IFAN Financial Inc. announced that it has entered into a strategic relationship with GTV Corporation. Among the objectives and goals of this relationship, the two will work together to develop various offerings to drive adoption of the IFAN platform and secure meaningful market share in the social commerce space. A turnkey, OEM platform solution for developers and e-commerce companies to integrate digital payment capabilities into their offering.

This platform will be optimized for mobile and digital media; Enabling application joint ventures will be supported to launch online consumer services that serve to drive adoption of the IFAN platform; An event app platform offering a modular solution for event owners to offer attendees value added services, while generating new areas of revenue and cost saving through more efficient operations (faster POS, lower transaction cost, better security, etc.); A digital retail solution that will enable retailers to realize significant cost savings by accepting lower cost debit card transactions on a phone or tablet as an alternative to paying high credit card fees; A robust alternative address book application that offers tight integration with social networks and easy person-to-person payments between contacts. IFAN will collaborate with GTV basis for the engineering work required to integrate the IFAN SDK into the GTV platform; IFAN and GTV will share in the net revenues generated from the application joint ventures that are developed together, on a basis to be determined; and IFAN and GTV will share will share in the net revenues generated by IFAN from the marketing traffic from affiliates secured by GTV (and /or Agency X) on a basis to be determined.