SOURCE: Secured Financial Network, Inc.

February 22, 2010 11:59 ET

Payvision Teams Up With RedFin Network

New Partnership to Expand RedFin's Global Opportunities

AMSTERDAM, THE NETHERLANDS--(Marketwire - February 22, 2010) - Payvision (www.payvision.com), one of the leading international payment solutions providers for the card-not-present marketplace, announced today that it has formed an alliance with RedFin Network (www.redfinnet.com), a wholly owned subsidiary of Secured Financial Network, Inc. (OTCBB: SFNL).

Secured Financial Network Inc, through its wholly owned subsidiary, RedFin Network, is a leader in the payments and transactions industry, serving over 110 ISO/MSP acquiring companies throughout the Americas. RedFin Network is the exclusive distributor of Blue Bamboo (www.BlueBamboo.com) terminals and printers in the Americas, a product line including the industry leading H-50 terminal and the P-25M printer/magnetic card reader.

RedFin Network owns and operates a Level 1 (PCI) Certified payment gateway known as The RedFin Gateway. The RedFin Gateway is a powerful payment gateway that is integrated with 15 individual payment platforms, enabling the processing of Credit/Debit/ACH/Check/Gift and Loyalty transactions quickly and securely.

"We are thrilled to enter into a partnership with a company whose business philosophy and products complement ours," says Rudolf Booker, President and CEO of Payvision. "Payvision looks forward to supporting RedFin's efforts to expand their international footprint."

"Our ISOs and VARs, domestically and internationally, will benefit greatly from Payvision's comprehensive suite of global solutions," says Jeffrey Schultz, President and CEO of RedFin Network's parent company, Secured Financial Network, Inc. "We believe this newly formed partnership will help us achieve our goals for increased market share and globalization of our business."

About Payvision

Headquartered in Amsterdam with satellite offices in New York, Boston, San Diego, Madrid, and Singapore, Payvision was founded in 2001 by international entrepreneur Rudolf Booker. This leading international payment solutions provider offers a comprehensive suite of products and services for the card-not-present arena. Its core is built on multiple key components that include domestic global acquiring, multi-currency processing and alternative payment solutions. Payvision's multi-tiered platform offers flexible and feature-rich, stream-lined solutions that can be deployed worldwide. At present, Payvision provides its domestic acquiring expertise to retail communities in over 40 countries and 150 currencies. To learn more about Payvision, please visit www.payvision.com.

About RedFin Network

A wholly owned subsidiary of Secured Financial Network, Inc. (OTCBB: SFNL), RedFin Network operates a robust, yet merchant friendly, Internet Payment Gateway, "The RedFin Network". The Payment Gateway specializes in providing (PCI) Certified Payment Technology for small to enterprise size business and resellers in need of secure and reliable Wireless, Retail and Internet credit/debit card and ACH processing services with dedicated customer service and technical support 24/7. RedFin is also the exclusive distributor of products manufactured by Blue Bamboo (www.bluebamboo.com) in the Americas. Visit our websites www.securedfinancialnetwork.com and www.redfinnet.com

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Secured Financial Network, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Contact:
    Carrie Bardeen
    SVP
    Payvision North America Sales
    (978) 462-3459
    Email Contact

    Contact:
    Jeffrey Schultz
    Pres/CEO
    Secured Financial Network, Inc.
    954.376.7406
    Email Contact