Secured Financial Network reports contract win

Source: Secured Financial Network

Secured Financial Network (OTC BB:SFNL.OB) announced today that is has completed a non-exclusive Agreement with National Bank of California Merchant Services (NBOCMS), for use of Secured's RedFin Network, as its payment gateway for transaction processing.

In addition, Secured's Virtual Payment Solutions division has completed a direct processing agreement with NBOCMS for marketing of merchant services for its virtual and brick and mortar customers.

Jeffrey Schultz, Secured's President and CEO commented that "we are excited to enter into a truly win-win relationship with NBOCMS and look forward to a long-term relationship as we both begin to grow our business plans. This allows both companies to be very competitive in pricing services. We are very pleased with the high level of request's we have received from merchants and acquirers in the first month of 2008 to utilize our vertically integrated suite of processing platforms and services."

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