ShazamStocks Featured Company: FundsTech Corporation (FNDS.OB) Receives Orders for U.S. Card Programs and Updates Company Activity
FundsTech Corp recently received orders for a series of U.S. card programs in the General Spend, Gift, and Teen markets that will be marketed and deployed to a vast network of retailers in the first quarter of 2008. The company offers financial services and provides prepaid debit cards to over 1 billion working customers worldwide who do not own bank accounts. This market alone is estimated at over $100 billion annually. The new card allows the employers to replace payroll checks for their un-banked workers, and enables employers to use the card where they now pay their employees in cash.…