Bentley Communications Corp. announced a reseller agreement with Virtual Money, Inc. to represent Virtual Money with private label and co-branded ATM cards, and various cash card products, for distribution in several markets, including the securities industry. Merchants and members can now use the Virtual Money ATM Card for many purposes including disbursement of funds at lower costs than checks.
The Virtual Money ATM Card enables all of the buying public, even those without bank accounts, to shop in a brick-and-mortar store or on the Internet. The card can be used in gas stations, department stores, supermarkets, and places of entertainment. “According to Visa USA, up to 15 million households in America do not have a bank account,” stated Gordon Lee, CEO of Bentley. “This is obviously another niche market that Bentley will soon be addressing. The agreement with Virtual Money is very complimentary to Bentley’s business plan. This agreement will expand and accelerate Bentley’s ability to produce revenue and give Bentley the opportunity to distribute to their merchant clients co-branded ATM cards for use at both brick-and-mortar and Internet sites.”
The card features the security of a PIN and is rechargeable on the Internet or at ATMs worldwide. In addition, the card is recognized for discounted health care services in some optical, pharmaceutical and chiropractic programs, including “Coast-to-Coast Vision Plan,” “Neighborhood Pharmacy,” and “Doctors of Chiropractic.”
The E-merchant will have real-time verification of funds and no risk of charge backs, or holding deposits of 10% or more by the EFT Networks. The Virtual Money ATM card benefits employers, E-merchants and consumers by simplifying payroll, providing the convenience of PIN-based transactions and eliminating time spent in bank lines or waiting over the weekend to access payroll funds.
About Bentley Communications Corporation:
Bentley’s focus is on the implementation of services such as Internet payments via an ATM/Debit card from home or office, for online trading of securities. With Bentley’s system in place, the brokerage client’s funds will be immediately available for trading, or any other capital-related brokerage transactions as we apply the [email protected](TM) system to the online brokerage community. Bentley is negotiating online brokerage and clearing firm agreements in order to further its mission that targets transaction based revenue from the fast growing on-line brokerage community. This mission includes the issuance of co-branded debit cards tied to Bentley’s unique [email protected](TM) system. For additional information, see: [www.Bentleycommunications.com][1]
About Virtual Money, Inc.
Virtual Money, Inc. is a consolidator of multiple-payment choices for on-line and brick-and-mortar merchants. The Virtual Money(TM) user-interface is a patent-pending, Internet point-of-sale (POS) payment portal. It is the simplest, most comprehensive and least expensive way to access up to 100% of the buying public. For additional information see [www.Virtualmoneyinc.com][2].
About Kryptosima:
Kryptosima was founded in January 2000 to develop new Internet payment methods. Kryptosima’s founders all have 18 to 30 years experience developing and marketing services, software, and/or hardware for the US banking industry. Their experience has primarily involved credit card processing, ATM-card processing, and home banking. payENKRYPT(TM) is one of Kryptosima’s patent-pending services for online payments. For additional information see: [www.Kryptosima.com][3]
[1]: http://www.Bentleycommunications.com
[2]: http://www.Virtualmoneyinc.com
[3]: http://www.Kryptosima.com
