SAN DIEGO, CA, Dec. 7, 2015 /PRNewswire/ - SmartCa
Post# of 79
Posted On: 12/08/2015 9:41:25 AM
SAN DIEGO, CA, Dec. 7, 2015 /PRNewswire/ - SmartCard Marketing Systems, Inc. (SMKG:OTC) a financial services company focused on serving the global payments industry ("SmartCard" or the "Company"
, today announced that it has initiated a $5 million USD private placement offering solely to accredited US investors (the "Offering" under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act.
The Company will use the proceeds from the Offering to conclude a proposed merger with CT-Payment and finance the growth of the new group. The new SmartCard company, including CT-Payment Inc. the largest independent processor for debit and credit EMV transactions in Canada, is focused on American and Asian markets with growth being driven by Issuer & Acquirer Banks & Telecom clients requiring EMV Payment solutions with multiple Card network acceptance processing for their Retail & Enterprise merchants. The corporation will take advantage of development and technical expertise of CT Payments resulting in a Card-present & Card not present product offering to create a powerful EMV Host solution to be the center point of the combined companies' strategy to accelerate EMV Devices for Wireless & Mobile.
, today announced that it has initiated a $5 million USD private placement offering solely to accredited US investors (the "Offering" under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act. The Company will use the proceeds from the Offering to conclude a proposed merger with CT-Payment and finance the growth of the new group. The new SmartCard company, including CT-Payment Inc. the largest independent processor for debit and credit EMV transactions in Canada, is focused on American and Asian markets with growth being driven by Issuer & Acquirer Banks & Telecom clients requiring EMV Payment solutions with multiple Card network acceptance processing for their Retail & Enterprise merchants. The corporation will take advantage of development and technical expertise of CT Payments resulting in a Card-present & Card not present product offering to create a powerful EMV Host solution to be the center point of the combined companies' strategy to accelerate EMV Devices for Wireless & Mobile.
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