Ok,for a better transaction count now. The following numbers are from the quarterly results located on CYCH home page.
3rd qtr of 1997 @ 22,300 transactions per day = 669k per month and 1,676 merchants using the system.
4th qtr stated " merchants increased over 50% from the 3rd qtr, and transactions increased over 100%"
Now, with their current pricing structure, there is a customer fee of $10 per month @ 2,500 merchants = $25k per month
transactions .30 each @ 44,600 per day = 1,338,000 transactions per month that would = $401,400 per month.
The above alone is $426,400 per month, $5,116,800 per year.
Those are numbers as of the fourth qtr, definatley expect more merchants and transactions per day to be announced during the first qtr of 98. Have no idea as to how ICVerify will play into this. Last year the total amount of revenues were 4,487,000 so just with the customer fee and transaction fee they will be way over the FY97 revenue amount in FY98. They also have some money left to recognize from some of their banking deals last year. These are rough numbers that only touch two areas that contribute to the earnings.
Bottom Line: We have ourselves a REVENUE monster in the making!!
Shoe
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