FORT LAUDERDALE, FL, (PRWEB) August 30, 2006
Cash Now Corporation (CHNW.PK) http://www.cashnow.com today with Mono Bank PLC today announced the scheduled launch of its white label or private label smart cards that will offer the “smart card chip”, by the end of 2006 fiscal year; through it’s http://www.cashnowcard.com and http://www.monobanks.com sites. The Smart Debit Cards are prominently used in Europe and are scheduled for arrival into North America in the near future. The infrastructure is already incorporated into this technology by most of the Credit Card machines; however its use has not reached the social mainstream yet. The Smart Cards provide improved risk and fraud with enhanced verification capabilities and reduced costs.
The Smart Cards in a global market has received great reviews amongst its users all across the world.
Cash Now has already secured over 100,000 requests from consumers and businesses alike, for the card over the past 24 months. We have seen these cards retail in Europe in the price range from $29.95 to over $100.00, said Mr. Derek Elliott Cash Now’s Sr. Infrastructure Development Manager. This potentially has the possibility of generating 2 to 10 million dollars in revenue for Cash Now not including any residual income which if taken into account could result in a revenue boost of an additional 10 to 30 million dollars annually. The end user will be able to load or refill The Smart Card at over 11,000 participating locations such as Money Gram and establishments alike.
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan and check cashing industry, and is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S. Canada Australia and UK. Additionally, Cash Now's website is one of the most advanced payday lending portals in existence, offering key insights to clients and potential clients alike - as well as the ability to complete payday loans on-line, via a phone call or in person. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; and a host of related financial services for small and medium-size businesses. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#)44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
CONTACT: Kevin Price, Cash Now Corporation,
Toll Free: 1-888-224-9641