SOURCE: Trustcash

Trustcash

March 18, 2010 16:32 ET

Trustcash Revenue Opportunity Increases With the Completion of Integration of Trustcash Direct EU

ATLANTA, GA--(Marketwire - March 18, 2010) -  TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today announces the technical development and integration of Trustcash Direct EU has been completed.

Trustcash Management stated: "We expect to complete testing of our European direct pay product and begin offering the product before the end of March 2010. Given the size of the European market we expect to attract new merchants who want access to the European market who seek a secure, no-chargeback solution to accept bill payments. This represents an obvious revenue growth opportunity for Trustcash."

About Direct Debit

Direct debit is a method that allows users to bill directly from their bank account and is available in several countries, including the UK, Germany, South Africa and the Netherlands. It is scheduled to be available across the whole Single European Payments Area by the end of 2010, and is ideal for recurring monthly subscriptions.

TRUSTCASH DIRECT EU is an innovative billing product providing merchants with payment access to 36 countries with over 700 million European consumers.
TRUSTCASH DIRECT EU is supported by all major banks and utilizes the International Bank Account Number (IBAN) standard that was developed to facilitate payments within the European Union.

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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 E-Commerce 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