TrustCash Initiates Infrastructure Expansion Required to Support Mobile Commerce Development and Rollout; Worldwide Market for M
20 May 2010 - 6:15AM
Marketwired
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "COMPANY")
(PINKSHEETS: TCHH) today announces that with the assistance
Alligato, Inc. the Company has doubled the size of its technology
infrastructure.
Specifically, TrustCash has deployed its core technology
infrastructure within a strategic development lab. The
infrastructure deployment consists of enterprise level Hewlett
Packard (HP) hardware and enterprise versions of JAVA technologies.
The design of the platform is to be operating system agnostic
currently set up within a Linux/Unix environment. All technologies
have been acquired by the Company to implement the proprietary
TrustCash end-to-end mobile commerce platform.
The Company believes that this achievement puts it on track for
its entry into the burgeoning mobile payments market.
The Following article further confirms TrustCash's strategy:
- The worldwide market for mobile payments will grow to $633.4
billion by 2014, up from $68.7 billion in 2009, according to a new
report by Generator Research. Meanwhile, mobile payment users will
grow 600 percent to 490 million in 2014 from 81.3 million last
year. Using your phone or your phone number to exchange money is
convenient for everyone but especially the "underbanked." Whether
it's payment dongle Square launching this week, Zong raising $15
million late last month on the strength of its virtual goods
business on Facebook, or the fact that my dinner party companions
last night settled the bill using Venmo, mobile payments are
finally part of the present rather than the hazy projected
future.
-
http://gigaom.com/2010/05/13/mobile-payments-to-reach-633b-by-2014/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+OmMalik+%28GigaOM%29&utm_content=Google+International
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ABOUT TRUSTCASH
The TrustCashâ„¢ platform delivers a sophisticated, comprehensive
online payment processing system.
The TrustCash technology infrastructure provides merchants with
open access, PCI compliant payment processing. TrustCashâ„¢ 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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