ECNC (OTC:BB) - eConnect Message Board

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

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To: M Vavolizza who wrote (3338)	11/3/1999 7:22:00 PM
From: JayPC	Read Replies (2) of 18222

Manny thanks for the answers. The best post I've read on this thread. Why you don't post this information on your website? It looks purposefully vague, which was what first unsettled me. So, if i understand you this is a web based product that uses a peripheral computer attachment at the users home. The user enters their pin via the net. The merchant receives the pin and obtains authorization over the existing Interlink or Maestro network? How does Ecconect monitor each transaction to collect its fee? These two statements cannon both be accurate 1.Same-as-Cash follows the same pathway that the ATM card and PIN purchase of $50 worth of flowers at a flower shop follows 2.Our proprietary server is located at a processing center Switch which gates POS transactions into the Regional ATM card networks.? Is it correct to assume that this is how you monitor how many transactions have taken place so you can collect your $1 fee? Speaking as a web merchant (theartauction.com) we will definitely incentivize the consumer to purchase art work using Cash, thank you very much. Our fee: $1 This is a strong reason for merchants to sign up on your program, but as a consumer doing an internet transaction why would i want to use a transaction that i cannot stop? Seems to me this point you have made is a fabulous reason to use my Visa Check card. Look forward to your reply Jay

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