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Trustcash completes money transfer test

15 December 2009  |  2104 views  |  0 Source: Trustcash

Trustcash Holdings today announces it has successfully tested the Trustcash money transfer service.

Specifically, two Trustcash member accounts were created, Trustcash tokens were purchased by member A, tokens were transferred to member B and member B was able to unload the tokens to their bank account as a real cash credit. The system allows Trustcash accounts to be loaded and unloaded via credit card and ACH. Direct debit options will be added in 2010.

This newest Trustcash technology will be made available to our members with the launch of the Trustcash 3.0 website and the completion of all compliance requirements.

The Company will continue testing the system with our current merchants as a pay out system and with our staff and consultants as an alternative to wire transfers and checks.

 

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