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Strategies & Market Trends : ZixIt Corporation (ZIXI)

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To: Rick Smith who wrote (98)10/18/1999 5:54:00 PM
From: Kevin Podsiadlik  Read Replies (3) of 4120
 
Arguably, the one thing holding most people and businesses from transacting business on the Internet is the lack of credible security regarding payment processing.

I believe that ZixIt will give them that credibility

That's one thing I've been wondering about. Credibility is, doubtless, a key issue here, with potentially billions of dollars of transactions going through the ZixCharge system.

What I want to know, Rick, is where exactly Zixit gets its credibility from. It's not as if Zixit has a long, established track record in the field; twelve months ago, their field was recording tracks.

To put it another way, what is going to lead paranoid consumers to trust their vital financial data to a company that a) they've never heard of before, b) consists of fifteen employees, c) is run out of a single office fifteen floors above a shopping mall, and d) is on its third business plan in 21 months?
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