Suncliff Inc (SCLF)

[Adam16]

2 HUGE FINDS tonight about midax inc..

Found an article dated may 17th with Midax inc ceo jim nevill talking about going into MJ in Colorado with digital wallet. It's all coming together....


Due to myriad complicated state and federal marijuana laws, most pot retailers are forced to handle all transactions with cash. After marijuana was legalized in Colorado, Jim Nevill, president of Cape Charles, Va.-based loyalty provider Midax, concluded that marijuana consumers were more likely to fall victim to mugging and theft if they were forced to walk through crime-prone areas with hundreds of dollars in their pockets. Nevill decided he was well-positioned to do something about the situation.

To combat the problem, Midax allows consumers to link their bank accounts to a Denver-based bank. Those customers are then issued an automated clearing house (ACH) card with access to the Denver bank account. Customers transfer money from their personal bank accounts to the Denver-based bank where their ACH cards can access the funds, ensuring that no money in the transaction comes from out of state.

“You need to know how ACH works, and it has to work within the state, or else it fails,” Nevill says. But for those who can pull it off, “it’s a legal win-win-win.” Consumers aren’t likely to stop using plastic anytime soon, as evidenced by Nevill’s strategy to arm buyers of legal marijuana with cards. But Jackson of Mercator believes the future of prepaid cards is digital, and c-stores will continue to serve as a link to the digital world for cash users
http://www.cspdailynews.com/print/csp-magazine/article/mobile-prepaid-s-second-act-c-stores



***Also found a link saying midax inc revs are 5 to 10 million****

http://www.topcreditcardprocessorsratings.com/profile/midax/

Heres another

http://www.programmingleads.com/company/midax-inc-7576219964