Friday, June 11, 2010
SmartCard Marketing Systems Inc (PINKSHEETS:SMKG) Announces New Sales & Distribution Agreement with Latin Phone for Open-Loop Prepaid Debit Cards
The company's prepaid products are preferred by consumers who are traditionally un-banked or under-banked. Mr. Barone added, "The extended recession has brought more focus on our prepaid cards." Tim Sloane, Vice President and Director of the Prepaid Advisory Service at Mercator Advisory Group, recently said about prepaid cards: "No other payment market is riding out the current economic downturn as effectively as prepaid, and I can't think of any better payments market to be in during a recession."
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