FastFunds Financial Corporation Introduces Smart Debit Card for Cannabis Industry
March 25 2014 - 10:00AM
Marketwired
FastFunds Financial Corporation Introduces Smart Debit Card for
Cannabis Industry
WEST PALM BEACH,
FL--(Marketwired - March 25, 2014) - FastFunds
Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) wholly-owned subsidiary, Cannabis
Angel, Inc., a company involved in providing financing
alternatives, corporate finance and general management consulting
services to early-stage cannabis companies and projects, through
its 49% owned subsidiary Cannabis Merchant Financial Solutions,
Inc. ("CMFS") has reached an agreement to offer smart debit cards
specifically targeted for the cannabis industry.
This smart card technology will allow retail store owners to
load a custom card with a cash balance. By loading the smart
card, the store owner can eventually reduce the amount of cash
carried into the store by the retailer's customers.
In addition, the smart card has multifaceted storage
capabilities. The card can be used as a customer retention and
incentive card. This feature will give the store owner a
mechanism to incent the retailer's customers to come back to their
store for additional products. Specifically, the smart card
will add the following benefits:
- Unlimited cash load capability on the card
- Personalized card with the businesses name and logo
- Reduced cash carried into the store by the retailer's
customers
- Guaranteed return foot traffic to the merchant's
establishment
- Technology advantage over the retailer's competitors
- Multiple incentive and rewards capabilities with the card
- State of the art customer retention program
The smart card will continue beta testing in Colorado and
several other state retail locations throughout the months of March
and April. It is the Company's intention to grow this smart
card technology nationwide to assist with the challenge of surplus
cash retained in cannabis locations.
The Company looks forward to providing regular updates in the
coming weeks ahead.
About Cannabis Merchant
Financial Solutions, Inc. CMFS, located in Centennial,
Colorado and Chaska, Minnesota, is dedicated to providing creative
financial solutions for the cannabis industry. For more
information, please visit the website:
www.cannabismerchantfinancialsolutions.com
About FastFunds
Financial Corporation FastFunds Financial Corporation is a
holding company that is publicly traded on the Over-the-Counter QB
under the symbol "FFFC." The Company currently operates in the
financial services industry segment with a single credit card
services portfolio. The Company is currently seeking new business
opportunities to diversify and complement our current services and
products, enhance our technical capabilities and offer growth
opportunities for our stockholders; and recently announced the
formation of Cannabis Angel, Inc., a company involved in providing
financing alternatives, corporate finance and general management
consulting services to early-stage cannabis companies and
projects.
FORWARD-LOOKING STATEMENTS This news release may include
"forward-looking statements" regarding FastFunds Financial
Corporation, and its subsidiaries, business and project plans. Such
forward-looking statements are within the meaning of Section 27A of
the Securities Act of 1933, as amended, and section 21E of the
United States Securities and Exchange Act of 1934, as amended, and
are intended to be covered by the safe harbor created by such
sections. Where FastFunds Financial Corporation expresses or
implies an expectation or belief as to future events or results,
such expectation or belief is believed to have a reasonable basis.
However, forward-looking statements are subject to risks,
uncertainties and other factors, which could cause actual results
to differ materially from future results expressed, projected or
implied by such forward-looking statements. FastFunds Financial
Corporation does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For Further Information Contact: FastFunds
Financial Corporation & Cannabis Angel, Inc.
Henry Fong, Chairman & CEO
561-514-9042