3


                       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):          FEBRUARY 4, 2002



                  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

     Single  Source  Financial  Services  Corporation  has  formed  two  new
subsidiaries.

     SSFS  Merchant Services, Inc., a California corporation, was formed for the
purpose  of  coordinating  referrals of large groups and merchants with multiple
sites  like  large  retailers,  to  CardReady International, Inc.  Single Source
Financial Services Corporation has an option to acquire CardReady International,
Inc.

     CardReady  of  New  York,  Inc., a New York corporation, will operate as an
Independent  Sales  Organization based in New York, to sign merchants throughout
the  U.S.  to  CardReady's  processing  services.

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

     None.



                                   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:  February  4,  2002                    Single  Source  Financial Services
                                              Corporation


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