SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549



                                    FORM 8-K



                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



   Date of Report (Date of earliest event reported):          DECEMBER 3, 2001



                  SINGLE SOURCE FINANCIAL SERVICES CORPORATION
             (Exact name of registrant as specified in its charter)



          NEW YORK                     000-33229                16-1576984
      (State or other                 (Commission            (I.R.S. Employer
jurisdiction of incorporation)        File Number)          Identification  No.)



                         121 NORTH SAN VICENTE BOULEVARD
                        BEVERLY HILLS, CALIFORNIA  90211
              (Address of principal executive offices)  (zip code)


                                 (888) 262-1600
              (Registrant's telephone number, including area code)


          (Former name or former address, if changed since last report.)

<PAGE>

ITEM  1.          CHANGES  IN  CONTROL  OF  REGISTRANT

     Not  applicable.

ITEM  2.          ACQUISITION  OR  DISPOSITION  OF  ASSETS

     Not  applicable.

ITEM  3.          BANKRUPTCY  OR  RECEIVERSHIP

     Not  applicable.

ITEM  4.          CHANGES  IN  REGISTRANT'S  CERTIFYING  ACCOUNTANT

     Not  applicable.

ITEM  5.          OTHER  EVENTS

     On  December  3, 2001, Single Source Financial Services Corporation ("SSFS"
or  the  "Company") signed a binding letter of intent (the "LOI") with MBBRAMAR,
INC., a California corporation ("MBB") which included an irrevocable option (the
"Option")  to  acquire from MBB all of MBB's shares of common stock of CardReady
International,  Inc.,  a California corporation ("CardReady"), owned at the time
of  exercise  of  the Option (the "CardReady Shares").  Currently, MBB owns over
96%  of  the  outstanding  common  stock  of  CardReady.

     Under  the  terms  of  the  LOI, the Company may, at any time during the 18
months  following  the  date of execution (the "Option Period"), and upon thirty
(30)  days  written  notice  (unless extended because of the requirements of the
Securities  and  Exchange  Commission  or the corporate laws of the State of New
York,  including  the  need  to obtain shareholder approval), acquire all of the
CardReady Shares from MBB.  The purchase price to be paid by the Company for the
CardReady  Shares  will  be  equal to the value of CardReady as determined by an
agreed-upon  third  party  valuation  (the  "CardReady  Value") divided by fifty
percent  (50%)  of the lowest closing bid price for SSFS common stock during the
thirty (30) trading days prior to the closing, but in no event will the purchase
price exceed thirty million (30,000,000) shares of SSFS (the "SSFS Shares").  As
additional  consideration  for  the  grant of the Option, SSFS agrees to, within
ninety  (90) days of the date of the LOI, loan to CardReady the sum of $500,000,
payable  in  traunches  as  agreed  between the parties, bearing no interest and
repayable  in  a  balloon  payment  at  the end of three (3) years from the date
hereof.

     The  LOI  contains certain unwinding provisions.  For a period of three (3)
years  from  the  closing  of  the acquisition, if the closing bid price of SSFS
common  stock as quoted on its primary exchange is less than $1.00 per share for
thirty  (30) consecutive trading days, or if SSFS common stock is not listed for
trading  on  any public exchange for a period of thirty (30) consecutive trading
days,  or  if the trading volume of SSFS common stock on its primary exchange is
less  than  250,000  shares  per  month  for three (3) consecutive full-calendar
months,  then  MBB shall have the right, but not the obligation, to purchase the
CardReady  Shares  back from SSFS for consideration equal to the SSFS Shares (as
adjusted for any stock splits or recapitalizations).  Additionally, for a period
of three (3) years from the closing of the acquisition, if CardReady fails for a
period  of thirty (30) consecutive business days to maintain a relationship with
a  back-end  processor  and  a bank, then SSFS shall have the right, but not the
obligation, to "put" the CardReady Shares back to MBB for consideration equal to
the  SSFS  Shares  (as  adjusted  for  any  stock  splits or recapitalizations).

                                        2
<PAGE>

     MBB  is  owned and controlled by Brandon Becker, who is a director of SSFS,
and  Martin Becker and Sid Rosenblatt, each of which is the spouse of a director
of  SSFS.

ITEM  6.          RESIGNATIONS  OF  DIRECTORS  AND  EXECUTIVE  OFFICERS

     Not  applicable.

ITEM  7.          FINANCIAL  STATEMENTS

     Not  applicable.

ITEM  8.          CHANGE  IN  FISCAL  YEAR

     Not  applicable.

EXHIBITS

     10.1         Letter of Intent dated November 29, 2001 by and between Single
                  Source Financial  Services  Corporation,  MBBRAMAR,  INC., and
                  CardReady International, Inc.

                                        3
<PAGE>
                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

Dated:  December  10,  2001                    Single  Source Financial Services
                                               Corporation


                                   /s/ Arnold F. Sock
                                   __________________________
                                   By:     Arnold  F.  Sock
                                   Its:    President

                                        4
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                    FORM 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

   Date of Report (Date of earliest event reported):          DECEMBER 3, 2001

                  SINGLE SOURCE FINANCIAL SERVICES CORPORATION
             (Exact name of registrant as specified in its charter)

          NEW YORK                     000-33229                16-1576984
      (State or other                 (Commission            (I.R.S. Employer
jurisdiction of incorporation)        File Number)          Identification  No.)

                         121 NORTH SAN VICENTE BOULEVARD
                        BEVERLY HILLS, CALIFORNIA  90211
              (Address of principal executive offices)  (zip code)

                                 (888) 262-1600
              (Registrant's telephone number, including area code)

          (Former name or former address, if changed since last report.)
ITEM  1.          CHANGES  IN  CONTROL  OF  REGISTRANT

     Not  applicable.

ITEM  2.          ACQUISITION  OR  DISPOSITION  OF  ASSETS

     Not  applicable.

ITEM  3.          BANKRUPTCY  OR  RECEIVERSHIP

     Not  applicable.

ITEM  4.          CHANGES  IN  REGISTRANT'S  CERTIFYING  ACCOUNTANT

     Not  applicable.

ITEM  5.          OTHER  EVENTS

     On  December  3, 2001, Single Source Financial Services Corporation ("SSFS"
or  the  "Company") signed a binding letter of intent (the "LOI") with MBBRAMAR,
INC., a California corporation ("MBB") which included an irrevocable option (the
"Option")  to  acquire from MBB all of MBB's shares of common stock of CardReady
International,  Inc.,  a California corporation ("CardReady"), owned at the time
of  exercise  of  the Option (the "CardReady Shares").  Currently, MBB owns over
96%  of  the  outstanding  common  stock  of  CardReady.

     Under  the  terms  of  the  LOI, the Company may, at any time during the 18
months  following  the  date of execution (the "Option Period"), and upon thirty
(30)  days  written  notice  (unless extended because of the requirements of the
Securities  and  Exchange  Commission  or the corporate laws of the State of New
York,  including  the  need  to obtain shareholder approval), acquire all of the
CardReady Shares from MBB.  The purchase price to be paid by the Company for the
CardReady  Shares  will  be  equal to the value of CardReady as determined by an
agreed-upon  third  party  valuation  (the  "CardReady  Value") divided by fifty
percent  (50%)  of the lowest closing bid price for SSFS common stock during the
thirty (30) trading days prior to the closing, but in no event will the purchase
price exceed thirty million (30,000,000) shares of SSFS (the "SSFS Shares").  As
additional  consideration  for  the  grant of the Option, SSFS agrees to, within
ninety  (90) days of the date of the LOI, loan to CardReady the sum of $500,000,
payable  in  traunches  as  agreed  between the parties, bearing no interest and
repayable  in  a  balloon  payment  at  the end of three (3) years from the date
hereof.

     The  LOI  contains certain unwinding provisions.  For a period of three (3)
years  from  the  closing  of  the acquisition, if the closing bid price of SSFS
common  stock as quoted on its primary exchange is less than $1.00 per share for
thirty  (30) consecutive trading days, or if SSFS common stock is not listed for
trading  on  any public exchange for a period of thirty (30) consecutive trading
days,  or  if the trading volume of SSFS common stock on its primary exchange is
less  than  250,000  shares  per  month  for three (3) consecutive full-calendar
months,  then  MBB shall have the right, but not the obligation, to purchase the
CardReady  Shares  back from SSFS for consideration equal to the SSFS Shares (as
adjusted for any stock splits or recapitalizations).  Additionally, for a period
of three (3) years from the closing of the acquisition, if CardReady fails for a
period  of thirty (30) consecutive business days to maintain a relationship with
a  back-end  processor  and  a bank, then SSFS shall have the right, but not the
obligation, to "put" the CardReady Shares back to MBB for consideration equal to
the  SSFS  Shares  (as  adjusted  for  any  stock  splits or recapitalizations).

                                        2
MBB  is  owned and controlled by Brandon Becker, who is a director of SSFS,
and  Martin Becker and Sid Rosenblatt, each of which is the spouse of a director
of  SSFS.

ITEM  6.          RESIGNATIONS  OF  DIRECTORS  AND  EXECUTIVE  OFFICERS

     Not  applicable.

ITEM  7.          FINANCIAL  STATEMENTS

     Not  applicable.

ITEM  8.          CHANGE  IN  FISCAL  YEAR

     Not  applicable.

EXHIBITS

     10.1         Letter of Intent dated November 29, 2001 by and between Single
                  Source Financial  Services  Corporation,  MBBRAMAR,  INC., and
                  CardReady International, Inc.

                                        3
SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

Dated:  December  10,  2001                    Single  Source Financial Services
                                               Corporation

                                   /s/ Arnold F. Sock
                                   __________________________
                                   By:     Arnold  F.  Sock
                                   Its:    President

                                        4