FastFunds Financial Corporation and Subsidiary Cannabis Angel Introduces Debit Card Payment Solution for Cannabis Industry
April 17 2014 - 10:00AM
Marketwired
FastFunds Financial Corporation and Subsidiary Cannabis Angel
Introduces Debit Card Payment Solution for Cannabis Industry
WEST PALM BEACH,
FL--(Marketwired - April 17, 2014) - FastFunds
Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) and its 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, have
signed a merchant payment processing agreement to offer a debit
card payment solution for retail cannabis dispensaries. This
program will be offered through the Company's 49% owned subsidiary,
Cannabis Merchant Financial Solutions, Inc. ("CMFS"). This
payment solution allows dispensaries to accept debit and credit
cards by using the PIN number associated with the card being
used.
CMFS will arrange within four business days after registration
by a dispensary to install a pre-programmed terminal for payment
acceptance. This plug and process solution is ready to be
installed immediately and can be utilized with only a power source
and internet access. The consumer swipes their card, follows
the on-screen prompts, and enters their PIN information to complete
the sale. The approved transaction will print a
receipt/voucher at which point it can be exchanged for goods and/or
services with the merchant. The approved funds clear the
payers account listed on the ACH authorization form within 48
hours.
Kurt Martig, President of CMFS stated, "We are currently
preparing a marketing program and intend to begin offering this
exciting new product beginning May 1, 2014."
Henry Fong, Chief Executive Officer of the Company said, "I am
pleased that we can introduce this new product as we are committed
to continuing to identify payment solutions that dispensaries may
use in place of cash pending the eventual acceptance of consumer
credit and debit cards by banks and processors."
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 FongChairman & CEO
561-514-9042