SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Posts 635% Gain in Payment Processing Volume in April 2009 Compared to Same Period Last Year

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Wed May 27, 2009 10:04am EDT

SAN ANTONIO--(Business Wire)--
SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) announced today that their
Prepaid Card loading, Pin Debit and Bill Payment processing volume increased
over 635% for the month of April 2009 as compared to same period last year.
Processing volume continues to exceed the $1 million per month level. This
growth trend is expected to increase in the second half of the year as the
company continues to build its active customer base and add new financial
institutions to its Global Payment Network. 

(PINKSHEETS: SMKG) President Bruce Baillio said, "In the current economic
climate the number of consumers with strained banking relationships is
increasing. Meanwhile, the prepaid sector has seen dramatic growth in the amount
of money loaded onto card products like ours. The April 15 edition of the
Prepaid Press cites an estimate from Mercator Advisory Group that open-loop
prepaid card loads have increased from $4.7 billion in 2003 to $38.7 billion in
2007, while others estimate the 2007 total to be as high as $113 billion.
(PINKSHEETS: SMKG) business model involves capturing a significant share of this
growing market." 

We seek safe harbor





SmartCard Marketing Systems Inc.
Massimo Barone, CEO, 1-866-774-2555
maxbarone@gosmartcard.com
www.gosmartcard.com



Copyright Business Wire 2009

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