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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: Stephen Goldfarb who wrote (72)5/8/1998 8:16:00 PM
From: Popiye  Read Replies (1) of 2909
 
Reading from the business plan:

The business model of the Pocket Pay is focused on two market places:

The first market is the business to business market.

Requirements:

1. The recipent is a PERFECT merchant and has been sponsored by a bank to receive an ATM or smart card transaction.

2. The Sender knows the receipts PERFECT merchant's designation.

Transaction example:

United States citizen in Chicago deposits good faith dollars.

Through the Pocket Pay, Julie Pierson, while attending a buyers convention, electronically transers $2,500 in cash from her bank account to the receipients business account. The ET & T host processor will send her confirmation of the completed transaction within 7 seconds.

This is done so that Julie Pierson can immediately close the buy with good faith cash on the table and the recipient has no questions that he has paid for his merchandise.

As a PERFECT merchant, the seller, Wilson's Puffy Animals, notes the response of his computer printing out an acknowledegement of the purchase and also responding back to the ET & T host which then sends the completed data packet of completed bank transaction and merchant acknowledgement back to Julie Pierson's Pocket Pay.

Pierson can then elect to send her electronic receipt to her office fax for a printed receipt record.

Methodology: Pierson inputs Wilson's Puffy Animals PERECT merchant ID, the amount of $ 2,500 plus $ 5, presses ATM button, imputs her ATM card PIN which is not in the Pocket Pay memory and then Presses the Send button.

Transaction Fee: Contact Anita at 1-800-267-2331 if you want a Business Plan with the numbers. As an investor, I do not feel the desire until they have completed testing to talk about their numbers.

There are a total of three examples for Transactions: commerical, wagering and overseas combination of the two.

Hope this helps. Best wishes:)
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