Trustcash Completes Testing of Money Transfer Technology
December 15 2009 - 8:30AM
Marketwired
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "Company")
(PINKSHEETS: TCHH) today announces it has successfully tested the
Trustcash money transfer service. Specifically, two Trustcash
member accounts were created, Trustcash tokens were purchased by
member A, tokens were transferred to member B and member B was able
to unload the tokens to their bank account as a real cash credit.
The system allows Trustcash accounts to be loaded and unloaded via
credit card and ACH. Direct debit options will be added in 2010.
This newest Trustcash technology will be made available to our
members with the launch of the Trustcash 3.0 website and the
completion of all compliance requirements.
The Company will continue testing the system with our current
merchants as a pay out system and with our staff and consultants as
an alternative to wire transfers and checks.
About Trustcash
Through its Trustcash brand and website (www.trustcash.com),
Trustcash is a pioneer of anonymous payment systems for the
internet. Trustcash developed a business based on the sale of a
virtual stored value card that can be used by consumers to make
secure and anonymous purchases on the internet. The company markets
its Trustcash(TM) payment card, which is sold in denominations
ranging from $10 to $200 online. The Trustcash(TM) card is the only
"stored value card" produced where no personal data is stored by or
available to a vendor or merchant, providing a unique level of both
security and privacy to the purchaser.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological changes
and uncertainties related to the development of Trustcash's
business model. The actual results Trustcash may achieve could
differ materially from any forward-looking statements due to such
risks and uncertainties.
Contact: Trustcash Holdings, Inc. Shareholder Communications
Email Contact: Email Contact 1-800-975-5196
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