ATLANTA, GA--(Marketwire - 11/09/09) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (Pinksheets:TCHH - News) today announces it has received the business case evaluation and technology strategy from Ajay Hans supporting the decision to enter Mobile Payment Market. Related Quotes
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Amongst other things Mr. Hans recommends Trustcash develop a WAP based solution which uses wireless communication to access information, particularly internet content, from a mobile device. Payments will be made directly on a website or by downloading a mobile payment application. Purchases will occur in the same manner as traditional online purchases with no additional billing support required from the mobile Telco.
The use of the mobile phone is the next significant step in the evolution in the payments industry -- representing another growth opportunity for Trustcash.
MOBILE PAYMENTS MARKET SIZE
The world wide market size for mobile payments is estimated at 860 Billion by 2013 (see link below)
(http://futurebanking.bankofamerica.com/mobile-payments-860-billion-2013_886)
With approximately 230 million mobile subscribers in the United States (over 70 percent of the U.S. population), mobile payments are on the horizon of the payment industry.
In a recent survey conducted by Visa USA of 800 consumers, 77 percent of respondents admitted that it would be difficult to get through a single day without their mobile phones, and more than 50 percent preferred to have more electronic payment options so they do not have to carry cash. According to the study, survey respondents are twice as likely to carry their mobile phones, than cash, with the 18 to 34 year old age group four times more likely to carry mobile phones.
Management comments, "With a clear technology plan in hand we feel the next step is to find a Beta partner to develop our mobile solution with. Our mobile solution should open the door to more growth."
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.
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.
ATLANTA, GA--(Marketwire - 12/15/09) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "Company") (Pinksheets:TCHH - News) 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. Related Quotes
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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.
Press Release Source: Trustcash On Monday February 1, 2010, 3:59 pm EST
ATLANTA, GA--(Marketwire - 02/01/10) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (Pinksheets:TCHH - News) today confirmed that it is in discussions with Alligato, Inc. for the purchase of an interest in Alligato of up to the 25%. This is in addition to Trustcash's current agreement to provide an alternative payment solution for Alligato's mobile long distance services.
Alligato markets its service under the www.CellLongDistance.com brand.
Alligato� delivers the most sophisticated, comprehensive voice 2.0 platform available. The technology infrastructure provides the first truly open access to carrier-grade telecom functionality with hardware, software and network capacity to lower the cost of cell phone long distance from the wireless network to the Public Switched Telephone Network (PSTN) as an on-demand, fully hosted and managed service in a CaaS (Communications as a Service) model.
The Alligato service enables large member based organizations, existing service providers, application providers and web communities to provide cell phone long distance for their customers and members with greater quality and at significantly lower costs (up to 90% savings).
Alligato currently offers its customers a postpaid billing model via credit card. Alligato management is excited to integrate TrustCash as an alternative, secure, private and reliable payment system which can be instrumental in the expanding distribution of their cell long distance service.
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Tell us where you want to use Trustcash at: http://www.trustcash.com/signup_consumer1.php.
TCHH great news play today. Stock came out with news that it is going to acquire 25% of Alligato. This should trade well today. I am expecting more prs to come this week. Keep this one on ur radar. I took a position in this stock today
TrustCash Holdings, Inc. has finished development of its TrustCash transfer service. Simply put, this transfer service will allow the transfer of TrustCash tokens between TrustCash users. The ability of TrustCash members to load and unload their TrustCash account via credit card, ACH and direct debit provides the Company with a completely new market opportunity. The Remittance Market, also known as money transfers are noncredit payments, which are often sent to a distant place, is one of these markets. trustcash inc. is shorting the cost of their product/marketing tool to become debt free. expecting to move back to bigger OB.
TCHH way undervalued, great grab at .0002, could see it touch .0003 definatly. or possible .0004, company is trying to recover debts. i think they are tightening up just fine. this year alone have recovered almost 600k, this was CEO Kent Carasquero's mastermind for trustcash. CEO and company promising big things for to happen with the company. what i do kn ow it is very hard to break the trend TCHH fell into, distribution trends are very hard to break. this trend is mostly a beginners trade. depending on your entry. good thing is TCHH is sitting on the 52 wk low and i honestly dont see .0001 comming anytime soon. this level is a great time to load up. bears are still stickin around. make TCHH become a bull again. When bulls enter the market its a definate 33% and or 66% flip. fast money.
Press Release Source: Trustcash On Monday March 8, 2010, 4:15 pm EST
ATLANTA, GA--(Marketwire - 03/08/10) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (Pinksheets:TCHH - News) 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.
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