ATLANTA, GA--(Marketwire - 11/09/09) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (Pinksheets:TCHH - News ) today announces it has received the business case evaluation and technology strategy from Ajay Hans supporting the decision to enter Mobile Payment Market.
Amongst other things Mr. Hans recommends Trustcash develop a WAP based solution which uses wireless communication to access information, particularly internet content, from a mobile device. Payments will be made directly on a website or by downloading a mobile payment application. Purchases will occur in the same manner as traditional online purchases with no additional billing support required from the mobile Telco.
The use of the mobile phone is the next significant step in the evolution in the payments industry -- representing another growth opportunity for Trustcash.
MOBILE PAYMENTS MARKET SIZE
The world wide market size for mobile payments is estimated at 860 Billion by 2013 (see link below)
(http://futurebanking.bankofamerica.com/mobile-payments-860-billion-2013_886 )
With approximately 230 million mobile subscribers in the United States (over 70 percent of the U.S. population), mobile payments are on the horizon of the payment industry.
In a recent survey conducted by Visa USA of 800 consumers, 77 percent of respondents admitted that it would be difficult to get through a single day without their mobile phones, and more than 50 percent preferred to have more electronic payment options so they do not have to carry cash. According to the study, survey respondents are twice as likely to carry their mobile phones, than cash, with the 18 to 34 year old age group four times more likely to carry mobile phones.
Management comments, "With a clear technology plan in hand we feel the next step is to find a Beta partner to develop our mobile solution with. Our mobile solution should open the door to more growth."
About Trustcash
Through its Trustcash brand and website (www.trustcash.com ), Trustcash is a pioneer of anonymous payment systems for the internet. Trustcash developed a business based on the sale of a virtual stored value card that can be used by consumers to make secure and anonymous purchases on the internet. The company markets its Trustcash(TM) payment card, which is sold in denominations ranging from $10 to $200 online.
| TRUSTCASH HOLDINGS, INC. Stock Symbol :: TCHH |
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 | TRUSTCASH HOLDINGS, INC. (TCHH) Trustcash Holdings, Inc. offers an alternative online payment system that makes it easy and safe to shop on the Internet | |||||||||||
TrustCash Holdings, Inc. 475 Lenox Road, Ste. 400 Atlanta, Georgia 30326 Phone: 800-975-5196 Fax: 917-591-5467 http://www.trustcash.com |
PayPal, a subsidiary of eBay, the company accounts for more than half of its parent company's net total payment volume. PayPal lets individuals and merchants transfer money via personal computer or Web-enabled mobile phone, with transactions charged to the customer's bank account, credit card, or PayPal balance. eBay Inc. (eBay) provides online marketplaces for the sale of goods and services, as well as other online commerce, or ecommerce, platforms, online payments services and online communications offerings to a diverse community of individuals and businesses.NASDAQ:EBAY Recent Price: $23.64 Innovative Card Technologies, Inc. (InCard) develops and markets secure powered cards for payment, identification, physical and logical access applications. OTCBB:INVC Recent Price: $.42
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| Current Projects |
 | TrustCash Commences Online Marketing Campaign to Increase User Base TrustCash Holdings, Inc. has announced it has commenced an online marketing campaign designed to increase specific market awareness on the benefits of using Trustcash. The Company expects this online campaign to translate into increased users and subsequently increased revenues. Web Traffic Consultants Corp ("WTCC") will assist the Trustcash development team to optimize the structure of the Trustcash 2.0 website and assist with the implementation of the integrated Internet marketing strategy. | TrustCash Finishes Development of TrustCash Transfer Service TrustCash Holdings, Inc. has finished development of its TrustCash transfer service. Simply put, this transfer service will allow the transfer of TrustCash tokens between TrustCash users. The ability of TrustCash members to load and unload their TrustCash account via credit card, ACH and direct debit provides the Company with a completely new market opportunity. The Remittance Market, also known as money transfers are noncredit payments, which are often sent to a distant place, is one of these markets. |
| Company Overview |
Trustcash Holdings, Inc. (OTC.PK: TCHH) The internet provides the fastest and most flexible way to buy things, but while the net offers the easiest and most convenient way to shop, it also lacks some key safeguards necessary to protect privacy, defend identity and secure credit safety online. With TrustCash, instead of entering credit information into a website and allowing private data to be passed to the owner of that website (or through any security leaks in that site's database), consumers can shop smarter and use TrustCash to complete their transaction without ever providing private personal information to the retailer. TrustCash makes paying online simplified and safe. 1 – Choose load method Visa, Mastercard, AMEX, or Discover 2 – Securely add funds Funds saved to Trustcash account 3 – Send funds to retailer Anonymously with no trace to the consumer With a simple one-step transaction, consumers can now purchase TrustCash for their own personal account through Trustcash’s secure website or through any one of their offline vendors without providing any personal information about themself or their credit data. The TrustCash in their account is assigned a unique account number that can then be used at thousands of retail websites for any items they would normally purchase with their credit card. Instead of entering their own credit information, they enter their anonymous TrustCash account number to authorize the transaction and TrustCash pays the vendor instead! The funds are deducted from their account without anyone knowing who they are, what they purchased or any other personal information. TrustCash makes it easier, safer and more private to buy online. When a purchase is made through TrustCash, they purge all personal information as soon as the transaction is complete. The retailer never sees anything other than a settlement from TrustCash. TrustCash is an alternative payment system for those who do not have or do not wish to use a credit card to make payments on the internet. TrustCash is a convenient way to make those safe and anonymous online purchases. Instant Approval Unlike other forms for credit, TrustCash lets clients know that they are approved instantly and their funds are available to be used right away for whatever they would like to purchase. No Activation Fees Or Load Fees TrustCash is a FREE service. While other credit services charge extra fees for activating a credit line or for putting more funds into an account, TrustCash does not charge fees of any kind. No Additional Hidden Fees TrustCash does not charge hidden fees to merchants or to consumers. Therefore buying an item from a website using TrustCash costs exactly the same amount as it would if using a standard credit card online. The only difference is that with TrustCash identity is kept completely private and credit data is absolutely secure. PERSONAL SERVICES TrustCash hosts a cadre of sophisticated features to make the purchasing process smooth and easy while maintaining the highest level of security and anonymity for consumers. Below is a brief description of a few TrustCash features. Manage Online Subscriptions TrustCash makes it simple to manage purchases online with the new "MY ACCOUNT" area. From this interface clients can manage online statements, monitor online transactions or cancel or re-subscribe to any of the services using TrustCash payment option. All personal information is kept confidential and protected and only the client can gain access to view all their online purchases online. Message Center Online messaging center is created for users in mind who would like to keep a communication ongoing communication regarding their account. Keep up to date with the latest feature and benefits of TrustCash payment systems. In addition, TrustCash system will use the message center to monitor and support clients with all their activity regarding their TrustCash account. Easily Load Funds Loading funds onto TrustCash is as easy as clicking a button. Payments are in done instantly. They provide security of 128 bit SSL encryption so clients can rest a sure all their online transactions are secured and safe. They can easily add funds to their TrustCash account using their credit card or bank checking account. Again, the client is in control of how much they would like to carry on their TrustCash virtual wallet. MERCHANT SERVICES TrustCash allows merchants who want to generate additional revenue from customers who might be reluctant to purchase goods and services online because they do not want their personal or financial information to be shared, or would prefer to remain anonymous when purchasing online. Simple and Easy to Add to Your Website or Shopping Cart TrustCash does not charge any hidden fees or set-up costs and has been certified as a trustworthy secure billing processor by DigiCert and many other consumer advocacy organizations. Adding TrustCash to your website is easy to do and our support staff is available to assist you with the installation process from start to finish. Allows for Increased Billing Flexibility TrustCash gives merchants the ability to accept re-billing or one time transactions. In addition, TrustCash is now capable of "micro-billing" payments for content partners who wish to charge consumers for Video on Demand (VOD) or clips-for-sale format in increments of five minutes at a time or less! Offered in 233 Countries Worldwide TrustCash is now available in 233 different countries worldwide. TrustCash content partners reap the benefits of marketing globally without incurring high processing or charge-back fees associated with international transactions. Advanced Fraud Scrubbing Features TrustCash focuses on fraud scrubbing that will not turn away good transactions from their content providers. In addition, they do comprehensive velocity checks on name and address, IP address, and many other variables to combat affiliate fraud on behalf of content providers. TrustCash also checks AVS and CVV when the consumer is attempting to purchase with a TrustCash payment option. Being in a closed-loop system, they have a greater advantage over keeping fraudulent transactions to a minimum. Therefore, by putting a DigiCert symbol like TrustCash billing on their join page, they are telling their customers that their site has the added credibility of being part of the TrustCash commerce network. 365/24/7 Customer and Merchant Support TrustCash is committed to being the alternative processing solution, which is why they supply all merchants and customers a local representative to assist and troubleshoot any problem or situation that may arise. If they are interested in reaching an untapped market of people who are hesitant or are unable to buy online, inquire today to see if their company qualifies to be a merchant. All websites must meet and maintain specific quality control measures before being considered. Leadership Kent Carasquero, President, CEO, Dir. |
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