Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Consorteum Holdings, Inc. (CSRH.OB) Continues Rollout Of New MasterCard Initiative

Keeping with its stated goal of providing clients with the best in payment and transaction solutions, Consorteum Holdings recently announced that First Nations Financial Services (FNFS) has successfully deployed a pilot program of MasterCard benefits cards. This is just the first of a suite of financial products and services meant to be deployed in support of various aboriginal communities in North America. The first community being served is the Madawaska Maliseet First Nation Community in New Brunswick, Canada.

FNFS is paying for the pilot program, which is targeted at the community’s administration group. The program is expected to provide valuable data for further expansion. The plan is to launch a multi-location pilot rollout later this year, depending upon results of this initial pilot and the receipt of additional funding. Community leaders hope that feedback from the program will eventually allow a nationwide launch of the initiative.

This is just one of many programs that Consorteum has developed to help a growing and diverse collection of organizations and companies more efficiently transfer payments and process transactions. Through its valuable connections within the financial industry, together with its flexibility and experience in tapping the most advanced technologies on the market, Consorteum always manages to come up with creative solutions and now serves clients internationally.

The company has developed customized loyalty programs for clients, designed to promote brand loyalty. They’ve also created a wide range of card-based payroll programs to facilitate making payments to employees that have problems cashing checks. In addition, Consorteum provides ways for healthcare patients to track and manage health related records and transaction. They’ve even put together a program that helps ship operators pay employees requiring different currencies.

The idea has always been to help reduce the administrative hassles involved with transaction processing, replacing it with a fast and efficient process that also benefits employees and customers.

For more information, visit

Please see disclaimer on QualityStocks website:

Disclosure: no positions