SmartCard Marketing Systems LLC (OTC: SMKG) Signs MOU with EKOMINI Inc. On Bank Collaborations

MONTREAL, June 12, 2014 /PRNewswire/ - SmartCard Marketing Systems LLC announced today the signing of an MOU with Ekomini Inc and its president Cam Gentile. The agreement signifies a business relationship between both companies to develop an integrated product suite including SmartCard's VelocityMwallet offering and Ekomini's Eko Task software platform for Banks globally - a technology collaboration.

SMKG:OTC CEO Massimo Barone stated "The combined offering of our platforms will allow Banks to develop a younger channel of clients promoting savings and set protocols such as spending limits and tasked purchases in a retail or online shop leveraging VelocityMwallet's connectivity and modular (UI's)User Interfaces.  It needs to be simple and seamless for the Banks and their customers to opt in."

Ekomini Inc President Cam Gentile also stated "We are excited to work with SmartCard Marketing and combining the EkoTask application with SmartCard's VelocityMwallet which will provide an integrated solution for Banks eliminating existing complexity deploying and providing an educational and pleasurable experience for both teen and parent as the tasks and rewards are realized. The immediate benefit will allow banks the ability to engage their "merchants" to actively participate as redemption outlets for the targeted new generation of customers creating a new stream of revenue."

About Ekomini Inc.

What is Ekomini?

Ekomini is a secure personalized online money management system which allows families to properly educate their children on monetary responsibility. Parents set up a family account with the participating Bank (distribute chores among their children and reward completed tasks with virtual credits). Teens on the other hand, budget and can convert their credits into real currency. They are allowed to then spend their own money and buy any desired items. A smart and enriching way to make our Youths part of a better money savvy generation.  www.ekomini.com

About SmartCard Marketing Systems LLC (OTC:SMKG)

SmartCard Marketing Systems LLC (OTC:SMKG) develops contactless payment solutions for Banks & Telco Acquirers Globally with retail and ecommerce presence . SmartCard Marketing Systems LLc is creating a new channel of business by "enabling the merchant & engaging the consumer" offering up an Ecosystem solution that solves Interoperability, Security and KYC (know your client) standards.

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SOURCE Smart Card Marketing Systems Inc (SMKG)