SVC Financial Services and Ameracash Solutions Partner to Offer Bill Payment Services via Cell Phone
20 December 2005
Cell phone users without bank accounts
will now be able to pay over 3,000 bills directly from their handsets
thanks to a revolutionary new partnership between SVC Financial Services
Inc. (OTC BB: SVCX) and Ameracash Solutions Inc. SVC, a leading provider of
secure mobile transaction technologies, today announced the delivery of
Scoot Mobile Money™ technology for bill paying services provided by
Ameracash and its innovative VPAY® Electronic Payment Solutions platform.
"Scoot is the most secure technology available for mobile banking, even for
those without a bank account," said Chris Haigh, President and CEO of SVC.
"Through this unique partnership with Ameracash, hard working members of
the cash economy will be able to pay their bills quickly and easily without
ever having to stand in line."
SVC's cutting-edge mobile banking technology, Scoot Mobile Money,
integrates virtually any cell phone with prepaid ATM cards that offer a
wide range of capabilities. Scoot allows anyone with a cell phone to store,
send, receive and transact funds anywhere in the world.
"Ameracash is pleased that un-banked and under-banked consumers will now
have an additional mechanism with which to safely, securely and easily pay
their monthly bills," said Marc Keller, EVP, Ameracash. "Our goal is to be
the bill payment company of choice for the un-banked and under-banked
consumer for all types of payment -- including traditional cash-paying
consumers, debit card users and kiosk users. We believe the cell
phone-enabled Scoot customer will be the biggest user of all."
Highlighted Links
http://www.svcfinancial.com/
Scoot-enabled ATM cards can be loaded with cash at over 600 Ameracash
retail locations in the United States. Customers may request an additional
friends and family card for cost-effective money transfers and funds
management. No bank account is required to acquire a card and card use
requires one simple activation step to connect it to a customer's cell
phone number. Scoot-enabled cards are usable at over 1 million ATM
locations in the United States and with 5.5 million merchants.
About Ameracash Solutions Inc.
Ameracash Solutions Inc. is a technology driven alternative financial
services company providing core services in Bill Payment nationwide to
utilities and other large billers, retail merchant agent networks, and the
under-banked end consumer. Ameracash also offers pre-paid wireless products
as well as pre-paid debit cards to the un-banked community through its
industry leading VPay® software.
Ameracash is a leader in developing new and innovative products for large
billers and utility clients. Ameracash offers bill payment on multiple
technology platforms including the PC based VPay® software, as well as
via POS terminals, web portals, and electronic kiosks.
About SVC Financial Services Inc.
SVC Financial Services, Inc. (OTC BB: SVCX) www.svcfinancial.com is an
innovator of global, next generation mobile transaction technologies that
are easy to use, highly secure, and extremely cost effective.
SVC's revolutionary Scoot Mobile Money™ technology www.getscoot.com
allows anyone with a cell phone to easily and safely store, send, receive,
and manage funds anywhere in the world. Scoot Mobile Money is a low cost,
global approach to supporting the large and fast-growing markets for funds
transfer, un-banked money management, and secure payment remittances and
reimbursements. Scoot is the next generation of mobile transaction
technology for third party marketers of instant issue prepaid card
products. SVC has also pioneered the Mazarin Media Platform™ that
provides template-based applications delivery of rich media solutions for
interactive marketing campaigns that inspire action. Mazarin solutions
include templates for non-profit organizations, political fund raising,
authors and publishing groups, music and entertainment, corporate and
consumer marketing.
Safe Harbor Statement
Except for historic information contained in this release, the statements
in this news release are forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause a company's actual results in the future to
differ materially from forecasted results. These risks and uncertainties
include, among other things, the company's ability to attract qualified
management, raise sufficient capital to execute its business plan, and
effectively compete against similar companies.
Media Inquiries:
Chris Haigh
CEO
SVC Financial Services, Inc.
866/370-9600
www.svcfinancial.com
Scott Hildula
RedUmbrella Group Inc.
for SVC Financial Services
Email Contact
415/986-1477x1
Media Inquires for Ameracash:
Marc B. Keller
EVP, Business Development, Sales & Marketing
Ameracash Solutions Inc.
www.ameracash.com
215-877-8782
Email Contact
SOURCE: SVC Financial Services
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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