Velocitymoney.com authorizes the transaction and guarantees the funds to the merchant instantly.

2) Faux financial payment and currency solution

The Velocitymoney platform is also available as a White Label platform to synchronize a common community of merchants within a mall type retail structure, membership, cooperative and purchasing network. The sites administrator creates their common currency or trading commodity and creates a purchasing tariff for acquiring this currency to trade within this closed community. The flow of payments and exchange are managed by the site administrator for transfers and qualifying transactions with the added value of rebates, discounts, gift certificates and much more.

As Stated by our "CTO Mr. Abbondio Castronovo," this new feature will allow merchants and retailers to activate their accounts with Velocitymoney and accept payments from customers onsite. The feature allows merchants once signed up to take payment from a customers virtual account without risk at their retail location. This new innovative functionality will allow the ease and integration of mobile service payments in the near future.

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