SOURCE: IFAN Financial, Inc.

January 07, 2016 09:38 ET

IFAN Financial, Inc. Initiates FDIC-Insured "POWER by IFAN MasterCard" Prepaid Card Program Representing Next Generation of FinTech Financial Services

SAN DIEGO, CA--(Marketwired - Jan 7, 2016) -  IFAN Financial, Inc. -- (OTC PINK: IFAN), ("IFAN" or "the Company"), a designer, developer, and distributor of software to enable mobile payments, announced the launch of its FDIC-Insured POWER by IFAN MasterCard Prepaid Card program. Customers can apply for the card at

The POWER by IFAN MasterCard Prepaid Card is linked to the IFAN Mobile Wallet through the IFAN Financial Payment Platform, which offers users the ability to access cash and merchant services worldwide at any location that accepts MasterCard Debit Cards. Enrollment includes 24/7/365 access to customer service, along with a complete suite of online banking services, including bill pay, text alerts and balance and transaction inquiries. Importantly, users gain access to the MasterCard Zero Liability Policy, which protects customers against loss or theft throughout the world.

J. Christopher Mizer, President and CEO of IFAN Financial, commented, "The POWER by IFAN MasterCard Prepaid Card program is the natural step into the next generation of FinTech services. We are delighted to be offering customers an alternative banking solution that comes with the safety and security of the MasterCard Zero Liability Policy, that's FDIC insured, and is safer than holding cash or writing a check."

Steve Scholl, Chief Financial Officer of IFAN Financial, added, "We believe that POWER by IFAN MasterCard Prepaid Card program represents another significant opportunity for us to generate further customer exposure to the IFAN Financial Payment Platform. The prepaid card industry is a $200 billion and growing industry that is being rapidly adopted by both consumers and businesses. As we begin to market the program, we are finding a high degree of interest from companies that want to use it as a payroll card and others who want to use it as an alternative to issuing company credit cards to their employees."

About IFAN Financial, Inc
IFAN Financial, Inc. and its wholly owned subsidiaries design, develop, and distribute software to enable mobile payments. These include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer and peer-to-peer cash transfers. For more information, visit

Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding the Company's ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of the Company's projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which the Company operates, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of the Company's business, (vii) its lack of operating history and (viii) the financial, technological, and regulatory uncertainties relating to developing, constructing and completing to operational status, a biogas generation facility such as the Project. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.

Contact Information

  • Contact:
    Steve Scholl
    Chief Financial Officer
    IFAN Financial, Inc.
    3517 Camino del Rio South
    Suite 407
    San Diego, CA 92108
    Direct: 858-277-9868
    FAX: 619-923-2907
    Email Contact