IFAN Financial Reaches Technology Development Milestones
MARCH 2, 2015
SAN DIEGO, CA–(Marketwired – Mar 2, 2015) – IFAN Financial, Inc. (OTC: IFAN) is pleased to announce that two significant milestones have been achieved by its iPIN Technologies subsidiary under the Company’s license agreement. These milestones involve posting the status of a financial transaction to the merchant call back uniform resource locator (URL) and developing the front-end database to enable a merchant processing transaction.
The final development milestones involve the back-end integration of the application with a merchant processing gateway and completion of beta testing for the Apple and Android operating systems. When completed, the iPIN Technologies solution will involve a mobile app, card reader, and merchant network that will enable consumers to use their smartphone to make purchases in a convenient, secure environment.
“With the completion of major milestones three and four, the iPIN Technologies platform is approximately two-thirds complete,” states IFAN Financial Chief Financial Officer Steve Scholl. “Development of the iPIN Technologies products are proceeding and we expect to launch the products on a commercial basis during the second quarter of 2015.”
About IFAN Financial, Inc.
IFAN Financial and its wholly owned subsidiaries design, develop, and distribute solutions to enable mobile payments. The Company’s technologies enable consumers to use a debit card and corresponding PIN number for making purchases online on a mobile phone, tablet, or computer and for making peer-to-peer cash transfers. For more information, visit www.ifanfinancial.com.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of IFAN Financial, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond IFAN Financial, Inc.’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in IFAN Financial, Inc.’s filings with the Securities and Exchange Commission.
Chief Financial Officer
IFAN Financial, Inc.
5694 Mission Center Road
San Diego, CA 92108-4312
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