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InstaDial ® to offer an international US Dollar Debit Visa® card.
NEW YORK , NEW YORK - (For immediate release) -- September 15, 2005 10:00 AM
InstaDial Technologies is pleased to announce that we will offer an international US Dollar MultiCard Debit Visa®. The MultiCard Debit Visa® expands the InstaDial current card product offering by providing a Debit Visa® product to residents in the U.S. and abroad, offering additional revenue opportunities with a worldwide market potential.
The MultiCard Debit Visa® card can be used at over one million ATM’s and 12 million merchant locations worldwide. The MultiCard card can be used for travel, hotel accommodations, car rental, shopping, dining and entertainment and is accepted by those merchants with electronic POS machines on the Visa® and Plus® network. The primary focus of the MultiCard will target ethnic and unbankable customers who require a credit card for POS transactions, ATM withdrawals, Mail, Telephone and Online ordering.
The MultiCard is un-embossed for offline protection and includes card number, expiry and CVC security code. The MultiCard can be loaded at any participating Empasys™ merchants at thousands of easy access locations and also saves time and money with the added the convenience of customer bill payment services. The MultiCard has a low transaction fees with a monthly fee of $ 5.00 and customers can load money on the card for only .70 cents and provides the flexibility of being used in any currency for worldwide purchases.
In the U.S. there are an estimated 33 million households who are considered unbankable. In 2002 money transfers to native countries exceeded $30 billion and it is estimated that this figure exceeded $35 billion in 2003 and will increase to over $450 billion within the next decade. The prepaid debit card market is expected to grow by an enormous 338% to almost $800 million dollars by the year 2005. This forecast was designed from the conventional uses of credit and debit products.
About InstaDial ®
InstaDial ® is a Next Generation Communication Solutions Provider located in Canada and the United States . InstaDial provides technology solutions utilizing Voice over IP (VoIP). The public telephone market is evolving rapidly as VoIP technology or Internet Telephony CONVERGES traditional circuit switched telephone networks with data networks. InstaDial VoIP solutions offer significant cost savings for consumer long distance, Enterprise communications, Call Centre operations, calling card solutions and online communications integration. The adoption of VoIP has been overwhelming and the recent technology advances such as wide spread high-speed Internet access has allowed InstaDial to bring VoIP products mainstream.
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