Wired.PRNews.com reports that Smartcard Marketing Systems Inc. had announced that its Prepaid Card Loading, Pin Debit, and Payment processing volume has increased in triple digits to $367,000 for the month of September 2008. Its gain in card loading and payment processing specifically in August has grown up to 10 times larger than last year’s August total and 22.6% greater than last month’s total.
President Bruce Baillio mentions:
“This striking growth is the result of continuing to fill our backlog of prepaid card orders and the launch of our VelocityMoney.com Online Bill Pay service both in Canada and the US.”
It will be interesting to see if this growth in prepaid cards will continue throughout the current economic situation.
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