TransferOrbit Enters the Mobile Transfer Market with FonWallet

TransferOrbit Corporation (OTC: TRBI) (www.transferorbit.biz) announced today its strategic alliance with FonWallet Payment Solutions, Inc. (www.fonwallet.com). By this agreement, FonWallet becomes the developer of mobile transaction solutions for TransferOrbit. Under the agreement, FonWallet will include TransferOrbit as its exclusive provider for money transfers, bill payments, and remote purchase transactions on the FonWallet Mobi platform.

“This alliance will enable TransferOrbit to offer its Originating Market Customers, Banks, Money Transfer Companies and Retailers, the ability to enable a full cycle transfer from their cellular phones,” said Jorge H. Toro, President & CEO of TransferOrbit. This is one more step in TransferOrbit’s strategic positioning as the leading, integral solutions, third party processor of the global remittances in the Financial Services Industry. “With cutting edge solutions like FonWallet, we will become the VISA or MasterCard of the transfer industry,” added Toro.

“TransferOrbit brings fully integrated delivery methods in the money transfer industry to the FonWallet Mobi product,” said Todd Coulter, President of FonWallet. He added, “Our banking customers will benefit on a turn-key basis from the ability to deliver transfers that our new partner TransferOrbit brings them.”

TransferOrbit, a Florida Corporation, is an electronic intermediary for money transfer providers. Banks and non-banks use the Company’s scalable, turnkey system of proprietary software and secure network processing to facilitate the person-to-person transfer of money on a “private label basis” throughout Latin America. Providers piggyback on the Company’s established network in the United States and 17,000 transfer agents in countries throughout Latin America.

FonWallet is a “transaction facilitator” enabling seamless execution of any transaction or payment across multiple user interfaces, be they TV Set-Top boxes, Mobile Phones, Desktop Computers, Laptop Computers, Point-Of-Sale devices and so on. FonWallet is taking mobile wallet technology and the mobile wallet concept to a new level, in the areas of security, functionality and ease of use. FonWallet is paving the way for a new era in the consumers use of their mobile phones as a secure wallet for banking, traveling, shopping, trading and all other uses of the mobile wallet, in a secure easy to use framework. In addition the FonWallet solution helps all parties significantly reduce the costs of fraud and identity theft. For more information about FonWallet Payment Solutions email info {at} fonwallet(.)com.

Contacts

Equiti-trend Advisors LLC
Andrew Arms, 800-953-3350
trbi-info {at} equititrend(.)com