|
Press Release |
|
4651 Salisbury Road Suite 485 Jacksonville, FL 32256 |
|
To contact us: |
|
# |
|
Source: FNDS3000 Corp
FNDS3000 CORP APPROVED AS A THIRD PARTY PROCESSOR
Ponte Vedra Beach, FL, June 17, 2008 - FNDS3000 Corp (OTCBB - FDTC) (Frankfurt: “FT4,” A0MWLG) announces that it was approved as an issuing third party processor in the territory of South Africa. This approval will allow FNDS3000 to operate and process cards in cooperation with financial institutions in South Africa.
Victoria Vaksman, EVP of FNDS3000 stated, “As a third party processor working with highly sensitive financial information in different countries we have to undergo a lengthy process of local certifications in every country where we want to operate. We have identified South Africa as one of our strategic markets and it is extremely important for us to be registered, which has now been done. Our distributors are very anxious for us to begin issuing cards to their backlog of more than 250,000 cards. We are in the process of testing the cards on our platform with the anticipation of launching our pilot program in July.”
About FNDS3000 Corp
FNDS3000 Corp is a financial services company that provides prepaid and debit cards to the over 1 Billion working population worldwide who do not have a bank account. This market is estimated at over $100 Billion on an annual basis. The Industry average revenue for prepaid payroll cards is $12.00 per month per card in the U.S. and Europe. Our payroll card product allows the employer to replace payroll checks for their un-banked and other workers. In addition it allows employers to use the card where they now have to pay their employees in cash, which is estimated to be over 50% of the worldwide working population. Our cards allows for the domestic and international money transfer providing an inexpensive, safe and secure alternative to traditional money transfer companies like Western Union® and MoneyGram®, a market estimated to be over $100 Billion annually. Our suite of card products can be used at millions of retailers and ATM’s on a worldwide basis. Other services include Gift cards, bill pay, prepaid cellular, etc.
Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission.
Contact: FNDS3000 Corp |
|
Home |
|
About Us |
|
Contact Us |
|
Product/Services |
|
Mission Statement |
|
Privacy Statement |
|
FAQ |
|
Investor Relations |
|
Demo |