ECNC (OTC:BB) - eConnect Message Board

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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect

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To: JayPC who wrote (3328)	11/3/1999 12:47:00 PM
From: JayPC	Read Replies (1) of 18222

What type of profit sharing or licencing agreement would be expected with the banks from which the money comes? What banks have they been in contact with? Have they been in discussion with PLUS or Ineterac to use their network and expertise to transfer the money? How does the Same-as-Cash(TM) money flow from the consumer to the retailer? Where does the revenue stream come from? A fee per transaction.. but collected from whom? the bank or the customer, or both? How could they not know that most banks have or are developing Visa and Master Card Checking cards that take money directly out of checking accounts, involve no interest fees and can be used over the internet? Here's your competition Manny. The consumer can love this all day long, but its the banks who hold the power. Unless an iPIN user is supposed to open an account with a new bank, or even better.... send its money it Econnect, i don't see how this business model can be successful. Jay

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