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LAS VEGAS, NV--(Marketwire - February 25, 2010) - One World Ventures, Inc. (PINKSHEETS: OWVI) announced today that it has signed a Master Services Agreement with eCommLink, Inc., a leading value-added prepaid processor.
The relationship supports One World Ventures' business model to develop and deploy a wide range of prepaid card solutions worldwide. The company's reloadable prepaid debit card, the 1World Card, will allow consumers without formal banking relationships to avoid the high costs of check cashing and money order fees.
The signing of the MSA is the most substantial piece of the 1World Card solution and represents the culmination of months of work to assure that the 1World Card will be a leader in the debit card market. The 1World Card features include direct deposit, bill pay and money transfer services and will interface with international partners to provide low cost remittance for cardholders.
"The adaptive nature of eCommLink's prepaid processing platform enables us to expand our channels throughout the world," Steve Prior, CEO of One World Ventures, Inc., stated. "Through this association we have the key component that enables us to provide the unbanked and underserved population with a secure and convenient means to conduct essential financial transactions."
About One World Ventures, Inc.
One World Ventures, Inc. (1worldventures.net) is a holding company with management resourced in Asia and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.
About eCommLink, Inc.
eCommLink, Inc. (www.ecommlink.com) enables program managers and financial institutions to maximize revenue from their prepaid debit programs. The company's flexible prepaid processing platform, innovative features and industry experience allow clients to create customized prepaid programs for their specific markets while ensuring quality, security and time to market. eCommLink supports the full array of prepaid debit programs, including general spend, payroll, teen, gift, travel, government and loyalty cards.
The relationship supports One World Ventures' business model to develop and deploy a wide range of prepaid card solutions worldwide. The company's reloadable prepaid debit card, the 1World Card, will allow consumers without formal banking relationships to avoid the high costs of check cashing and money order fees.
The signing of the MSA is the most substantial piece of the 1World Card solution and represents the culmination of months of work to assure that the 1World Card will be a leader in the debit card market. The 1World Card features include direct deposit, bill pay and money transfer services and will interface with international partners to provide low cost remittance for cardholders.
"The adaptive nature of eCommLink's prepaid processing platform enables us to expand our channels throughout the world," Steve Prior, CEO of One World Ventures, Inc., stated. "Through this association we have the key component that enables us to provide the unbanked and underserved population with a secure and convenient means to conduct essential financial transactions."
About One World Ventures, Inc.
One World Ventures, Inc. (1worldventures.net) is a holding company with management resourced in Asia and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.
About eCommLink, Inc.
eCommLink, Inc. (www.ecommlink.com) enables program managers and financial institutions to maximize revenue from their prepaid debit programs. The company's flexible prepaid processing platform, innovative features and industry experience allow clients to create customized prepaid programs for their specific markets while ensuring quality, security and time to market. eCommLink supports the full array of prepaid debit programs, including general spend, payroll, teen, gift, travel, government and loyalty cards.
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