Heres a strong Pr from TCHH. Put this one on your radar list. I think this one is going to explode in the am and we should be seeing alot of volume and some nice gains too. The news touches base on what the company is doing and how much the mobil payment market will expand in the future. Read more here...
ATLANTA, GA--(Marketwire - 05/19/10) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "COMPANY") (Pinksheets:TCHH - News) today announces that with the assistance Alligato, Inc. the Company has doubled the size of its technology infrastructure.
Specifically, TrustCash has deployed its core technology infrastructure within a strategic development lab. The infrastructure deployment consists of enterprise level Hewlett Packard (HP) hardware and enterprise versions of JAVA technologies. The design of the platform is to be operating system agnostic currently set up within a Linux/Unix environment. All technologies have been acquired by the Company to implement the proprietary TrustCash end-to-end mobile commerce platform.
The Company believes that this achievement puts it on track for its entry into the burgeoning mobile payments market.
The Following article further confirms TrustCash's strategy:
■The worldwide market for mobile payments will grow to $633.4 billion by 2014, up from $68.7 billion in 2009, according to a new report by Generator Research. Meanwhile, mobile payment users will grow 600 percent to 490 million in 2014 from 81.3 million last year. Using your phone or your phone number to exchange money is convenient for everyone but especially the "underbanked." Whether it's payment dongle Square launching this week, Zong raising $15 million late last month on the strength of its virtual goods business on Facebook, or the fact that my dinner party companions last night settled the bill using Venmo, mobile payments are finally part of the present rather than the hazy projected future.
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Mobile Payments to Reach $633B by 2014