To: mst2000 who wrote (1320 ) 5/25/1999 9:38:00 AM From: U Up U Down Respond to of 4443
Check this out.paragraph two.(from yahoo thread) CustomTracks Rises on Internet Payment-System Outlook Dallas, May 24 (Bloomberg) -- Shares of CustomTracks Corp., which is developing an Internet payment system, rose 25 percent on prospects that its technology will enable consumers to buy items online without needing a credit card. CustomTracks rose 15 1/16 to 76 after reaching a record 90. Ashton Technology Group Inc., which also makes online transaction systems, rose 2 1/8 to 16 5/8 after touching a record 18. Dallas-based CustomTracks will unveil a secure Internet payment system in June that won't require an online shopper to submit a credit-card number, said David Weinstein, analyst at Joseph Charles & Associates Inc. CustomTracks, which changed its name from Amtech Corp. last September, began investing in the system in February. (This) could be a solution for one of the problems plaguing the Internet, which is fear of putting private information, or credit-card information, over the Internet,'' said Weinstein, who predicts the stock will reach $230 in a year. Toll Collector CustomTracks, which also is exploring selling customized compact discs over the Internet, may be using technology similar to that of the electronic toll-collection systems used on some highways. Rather than paying a toll-taker, drivers are billed for tolls using a sensor placed in the car that registers the payment when the car passes through the toll booth. The CustomTracks Internet-billing system would be similar to the electronic tolls as Web users could make purchases from vendors using the system and receive a bill for their purchases at the end of the month, Weinstein said. David Cook is developing a payment system for Internet music after developing the SunPass electronic-toll system, to be used on Florida highways beginning next year, for Amtech Corp. Cook founded Amtech and also worked on a tracking system for Blockbuster Video. ''David Cook is an expert of tracking systems,'' said Weinstein, who has a ''buy'' rating on the shares. He expects CustomTracks to file patents for the technology in the next couple of weeks. May/24/1999 16:56