Trustcash to Enter Multi-Billion Online Bill Payment Market With TrustcashDirect Solution
March 08 2010 - 4:15PM
Marketwired
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today
announces that through its TrustcashDirect service it will enter
the online bill payment market.
The online bill payment market, also known as the electronic
bill presentment and payment (EBPP) market, is a massive segment of
the online payment services industry and market.
The following statistics indicate the significant opportunity
Trustcash has:
-- According to an October 2009 report from AITE Group. The aggregate
amount of consolidator bill payments will rise from US$665 billion in
2008 to US$678 billion in 2009.
-- According to a 2009 First Data white paper, a full two-thirds of all
bills are expected to be paid electronically by 2012 -- up 20 percent
from 2007 -- with most of the growth destined for Web and phone
applications.
-- Over 2.07 billion online bill payments will be processed in 2009,
according to an October 2009 report from AITE Group.
-- The use of online bill payment by banking customers is accelerating.
Based on Jupiter research data, MODASolutions estimates that 48 million
North Americans now pay bills online -- a number forecasted to reach 92
million by 2009.
TrustcashDirect has begun testing, as recently announced.
The Company looks forward to launching and commencing the
marketing of this new service to grow its revenue and continue
adding value for its shareholders.
TAKE OUR ONLINE SURVEY
Tell us where you want to use Trustcash at:
http://www.trustcash.com/signup_consumer1.php.
ABOUT TRUSTCASH
The Trustcash™ platform delivers a sophisticated, comprehensive
online payment processing system.
The Trustcash technology infrastructure provides merchants with
open access, PCI compliant payment processing. Trustcash™ is an
E-Commerce expert providing online businesses with payment
solutions needed to be successful.
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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