Wednesday, March 08, 2006

Bison International to Distribute Debit Cards With Scoot Mobile Money(TM) Transfer Capabilities

-SVC Financial Services Press Release

New Debit Card Allows Users to Safely Send and Receive Money via Cell Phone

SAN FRANCISCO, CA -- (MARKET WIRE) -- 03/01/2006 -- SVC Financial Services Inc. (OTC BB: SVCX), a leading provider of mobile transaction technologies, today announced that Bison International, a distributor of MasterCard debit cards in America and Latin America, will launch a major initiative to offer cards utilizing the Scoot Mobile Money platform. Bison will market the cards directly to its current user base of 250,000, and solicit new customers through television advertising in the USA and Latin America.

"This is a tremendous opportunity to provide cost-effective money transfer services which give consumers the speed, security, and convenience they are looking for," said David Farr, President of Bison International. "Now we can offer our customers a revolutionary way to quickly and easily send money to their family and friends in Latin America."

Scoot features integrate virtually any cell phone with prepaid re-loadable ATM and debit cards accepted at over 1 million ATM locations and over 5.5 million merchants worldwide. Because a bank account is not required to obtain a card, anyone with a cell phone can easily and safely store, send, receive, and manage funds anywhere in the world.

"Bison's solid presence in the market and experience with debit cards will be instrumental to our worldwide launch," said Christopher Haigh, SVC President and CEO. "We are directly addressing the $46Bn/year remittance market to Latin America, providing a unique, low-cost solution for the un-banked and under-banked economy."

Bison also offers new subscribers generous benefits including 60 minutes of free long-distance calling within the (contiguous) US; free membership in their Roadside Assistance Program in the US and Canada; 5 free hours of dial-up internet access with unlimited email access; and enrollment in the Bison Discount Program which includes legal benefits, travel discounts, and movie tickets.

1 comment:

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