MONTREAL, Sept 10, 2014 /PRNewswire/ - SmartCard announces memorandum of undertaking with Vieway International LTD to deploy DCC (Dynamic Currency Conversion) payment switching services for Banks & Telco Acquirers with ATM, POS & Ecommerce Gateway solutions. The MOU also states that SmartCard Marketing Systems LLC will have five months of exclusivity for North America to build its sales channel.
Massimo Barone CEO of SmartCard stated "The payment industry is undergoing many changes and with so many credit cards issued in various currencies. The opportunity to partner with Vieway LTD and deploy a DCC solution allowing payment processors to optimize credit card transactions in the currency of choice of the purchaser brings added value and profit sharing in the compensation currency model".
Span Sze CEO of Vieway International LTD stated, "Based on the experience and know-how of Vieway International in the payment industry and the sales channel and market knowledge of SmartCard in North America, we will bring a creative and value added service model to the market and create a win-win-win business model to all parties."
About Vieway International LTD
Vieway International LTD helps acquirers to manage their credit card processing services more efficiently and profitably through a full range of secure and reliable processing, commerce and data management solutions. Its acquiring system with DCC function has being run for more than 7 years in many large Chinese commercial banks such as China Construction Bank, China Merchant Bank, PingAn Bank, Bank of East Asia and Nanyue Bank.
About SmartCard Marketing Systems LLC (OTC:SMKG)
SmartCard Marketing Systems LLC (OTC:SMKG) develops contactless payment solutions for Banks & Telco Acquirers Globally with retail and ecommerce presence . SmartCard Marketing Systems LLc is creating a new channel of business by "enabling the merchant & engaging the consumer" offering up an Ecosystem solution that solves Interoperability, Security and KYC (know your client) standards for the payment industry. www.smartcardmarketingsystems.com
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SOURCE Smart Card Marketing Systems Inc (SMKG)
