Legends Business Group, Inc. to Expand Alternative Billing Methods
June 13 2008 - 3:01PM
Marketwired
CASSELBERRY, FL announced today it has entered negotiations with
two national and one international credit card payment service
provider to secure agent agreements, which would expand client
payment offerings to include credit card and debit card billing
methods in addition to LEC (Local Exchange Carrier) billing. Once
negotiations have been completed, Larry Powalisz, CEO and President
of Legends Business Group, Inc., anticipates up to a twenty-five
percent increase in new customers who offer credit card
billing.
Based on data from Jupiter Research on American Banking, debit
cards will account for 46% of all online purchases by 2010 compared
to 41% in 2006. In a recent TNS Financial Services Consumer Credit
Card Program Study, over 60% of consumers indicated a preference in
using debit cards compared to credit cards as a payment method of
choice.
"Credit cards and debit cards offer a tremendous ease of doing
business for both the consumer and our client companies. Debit
cards are like spending cash without an interest-bearing loan from
the credit card company. Pin identification debit cards provide an
extra level of protection against Identity Theft. All of our
payment options are focused on convenience of use for both consumer
and our clients. These payment options accelerate the transaction
process, increase revenues and cash flow, reduce bad debt losses
and open the products and services offered by our clients to
literally millions of new potential customers," said Larry
Powalisz, CEO and President of Legends Business Group, Inc.
Agreements are expected to be finalized and announced within the
month.
About Legends Business Group, Inc.:
Legends Business Group, Inc. is an Over the Counter Bulletin
Board stock which trades under the symbol LGBS. To obtain
additional information about Legends Business Group, Inc., please
visit the Company's website, which may be found at:
www.lbgi.net.
This press release contains statements that are
"forward-looking," and involve a number of risks and uncertainties.
Statements that are not historical facts are considered
forward-looking statements, and are subject to Safe Harbor
provisions as defined in the United States Private Securities
Litigation Reform Act of 1995 Company results and performance may
be materially different from future results, strategies, plans or
goals expressed or implied by any forward looking statements made
herein. The Company disclaims any obligation to update or revise
any forward-looking statements.
Contact: Legends Business Group, Inc. Larry Powalisz
407-263-4029 inquiries@lbgi.net
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