Check this out.paragraph two.(from yahoo thread)
CustomTracks Rises on Internet Payment-System Outlook
Dallas, May 24 (Bloomberg) -- Shares of CustomTracks Corp., which is developing an Internet payment
system, rose 25 percent on prospects that its technology will enable consumers to buy items online without
needing a credit card.
CustomTracks rose 15 1/16 to 76 after reaching a record 90. Ashton Technology Group Inc., which also
makes online transaction systems, rose 2 1/8 to 16 5/8 after touching a record 18.
Dallas-based CustomTracks will unveil a secure Internet payment system in June that won't require an online
shopper to submit a credit-card number, said David Weinstein, analyst at Joseph Charles & Associates Inc.
CustomTracks, which changed its name from Amtech Corp. last September, began investing in the system in
February.
(This) could be a solution for one of the problems plaguing the Internet, which is fear of putting private
information, or credit-card information, over the Internet,'' said Weinstein, who predicts the stock will reach
$230 in a year.
Toll Collector
CustomTracks, which also is exploring selling customized compact discs over the Internet, may be using
technology similar to that of the electronic toll-collection systems used on some highways. Rather than paying
a toll-taker, drivers are billed for tolls using a sensor placed in the car that registers the payment when the car
passes through the toll booth.
The CustomTracks Internet-billing system would be similar to the electronic tolls as Web users could make
purchases from vendors using the system and receive a bill for their purchases at the end of the month,
Weinstein said.
David Cook is developing a payment system for Internet music after developing the SunPass electronic-toll
system, to be used on Florida highways beginning next year, for Amtech Corp. Cook founded Amtech and
also worked on a tracking system for Blockbuster Video.
''David Cook is an expert of tracking systems,'' said Weinstein, who has a ''buy'' rating on the shares. He
expects CustomTracks to file patents for the technology in the next couple of weeks.
May/24/1999 16:56
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