Welcome | Secured
Financial Network is a publicly traded company listed on the Over-The-Counter
bulletin board (OTC) under the ticker symbol (OTC:BB Symbol SFNL).
Secured Financial Network, Inc. is positioned to become a market leader
in online and wireless merchant payment acquisitions.
SFNL has developed a full spectrum of products and services for electronic and traditional payment
transactions that they market through their business group, RedFin Network. The SFNL platform is centered on their
Payment Card Industry (PCI) Certified Payment Gateway and proprietary ‘bank-grade’
electronic-vault based payment-processing system through its exclusive Envoii
Deployment License Agreement.
RedFin Network was formed as a wholly owned subsidiary. This operation evolved into various core
payment processing initiatives that resulted in the acquisition of the Virtual
Payment Solutions processing platform (VPS). The VPS platform has enabled SFNL
to move into other spaces, including the development and Build-out of the Redfin
PCI Certified Payment Gateway. CORPORATE HIGHLIGHTS
- Exclusive
Distribution - Wholly owned subsidiary RedFin Network is
the exclusive US distributor for Blue Bamboo, a China-based global manufacturer
of wireless payment processing terminals utilizing AT&T and T-Mobile networks.
-
Fully Compliant - The RedFin Network Payment Gateway
is PCI/DSS (Payment Card Industry Data Security Standard) and CISP (Cardholder
Information Security Program) compliant and recently received a Receipt of Compliance
from VISA.
- Multiple Revenue Streams
- SFNL generates revenues on a monthly and per transaction basis from several
sources, including payment processing transactions, credit/debit, check verification,
and ACH/Check 21, in addition to sales of its partners' products and services
such as Blue Bamboo equipment and monthly data plans.
-
Mobile & Wireless Niche - Of the over 5 million Internet merchants
worldwide, nearly 5,000 new merchants open daily requiring shopping cart and gateway
technology. SFNL is focused on becoming a leading, national online and wireless
payment gateway provider. (Stats from SIC data & The Green Sheet).
-
Exponential Sales Potential - The RedFin Network Payment Gateway currently processes 250,000
transactions per month, and management believes new contract wins will drive up
transactions per month to 3 Million by the end of the first quarter and
10 million by year end 2009.
- Robust
Market - McKinsey & Co report growth in electronic credit card processing
from a value of $49 Billion in 2006 to $85 Billion by 2010 and the market for
eCheck/ACH is expected to increase from $13 Billion to $19 Billion over the same
time period.
- Strong Marketing Network
- RedFin Network is working with 40 ISOs (Independent Sales Organizations) to market the
Blue Bamboo wireless products and The RedFin Network Payment Gateway to retail merchants
and financial organizations nationwide. As result, new account wins include Charge
Card Systems, the 5th largest producer for First Data, a major information
and credit processing company in the US.
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