SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Signs Distribution Agreement with Turkish Partner for Virtual Wallet and Prepaid Card Programs
SAN ANTONIO, TX, Sept. 18, 2012 /PRNewswire/ - The Company announced today the signing of a Licensed Partner and Distribution Agreement in Istanbul, Turkey with Soluspay, a new Turkish company formed to pursue prepaid card deployment in Turkey and the surrounding region. The President of Soluspay, Sertac Ozinal, is a much respected executive in the financial services industry in Turkey.
Mr. Ozinal's career in the financial services sector spans positions at Andersen Consulting, Pamukbank, one of the leading retail banks in Turkey and, most recently as CEO of BKM, Interbank Card Centre of Turkey between 2004-2011. BKM manages the authorization operations between the banks, domestic clearing and settlement of debit and credit card managing more than four billion transactions per year with a volume of 360 billion USD per year. Mr. Ozinal also took an active role in developing strategies for Turkish Card Payment System.
SMKG President Bruce Baillio said "We are very pleased to partner with someone of Mr. Ozinal's experience and professionalism. Soluspay has already identified several large organizations that can benefit from our prepaid platform technologies. We expect specific project announcements in the coming weeks."
Mr. Ozinal commented, "Smartcard has the unique combination of technology and experience in the prepaid industry to help Soluspay build a strong prepaid business platform in Turkey."
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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