SmartCard Marketing Systems Inc. increased processing volume by over 700%

SmartCard Marketing Systems Inc., a marketing solutions provider, has announced today about an increase in their processing volume of Prepaid Card loading, Pin Debit and Bill Payment by 704% for March 2009 as compared to the same period last year. March also marked the highest processing volume for a single month at over $1.25 million. This tendency of growth is expected both through 2009 and 2010 as the company continues to build its active customer base.
Massimo Barone, CEO of SmartCard Marketing Systems Inc. said that the company anticipates now the continuing strong demand for its products and services as Banks now factor in the decline of consumer credit being the major issue. Studies show that the trend toward consumers using debit cards instead of credit cards continues to grow. SmartCard Marketing Systems’ business model involves capturing a significant share of the estimated 28 billion debit transactions occurring every year and capture market share in alternative e-commerce payment transactions segment.