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Investors, analysts and members of the press can get more information about Muscato Group, its business and operating companies, by contacting Craig Taylor.
Information: Craig Taylor
407.551.1309
CraigTaylor@M2-corp.com
Breakthrough Credit and Debit Card Security Technology
Earns Muscato Group US Patent
Muscato Group Selected by Reward Card Solutions, LLC to Manage Corporate Loyalty and Reward Prepaid Card Program
Adding the Reward Card Solutions Program Builds on Muscato Group's International Reward Card Portfolio
Maitland, Florida - May 24, 2011 - Muscato Group, Inc. and its operating company M2, announced today the United States Patent and Trademark Office has granted the company a patent for its single-transaction security code technology for credit and debit cards. Called SAFE, (Secure Access for E-Commerce), it allows a cardholder to easily generate and use a unique, one-time use card security code for each transaction, making online or telephone purchases far more secure than ever before. SAFE replaces the three-digit value located on the back of a card.
SAFE was designed to put card security in the hands of the cardholder, while making it very easy to use. Single-use card security codes can be obtained immediately via text message or email, fitting today's lifestyle. A unique security code also can be requested on the cardholder account portal. For merchants, SAFE requires no changes to the pay page or Website, no plug-ins, no registration and is cost-free.
"SAFE has been extraordinarily successful in reducing online transaction fraud for cardholders worldwide since being introduced in 2009," said Mike Muscato, CEO. He added, "We are very confident SAFE technology can and will cut online credit and debit card fraud worldwide."
M2 incorporates SAFE into its card programs around the world. Combined with an array of SMS alerts and other cardholder security features, M2 payment cards are the most cardholder-friendly yet secure cards available. M2 plans to license SAFE technology to issuing banks, payment card networks, card program managers, and other card processors.
About Muscato Group/M2
Muscato Group/M2 specializes in architecting, developing and implementing transaction and payment technologies and licensing and operating its products and services. Muscato has a foundation in several markets, including healthcare and insurance, logistics and financial payments, and a 25-year track record of architecting, developing and implementing highly scalable, flexible transaction processing software. www.M2-corp.com
Craig Taylor
craigtaylor@m2-corp.com
407.551.1309
Muscato Group Selected by Reward Card Solutions
Muscato Group Selected by Reward Card Solutions, LLC to Manage Corporate Loyalty and Reward Prepaid Card Program
Adding the Reward Card Solutions Program Builds on Muscato Group's International Reward Card Portfolio
Maitland, Florida - June 08, 2010 - Muscato Group, Inc (MGRP:US) announced today that its US card processing division M2 Payment Solutions won a contract to be a major processor for Reward Card Solutions, LLC (RCS) and its rapidly growing loyalty and corporate incentive prepaid card business. Already well established as an international card processor and technology leader, this relationship adds to M2's growing list of US customers. M2 currently is a top processor of prepaid cards in Europe and the Middle East, with cardholders in over 120 countries, and is now focusing on the US prepaid market.
"We selected M2 as a program and processing partner based on their considerable experience in the prepaid card market and the flexibility of the M2 platform, which lets us tailor our programs to meet the needs of our customers," said Alex Callan, cofounder of RCS. Craig Taylor, Chief Marketing Officer at Muscato added, "Reward Card Solutions is leading the way in new applications of prepaid card programs for their customers and we look forward to a long and productive relationship."
M2's industry leading processing platform and patented security and fraud prevention technology, including a full suite of SMS commands and the card industry's most secure card for online commerce, helps provide its customers with the highest level of convenience and security.
About Muscato Group
Muscato Group Inc. (MGRP:US), specializes in developing, marketing and implementing transaction and payment technologies for established and emerging markets and licensing and operating its products and services. Muscato has a foundation in several vertical markets, including healthcare and insurance, logistics and financial payments, and a 25-year track record of architecting, developing and implementing highly scalable, flexible transaction processing software that includes the world's most secure e-commerce transaction technology.
www.M2-corp.com.
About Reward Card Solutions
Reward Card Solutions, LLC., is a leading reseller of the Elite branded open-loop prepaid Visa, MasterCard and American Express Incentive LAP Cards to corporations for use in their loyalty, award and incentives programs. Reward Card Solutions is also a leading reseller of closed-loop merchant gift cards such as WalMart, Home Depot, Darden Restaurants and other merchant cards in both B2B and B2C promotions. Call or visit 602-THE-CARD.com.
Craig Taylor
craigtaylor@m2-corp.com
407.551.1309
Muscato Group Acquires M2 Financial and M2 Europe
Muscato Group Acquires M2 Financial and M2 Europe, Expanding its Global Footprint in Payment Cards, Mobile Commerce and Transaction Security
Combining the Technology Strengths of Muscato with the M2 Companies Adds Operating Capability and Market Presence
Maitland, Florida - June 04, 2010 - Muscato Group, Inc (NASDAQ:MGRP) announced today the acquisition of two financial payments services companies, M2 Financial, Ltd and M2 Europe, Ltd. Acquiring these companies strengthens Muscato's European, Mideast, African and Latin American penetration, adds a portfolio of clients and includes key processing certifications with Visa, MasterCard and JCB. Additionally, the acquisitions solidify and provide more control over several relationships with financial institutions for which Muscato currently provides its technology and processing platform for a number of their global financial transaction services.
Muscato now is positioned as the only company that combines the financial industry's best, prepaid payment technology platform, unique, patented fraud prevention tools and consumer friendly access points for its customers. This move positions Muscato as an even stronger competitor in card markets that include corporate payouts and incentive programs, travel related foreign exchange, mall gift programs, cross-border remittance, foreign worker payroll and more.
"These acquisitions solidify our strategy for Europe and the Mideast, as well as other key markets around the world, where our fully-integrated financial payment system and industry-leading security is ideally suited for financial payments and e-commerce, including the emerging mobile payments market," said Michael Muscato, Chairman. He added, "Our strategy is to provide an industry-leading, safe and secure payment platform that will change the paradigm of card security awareness for both financial institutions and consumers."
About Muscato Group
Muscato Group Inc (NASDAQ:MGRP), specializes in developing, marketing and implementing transaction and payment technologies for both established and emerging markets and creating outlets for licensing and operating its products and services. Muscato Group has a firm foundation in several vertical markets, including healthcare and insurance, logistics and financial payments. Muscato has a 25-year track record of architecting, developing and implementing highly scalable and flexible transaction processing software that includes the world's leading e-commerce transaction security. Visit www.muscatogroup.com.
Contact:
Craig Taylor
craigtaylor@m2-corp.com
407.551.1309
407.497.2548
M2 Systems Corporation
2301 Maitland Center Parkway
Suite 240
Maitland, Florida 32751
Tel: 407.551.1300
Fax: 407.551.1399
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