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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)
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To: Dan Dieffenwierth who wrote (170)6/9/1998 11:33:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 1020
 
FiScrip designs, programs and tests the software that is reloaded into
ATM's and debit card point-of-sale machines. FiScrip is one of four companies
certified by Deluxe Payment Systems, an unaffiliated third party, to process EBT
transactions. EBT is a new process and method of distributing federal
entitlements, initially including food stamps, welfare and social security
payments to beneficiaries. In place of printing and issuing checks and other
financial instruments, some beneficiaries of government entitlement programs
receive a debit style card (a "QUEST Card") which operates in the same manner as
an ATM or debit card. The beneficiary of the entitlement program uses this
federally issued card to purchase items utilizing the EBT system. The federal
government may eventually establish individual accounts which will be debited
when a beneficiary makes a withdrawal or purchase. However, no assurance can be
given as to when the federal government will establish this process. It is
expected by FiScrip that there will be substantial competition in the provision
of the service offered by FiScrip. No assurance can be given that FiScrip will
be successful in competing for this business; thus, the Company may not receive
the processing business anticipated by management of the Company to be derived
from EBT transactions.

sec.gov

All of the above and more can be found in the company's 10KSB.

Judging from my internet search tonight it looks like things are coming together for CLCK and it's partner FISCRIP.

Time will tell.

I plan on benefiting from many of those transactions as a CLCK shareholder.

Regrds, Jeff
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