CEO Massimo Barone Stated "I am pleased to announce the introduction of Credit Card Processing services to our existing Velocitymoney.com merchants and eventually to new merchants boarding velocitymoney.com services. Initially, the service will only be offered to our existing merchants and their customers whom have prior transaction history with the company. The significance of this added functionality will enhance our existing methods of processing and offer merchants the full suite of transaction management they require to better serve their customers online and off-net. We believe that we can establish new thresholds of transactions and increase the number of transfers done by individuals by as much as 35% therefore improving our average fee's earned per customer."