SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Announces Turkish Partner Soluspay Signs Distribution Agreement with Fenerbahce Sports Club for Prepaid Card and Virtual Wallet Platform
SAN ANTONIO, Texas, Oct. 19, 2012 /PRNewswire/ - The Company announced today that its licensed partner in Turkey, Soluspay, closed its Letter of Intent with Fenerbahce Sports Club Istanbul by signing a Distribution Agreement with the club for the delivery of a prepaid debit card and virtual wallet platform for its millions of fans.
Fenerbahce is the largest sports club in Turkey with over 5 million fans. The Agreement includes an estimated purchase of 5 million cards over the next 3 years. The Agreement also includes a license for Smartcard's virtual wallet platform, VelocityMoney, and will integrate it into a prepaid debit card platform to provide innovative financial and membership services to its large fan base. The initial project will be to replace the 310,000 existing membership cards with branded prepaid debit cards.
Mr. Aziz Yildirim , the President of Fenerbahce said that this project will bring an unprecedented level of benefits for its fans In addition to its paid sports fan members, the club also has a total of over 700,000 paid subscribers to its cellular and internet services.
Sertac Ozinal , president of Soluspay, explained that this project was just the beginning of the cooperation between Soluspay and Fenerbahce to provide first-of-its-kind financial services to its fans.
About Fenerbahce Sports Club
Fenerbahçe is one of the biggest and the best supported clubs in Turkey. Fenerbahçe is a multi-sports club that competes in football soccer, basketball, volleyball, athletics, swimming, sailing, rowing, boxing and table tennis with many major honors won in each branch. The club is also one of the major contributors of Turkish representatives for the Olympic Games.
About SmartCard Marketing Systems Inc.
The company is leading the way with its proprietary Velocitymoney™ payment gateway services to small and medium size merchants in the online money remittance and prepaid debit card market.
Velocitymoney™ enables merchants the integrated management of their Client Profiles, ACH, EFT, Bill Pay, Email Pay, and Credit Card processing services from various financial institutions and processors worldwide combined.
We seek safe harbor.
SOURCE Smart Card Marketing Systems Inc (SMKG)
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