SOURCE: Trustcash

April 09, 2010 16:15 ET

TrustCash Commences Plans to Introduce TrustCashDEPOSIT Product to Multi-Billion Dollar European Ecommerce Market

ATLANTA, GA--(Marketwire - April 9, 2010) - TRUSTCASH HOLDINGS, INC. ("TrustCash" or the "Company") (PINKSHEETS: TCHH) today announces it has commenced planning to introduce the TrustCashDEPOSIT product to the large European ecommerce market.

B2C ecommerce in Western Europe will reach close to EUR 340 Billion in 2010 according to a DB Research statement in the European parliamentary financial services forum Briefing; "Innovative e-payment solutions: A European perspective."

In Europe, credit cards are not as widely used as in the United States. Debit and bank transfers are very popular methods of online payments in many European countries. TrustCash has previously announced the addition of EU debit and EU Direct Pay products to take advantage of these trends.

The Company feels its TrustCashDEPOSIT product has vast potential to be a great product for European online shoppers to use as another online payment method.

TrustCashDEPOSIT in Europe will be designed to work similarly to the US version of TrustCashDEPOSIT (http://www.trustcash.com/products_deposit.php).

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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 Ecommerce 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 Information

  • Contact:
    TrustCash Holdings, Inc.
    Shareholder Communications
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    1-800-975-5196