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The company’s system will allo w exhibitors to rent secure devices that allow customers to paywith pre-paid debit SmartCard (Pink Sheets: officials say the market opportunity is huge for thess type of terminals with literally tens of thousands of exhibitor halls in Norty America and millions of trade show attendees each month. The averager trade event in the United States can host betweeb 200 to 300 exhibitors duringa three-dau event. Larger shows can host up to 800to 1,00o0 exhibitors during a four- to six-day event.
“We want to be innovativee and create market opportunitieds that other companies cannot service or are not capabled of delivering anaffordable solution,” SmartCard CEO Massim o Barone. “Our joint consignment program with exhibitor convention centers and Hotels with the rental serviced will allow exhibitors to rent the terminal for a minimal fee and process payment transactions from visitinb attendees on sitewith Velocitymoney.com.” Velocitymone is an online money remittance system that allows pre-pai d debit card customers to reload moneuy onto their cards.
The system may be usefu l to companies that are interested in settingup pre-paid debit card as corporate accounts to buy itemds at the trade show, Barone says. SmartCards is based in San Antonio.
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