SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Signs Partnership Agreement With Aerapay Enabling Secure Cash Payments On Velocitymoney® Platform
SAN ANTONIO, TX, Nov. 29, 2012 /PRNewswire/ - Announced today that "Aerapay Pty. Ltd. (ASIAPAC) and Smart Card Marketing Systems Inc. (PINKSHEETS:SMKG) have entered into a business partnership for extending the global reach of the Velocity Money platform and enabling a combination of best of payment solutions to merchants and consumers worldwide."
The business partnership is initially being deployed in the USA, Canada, Turkey as well as the surrounding regions. The partnership enables secure top-ups and remittance transactions for end users on any GSM mobile including; smart, feature and dumb phones. The mobile payments platform also permits cross border transactions in the surrounding Turkish region which provides significant value for the end user, in the regions with limited access to public and social services. It provides a quick, inexpensive method for the securing of cash payments in a region that has increasingly become unstable and cash has become a risky transaction medium.
"There is significant value in the digitalization of cash in this market and the implementation of Aerapay's technology will be a fundamental payment solution for consumers." stated company President, Bruce Baillio of SmartCard Marketing Systems Inc.
"Aerapay™ provides a secure means for non-bank payments using any GSM phone in emerging markets we look forward to servicing the people of Turkey and the surrounding region" stated by Frank Georgoulas, CEO Aerapay Pty Ltd
Aerapay™ was formed in 2005, the company developed the software technology platform, supported its global patent pending technology. Aerapay's technology was rolled out in April 2010, targeting emerging economies.
- Aerapay™ is a breakthrough, turning your media into a store. Consumers respond to your ad (print or digital) via their mobiles instantly placing money in your bank account.
- Aerapay™ works on any mobile phone.
- Aerapay™ is a mobile payments application that processes payments directly from any end users mobile, directly into your bank account without the use of intermediary banks.
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.
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SOURCE Smart Card Marketing Systems Inc (SMKG)