News

Smart Card Marketing signs prepaid deal with Canadian ISO

May 24, 2006

SAN ANTONIO - Smart Card Marketing Systems Inc., provider of prepaid cards, value-smart storage cards and payment-transaction-management services, signed a deal with Canadian ISO point of sale and ATM network to establish a co-brand prepaid card program in Canada.

According to a news release, the agreement includes 10,000 co-branded prepaid cards during the first year for the ISO point of sale merchant and its existing clients. Smart Card will benefit from ongoing royalties and commissions from transaction-usage by active cards used by the merchant and its network.

The company also committed to 1,000 co-branded prepaid cards for the money-remittance market and payroll industry in the United Sates for its existing distribution network.

Smart Card's card-issuance base and reseller network is growing through the VelocityMoney payment and reload network.