CST: 29/07/2016 02:48:17   

UPDATE - IFAN Financial, Inc. Initiates FDIC-Insured "POWER by IFAN MasterCard" Prepaid Card Program Representing Next Generation of FinTech Financial Services

197 Days ago

SAN DIEGO, CA--(Marketwired - Jan 13, 2016) - IFAN Financial, Inc. -- (OTC PINK: IFAN), ("IFAN" or "the Company"), a designer, developer, and distributor of software to enable mobile payments, announced the launch of its POWER by IFAN MasterCard® Prepaid Card program. The POWER by IFAN MasterCard Prepaid Card is issued by Utah-based TAB Bank, member FDIC. Customers can apply for the card at www.powerbyifan.com.

The POWER by IFAN MasterCard Prepaid Card can be linked to an IFAN Mobile Wallet through the IFAN Financial Payment Platform, which offers users the ability to access cash and merchant services worldwide at any location that accepts MasterCard Debit Cards. Enrollment includes 24/7/365 access to customer service, along with a complete suite of online banking services, including bill pay, text alerts and balance and transaction inquiries. Importantly, users gain access to the MasterCard Zero Liability Policy*, which protects customers against loss or theft throughout the world.

J. Christopher Mizer, President and CEO of IFAN Financial commented, "The POWER by IFAN MasterCard Prepaid Card program is the first and most natural step into the next generation of FinTech financial services. We are delighted to be offering customers an alternative banking solution that comes with the safety and security of the MasterCard Zero Liability Policy, that's FDIC insured, and safer than holding cash or writing a check."

Steve Scholl, Chief Financial Officer of IFAN Financial, added, "We believe that POWER by IFAN MasterCard Prepaid Card program represents another significant opportunity for us to generate further customer exposure to the IFAN Financial Payment Platform. The prepaid card industry is a $200 billion and growing industry that is being rapidly adopted by both consumers and businesses. As we strengthen the visibility of our platform, we are highly optimistic that this program will be a key growth driver for IFAN, both in revenue and new business opportunities."

About IFAN Financial, Inc
IFAN Financial, Inc. and its wholly owned subsidiaries design, develop, and distribute software to enable mobile payments. These include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer and peer-to-peer cash transfers. For more information, visit www.ifanfinancial.com.

About TAB Bank
Founded in 1998, TAB Bank was originally established to provide financial products and services to the trucking industry. Today, TAB Bank offers custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of the business life cycle and during any economic conditions. TAB Bank does this through Asset-Based Loans, Accounts Receivable Financing, Lines of Credit, Equipment Finance, Deposit Accounts, and Treasury Management Services.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding the Company's ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of the Company's projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which the Company operates, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of the Company's business, (vii) its lack of operating history and (viii) the financial, technological, and regulatory uncertainties relating to developing, constructing and completing to operational status, a biogas generation facility such as the Project. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.

*For more information about the MasterCard Zero Liability Protection, please go to:
https://www.mastercard.us/en-us/about-mastercard/what-we-do/terms-of-use/zero-liability-terms-conditions.html 

Contact:
IFAN Financial, Inc.
Steve Scholl
Chief Financial Officer
3517 Camino del Rio South
Suite 407
San Diego, CA 92108
Direct: 858-277-9868
FAX: 619-923-2907
Email Contact
www.ifanfinancial.com

TAB Bank
Cort Christensen
Vice-President, Business Banking
801.624.5789 Direct
Email Contact
www.tabbank.com