SelectCore Signs 3 Year Agreement to Issue nTrust(R) Cloud Money(TM) Cards
08 Abril 2014 - 5:30AM
Marketwired
SelectCore Signs 3 Year Agreement to Issue nTrust(R) Cloud
Money(TM) Cards
TORONTO, ONTARIO--(Marketwired - Apr 8, 2014) - SelectCore Ltd.
("SelectCore" or the "Company") (TSX-VENTURE:SCG), Canada's Leading
Payments Organization, is pleased to announce that it has signed a
3 year prepaid card agreement with nCrypt Financial Corp.
(www.ntrust.com), the secure and trusted global peer-to-peer money
transfer platform.
Under the terms of the agreement, SelectCore will provide a
private label payment card solution, issuing both physical and
virtual prepaid MasterCard cards, known as the nTrust® Cloud Money™
Card.
Available to Canadians this summer, nTrust's Cloud Money™ card
works just like a credit card with the added benefit of controlled
spending by limiting expenditures to the amount loaded on the Cloud
Money™ Card. With no activation, monthly or annual fees and no
minimum balance requirements, the Cloud Money card offers
flexibility, putting members in control of their money.
nTrust members can manage their money online through their
personal nTrust Cloud, sending and receiving money around the world
for free, and using the physical Cloud Money™ Card to make cash
withdrawals from 1.7 million ATMs worldwide. This unique feature
makes the nTrust card ideal for travel, accessing cash sent
overseas and online purchases, both locally and
internationally.
"We're extremely pleased to partner with SelectCore for our
nTrust Cloud Money™ Card to allow our members to seamlessly take
their online funds offline," said Rod Hsu, CXO at nTrust. "Not only
does our Cloud Money™ card provide an efficient way to unload funds
from the nTrust Cloud, it offers autonomy from traditional
banking."
"We are equally as excited to be working with nTrust," said
Keith McKenzie, President of SelectCore. "This agreement
demonstrates our ability to support new verticals for prepaid cards
such as global remittance."
To learn more about the nTrust® Cloud Money™ Card visit
www.ntrust.com.
About SelectCore:
SelectCore Ltd. (TSX-VENTURE:SCG) is a pioneer and leader in
alternative prepaid payment solutions for underserved markets.
Founded in 1999, the Company offers a range of prepaid products and
services that provide financial empowerment to a market of millions
of under-banked consumers. SelectCore has been recognized as one of
Canada's Fastest-Growing Companies by Profit100, North America's
Fastest-Growing Technology companies by Deloitte Fast500, Canada's
Top Tech companies by Branham300 and Canada's Leading Payments
Organization by Payments Exchange.
About nTrust
nTrust is a regulated and trusted global peer-to-peer money
transfer platform helping people free their money. Using Cloud
Money™, nTrust members can move money around the globe as fast and
seamless as sending a text - for free - by uploading funds into
their personal Cloud directly from their bank accounts, credit or
debit cards, or other funding methods. Once a member's Cloud is
loaded, funds can be instantly exchanged, used to pay bills or
online merchants, loaded to an nTrust Cloud Money prepaid
MasterCard® or conveniently sent to other members around the globe.
nTrust's proprietary technology uses the highest encryption
standards and is "PCI-DSS Level 1" certified - the top global
standard for operational and technical security designed by Visa,
MasterCard® and American Express.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects", or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or
"believes" or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would",
"might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates
of management at the date the information is made, and is based on
a number of assumptions and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including risks related to the
regulatory approval process, market and financing conditions as
well as risks associated with the prepaid telecom and prepaid
financial industries, changes in project parameters as plans
continue to be refined as well as those risk factors discussed in
the Company's management's discussion and analysis for most recent
financial reporting period, available on www.sedar.com. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information
contained herein, except in accordance with applicable securities
laws.
SelectCore Investor RelationsKeith MckenziePresident(800)
584-8819 ext. 105investor@selectcore.comwww.selectcore.com
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