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Click Here to Read the Featured Report about this Company
ATLANTA, GA -- (MARKET WIRE) -- 03/08/10 --
TRUSTCASH HOLDINGS, INC.
("TRUSTCASH") (PINKSHEETS: TCHH) 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.
The
Trustcash
technology infrastructure provides merchants with open access, PCI compliant payment processing. Trustcash™ is an E-Commerce expert providing online businesses with payment solutions needed to be successful.
Click Here to Read the Featured Report about this Company
Disclosure
OTCReporter.com and HotOTCChina.com are owned by Oceanic Consulting, LLC ("Oceanic") and Garden State Resources NJ, LLC ("Garden State"), both of which are New Jersey limited liability corporations (OTCReporter.com and Hot OTCChina.com and its owners, Oceanic and Garden State, and their affiliates, directors and officers and its immediate family members are referred to in our Disclaimer as "OTCR" or "we" or "us" or "our"). Oceanic and Garden State are referred to herein collectively as the "LLC Companies" when the context of the statements pertain to compensation matters, including our "Compensation Disclosure" section that seeks to comply with Section 17(b) of the 1933 act, as amended, which states that any person who disseminates publications or other communications (through interstate commerce) for consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, must disclose the receipt and amount, whether past or prospective, of such consideration. The LLC Companies received fifty milllion free trading shares of TCHH and one million sixty nine thousand dollars from a non-affiliate third party shareholder of TCHH in return for OTCR’s services to publicly and electronically disseminate information pertaining to TCHH, and thereafter sold all fifty million free trading shares. It is imperative that all readers of the above Compensation Disclosure Section click on the link below to carefully review our Disclaimer in its entirety, which contains important information about penny stocks, our operations, the limited nature of the information presented in our publications and various risks attendant to the companies that we profile.
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