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