WEST PALM BEACH, FL--(Marketwired - March 25, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, through its 49% owned subsidiary Cannabis Merchant Financial Solutions, Inc. ("CMFS") has reached an agreement to offer smart debit cards specifically targeted for the cannabis industry.
This smart card technology will allow retail store owners to load a custom card with a cash balance. By loading the smart card, the store owner can eventually reduce the amount of cash carried into the store by the retailer's customers.
In addition, the smart card has multifaceted storage capabilities. The card can be used as a customer retention and incentive card. This feature will give the store owner a mechanism to incent the retailer's customers to come back to their store for additional products. Specifically, the smart card will add the following benefits:
- Unlimited cash load capability on the card
- Personalized card with the businesses name and logo
- Reduced cash carried into the store by the retailer's customers
- Guaranteed return foot traffic to the merchant's establishment
- Technology advantage over the retailer's competitors
- Multiple incentive and rewards capabilities with the card
- State of the art customer retention program
The smart card will continue beta testing in Colorado and several other state retail locations throughout the months of March and April. It is the Company's intention to grow this smart card technology nationwide to assist with the challenge of surplus cash retained in cannabis locations.
The Company looks forward to providing regular updates in the coming weeks ahead.
About Cannabis Merchant Financial Solutions, Inc.
CMFS, located in Centennial, Colorado and Chaska, Minnesota, is dedicated to providing creative financial solutions for the cannabis industry. For more information, please visit the website:
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company currently operates in the financial services industry segment with a single credit card services portfolio. The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders; and recently announced the formation of Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.
This news release may include "forward-looking statements" regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.