Consorteum Holdings, Inc.’s (CSRH.PK) MasterCard Benefits Program Continues to Move Forward

QualityStocks would like to highlight Consorteum Holdings (PINKSHEETS: CSRH). Consorteum provides pioneering technology solutions and management expertise to companies and organizations looking to develop, streamline, or augment their methods of processing payment transactions. It operates as a technology and services aggregator to meet the diverse needs of its client base by leveraging its wide range ranging partner technologies to develop end-to-end, turn-key card and payment transaction processing solutions.

In the company’s news yesterday,

Consorteum Holdings was pleased to announce that its MasterCard benefits pilot program with the First Nations initiative in New Brunswick, Canada, has begun the second phase of implementation subsequent to the successful deployment among the community’s administration group.

Recently doubled in size to include additional community members, the pilot program is now accepting direct deposit of funds. The company will continue to collect the valuable data provided by the pilot to support the launch of a nationwide initiative. Recently obtaining the capital required for further expansion, Consorteum anticipates having sufficient data for a scheduled multi-location rollout in early 2011.

Craig Fielding, CEO of Consorteum Holdings, Inc., stated, “After a considerable planning process we are now expanding this pilot to confirm that the data received thus far is indeed supportive of a national initiative. We have communicated with the other First Nations communities involved, introducing them to the MasterCard benefits program for rollout in 2011. We will be adding additional First Nations communities as they commit to being part of the adoption program.”

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