NEW YORK, Sept. 25, 2007 (PRIME NEWSWIRE) -- Trustcash Holdings, Inc. (OTCBB:TCHH) and its Trustcash(tm) secure and anonymous online payment system, announced today that it has signed an agreement with ElectraCash that will provide customers the ability to use their bank accounts to purchase Trustcash.
ElectraCash is a leading provider of Internet payment processing services, offering consumers the ability to make Direct Deposits in the U.S. and Canada, and to initiate wire transfers around the globe. One of the hottest trends in the e-commerce arena is the use of electronic checks ("eChecks") via ACH to make payments over the Internet. Growing at 40% per year, ACH eCheck payments are the most common application on the Internet today.
"The ability to purchase Trustcash using bank account direct transfers adds another method of purchase choice for consumers," said Greg Moss, Trustcash CEO. "This method is especially desirable to consumers who do not have a credit card or prefer the added security and privacy of Trustcash on the Internet, and would prefer not to use a credit card anywhere in their transaction."
About Trustcash Holdings, Inc.
Through its Trustcash brand, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash has initiated relationships with more than 500 merchants as well as thousands of retail outlets, and utilizes a proprietary technology and processing system which supports secure and private payments. Trustcash's non-reloadable, virtualTrustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser. The Company is based in New York City.
For additional information on Trustcash Holdings, Inc., please visit www.trustcash.com.