FASTFUNDS FINANCIAL CORPORATION SIGNS AGREEMENT TO MARKET CREDIT CARD BASED PAYMENT SYSTEM FOR USE IN
October 13 2015 - 09:30AM
InvestorsHub NewsWire
FASTFUNDS FINANCIAL CORPORATION SIGNS AGREEMENT TO MARKET CREDIT
CARD BASED PAYMENT SYSTEM FOR USE IN DISPENSARY PURCHASES FOLLOWING
COMPLETION OF FEASIBILITY TESTING
WEST PALM BEACH, FL -- October 13, 2015 -- InvestorsHub
NewsWire -- FastFunds Financial Corporation (OTCPK:
FFFC) (the Company or FastFunds) announced today it has signed
a marketing partnership agreement to provide a credit card based
payment system for use in the purchase of medical and recreational
marijuana. Based on the Companys preliminary analysis and
discussions with the provider, it believes this unique payment
solution will give the consumer the capability in using a major
credit card of their choice for their dispensary purchases.
The current plans call for a feasibility study by the Company to
determine its viability with a forecasted marketing roll-out by
December 1, 2015 if proven effective. The FFFC payment system will
be marketed under the Cana-Pay trade name.
"We are pleased to add a potential credit card based payment
system to our product offerings said Kurt Martig," FFFC subsidiary
Cannabis Merchant Financial Solutions (CMFS) President. "The
convenience of being able to pay with a credit card for a purchase
will be a major benefit to both the customer and dispensary owners,
especially when taken into consideration at least 40% of all
general retail sales are credit card payments. Preliminary interest
on this credit card solution has been highly positive and we intend
to test its viability as expeditiously as possible," continued
Martig.
About FastFunds Financial Corporation
FastFunds Financial Corporation ("FastFunds" or the "Company")
is a holding company that is publicly traded on the OTC Pink
exchange, under the symbol "FFFC." Through its wholly-owned
subsidiaries, Cannabis Angel, Inc. and The 420 Development
Corporation, the Company is focused on acquiring and building a
portfolio of revenue producing companies that provide ancillary
services to the cannabis industry. FastFunds does not engage in
activities that violate Federal laws.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
CONTACTS:
FastFunds Financial Corporation
|
|
Henry Fong, CEO
|
|
561-514-9042
|
|