Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Electronic Clearing House Inc -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (427)	12/3/1998 11:29:00 AM
From: Greg Jung	Read Replies (1) \| Respond to of 1038

No it isn't HUGE. Its $175,000 revenue for hardware and software. Its already installed - read about it in the quarterly report from Aug '98. If ECHO were to handle the credit card transactions from the EMOD, that would be much more promising. But that would probably be handled more directly through a larger credit center. Greg

To: Trumptown who wrote (427)	12/3/1998 11:30:00 AM
From: Michael A Williamson	Respond to of 1038

All Great links John, Thanks! It is I think exactly what you are saying. If we are going to integrate this system into our IRT (Integrated Retail Terminal) then it stands to reason that we must be considering integrating our entire banking system to an online electronic system. In past years the Post Office allowed each branch to make its own deposits at local banks. In the past year they have been trying to cut down on paperwork and consolidate into fewer banks. With the advent of this kind of technology however it would make far more sense to use electronic banking to centralize all the branches. The savings to the USPS would be huge in that our deposits would be credited instantly and draw immediate interest wheras we may lose 1-2 days as we currently operate. It seems that a national rollout of this system would pay for itself in this case. All IMHO of course!