EyeCashNetworks Inc. (fka ECNI)

[lucky, mydog]

my goodness, does that bring back memories. iif anyone wants to see how ihub was in the old days it's a short, entertaining board to read.

[Renee]

ECNI FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[lucky, mydog]

this is a little weird. isn't this the same company?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108396131

[Renee]

ECNI SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-71465.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf

[Jeff20134]

450%

[Jeff20134]

Wow ,that's a very big spread 45 ask vs 10 bid !!! Damn

[dia duit]

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20845 / January 7, 2009
United States of America v. Stephen C. Sayre, Case No. 05-CR-198-VBF (C.D. Cal.)
Securities and Exchange Commission v. Stephen C. Sayre, et al., Case No. CV-00-3800-MMM (JWJx) (C.D. Cal.)

The Securities and Exchange Commission announced that on November 19, 2008, the federal court in the Central District of California sentenced Stephen C. Sayre ("Sayre"), age 52, of Hollywood, California on a criminal securities fraud charge relating to his "pump and dump" stock manipulation. The sentence ordered Sayre to serve 57 months in prison to be followed by three years of supervised release. The sentence reflects a sentencing enhancement because the Court found that Sayre obstructed justice by lying under oath to the Commission during its investigation.

Sayre was criminally indicted on February 25, 2005, by a federal grand jury convened by the United States Attorney's Office for the Central District of California. The indictment alleged that, in March 2000, Sayre made materially false and misleading statements in "buy" recommendations issued through his company, Independent Financial Reports, Inc. ("IFR"), about eConnect, whose stock at the time was quoted on the Over-The Counter Bulletin Board. The indictment also alleged that Sayre purchased eConnect shares before issuing the buy recommendations and sold them at dramatically higher prices once the recommendations drove up eConnect's stock price. The indictment also alleged, however, that Sayre falsely stated that IFR held no eConnect stock and would not receive any benefit for the buy recommendations. According to court documents filed by the United States Attorney's Office, Sayre was arrested in Canada on February 3, 2006, after having fled from the United States in 2000, and extradited to Los Angeles on July 11, 2007. On July 25, 2008, Sayre was found guilty of securities fraud following a twelve-day jury trial.

The Commission previously filed a civil injunctive action against Sayre and IFR on April 7, 2000, in the United States District Court for the Central District of California, alleging the same fraudulent scheme charged in the criminal action. On May 31, 2001, the Commission obtained a default judgment against Sayre and IFR finding them liable for securities fraud, ordering them and relief defendant Silver Screen Industries, Inc. to pay approximately $1.1 million in disgorgement and prejudgment interest, and assessing a $110,000 civil penalty against Sayre.

For additional information, see Lit. Rel. No. 16509 (April 10, 2000), Lit. Rel. No. 16525 (April 21, 2000), and Lit. Rel. No. 17038 (June 19, 2001).



http://www.sec.gov/litigation/litreleases/2009/lr20845.htm

[dia duit]

Court order provides $15.2 million US for victims of investment schemes

VANCOUVER, Dec. 8 /CNW/ - Victims of two cross-border investment schemes will get a portion of nearly $22.6 million US that the British Columbia Securities Commission froze in Vancouver bank and brokerage accounts.

After a review of claims by a court-appointed receiver and a settlement among the valid claimants, a B.C. Supreme Court judge ordered that most of the money - approximately $15.2 million US - go to the U.S. Securities and Exchange Commission (SEC) for distribution back to victims of illegal investment schemes connected to Edward Durante and Stephen Sayre.

The remaining funds went to other parties in partial settlement of their valid claims, except for approximately $1 million US that will be paid into the court pending a further order.

"The money that flows through international investment frauds often disappears," said Brenda Leong, BCSC executive director. "In this case, collaboration between the BCSC and SEC will result in millions of dollars being returned to investors."
In 2000, the BCSC froze the Vancouver bank account of Exchange Bank and Trust Inc. (EBT), a private investment bank based in Nevis, West Indies, and related accounts at several Vancouver brokerage firms. The BCSC alleged Durante and Sayre had violated U.S. and Canadian securities laws and deposited
ill-gotten gains into the accounts.

The BCSC and SEC traced proceeds of manipulative trading by Durante and Sayre to the Vancouver accounts. The BCSC used this information to obtain the appointment of a receiver. The BCSC worked with the SEC during the court process to ensure money would flow back to investors.

In 2004, a BCSC commission panel issued permanent market bans and an administrative penalty against Durante. Sayre and Durante are both serving U.S. prison sentences.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province.

If you have questions, contact Ken Gracey, Media Relations, 604-899-6577.

Learn how to avoid investment fraud at the BCSC's investor education website: www.investright.org.

http://www.newswire.ca/en/releases/archive/December2008/08/c7951.html

[lucky, mydog]

my paypad is broken. is there a warranty?

[jarta]

Sayre! Found elsewhere. Posted by PSeeker:

"Los Angeles penny stock promoter Stephen Sayre, wanted in the United States for allegedly defrauding investors of more than $1 million US, was arrested by members of Vancouver's RCMP Integrated Market Enforcement Team on Friday.

David Baines, Vancouver Sun
Published: Tuesday, February 07, 2006

Los Angeles penny stock promoter Stephen Sayre, wanted in the United States for allegedly defrauding investors of more than $1 million US, was arrested by members of Vancouver's RCMP Integrated Market Enforcement Team on Friday.

Sayre, 49, was arrested without incident at a private residence in east Vancouver and taken into custody. He made his first appearance in B.C. Supreme Court on Monday morning.

Judge Allan Stewart adjourned the matter until Wednesday to give Sayre time to obtain counsel and consider whether to make an application for release on bail pending the outcome of an extradition hearing. ... eom

[jarta]

"12-20-04 10:00 PM EST
(Updates with additional testimony in seventh and eighth paragraphs.)

By Carol S. Remond

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--The Securities and Exchange Commission was investigating short-seller Anthony Elgindy in the summer of 2001, SEC Lawyer Robert Long testified in court Monday.

Elgindy and former Federal Bureau of Investigations Special Agent Jeffrey Royer are standing trial in U.S. District Court for the Eastern District of New York. They, and three others to be tried separately, are charged with securities fraud, market manipulation and extortion. The government alleges that Elgindy used a private investing Web site to share and trade on confidential information he obtained from Royer.

Elgindy and Royer were charged in May 2002, following an FBI investigation that began as a probe into trading activities following the Sept. 11, 2001 terrorist attacks on the U.S. It is unclear whether the previously unknown SEC investigation into Elgindy related to any of the charges he currently faces in Brooklyn.

SEC lawyer Long was called to testify by Elgindy's defense Monday. Defense lawyers are attempting to demonstrate to jurors that Elgindy and others had numerous contacts with SEC and other law enforcement personnel and that they have may gleaned confidential information from these contacts.

Long testified that in early 2001, he was contacted by Royer, who told him he had a source, who later turned out to be Elgindy, with good information about a company called Genesis Intermedia, which traded under the ticker symbol GENI. Long said he talked to Elgindy, who shared information about the company and some of its insiders with him.

Under cross-examination by Assistant U.S. Attorney Kenneth Breen, Long said he learned of an SEC investigation into Elgindy in the summer of 2001 while talking to another SEC lawyer. Long said the SEC lawyer told him Elgindy was of " questionable character" and as a result, he searched Elgindy's name in the SEC database. Elgindy's lawyer, Barry Berke, objected to Long's statement, and federal Judge Raymond Dearie ordered the clerk of the court to strike Long's comment from the record.

Also testifying for the defense Monday was SEC lawyer Roberto Tercero who told jurors that Elgindy contacted him with information about two companies. In one audio tape played for jurors, Elgindy and another short-seller named Steve Pluvia can be heard telling the SEC about a company called EConnect. Asked by Elgindy's lawyer Berke whether Elgindy contributed to a later SEC inquiry into the company, Tercero said that the information passed along by the short-seller was a starting point to consider whether or not to take a closer look at the company. Tercero stressed the SEC conducted its own investigation and only after that began an investigation into the company.

FBI special agent Michael Gaeta also testified for the defense Monday. Gaeta, an agent assigned to look into organized crimes, said he was contacted by Elgindy in 1996 with information about a company called Quigley. Gaeta said he signed up Elgindy as a confidential informant but that he released him just five days later because Elgindy wasn't a reliable informant. Earlier Monday, prosecutors and defense lawyers argued over whether to admit in evidence the fact that another FBI agent had told Gaeta that Elgindy was a liar.

Meanwhile, Elgindy's defense team appears to have given up its efforts to subpoena Bloomberg reporter David Evans. Elgindy had tried to compel Evans to testify about a call the reporter made to the short-seller shortly before his arrest on May 21, 2002. Apparently, Evans had learned that Royer had been arrested and called to ask Elgindy whether the FBI was at his office.

Lawyers for Bloomberg and Evans last week argued in front of Judge Dearie that the reporter should not be forced to testify. Elgindy's lawyers appeared to think that statements made during the conversation between Elgindy and Evans could help explain why Elgindy told an FBI agent, shortly after his arrest, that he didn't give money to Middle Eastern charities. Early testimony in the case shows that the FBI was investigating Elgindy's contribution to Mercy International. According to news reports, the now defunct Mercy International was used to funnel money to terror organization Al-Qaida in the past.

- By Carol Remond, Dow Jones Newswires; 201-938-2074; carol.remond@ dowjones.com


Dow Jones Newswires
12-20-04 2200ET
Copyright (C) 2004 Dow Jones & Company, Inc. All Rights Reserved.

http://news.morningstar.com/news/DJ/M12/D20/200412202200DOWJONESDJONLINE000830.html"

... eom

[XV19]

hey stranger!

Maybe Urban will be joining Tom Hughes in the Stipped Suit soon :)

[goldrusher]

Good morning, Midas---YGM. I am currently in Germany and
can't access Raging Bull. I gather my old buddy, Smurfsht is
getting himself into legal troubles. It is about time as I
have claimed for years that he was up to "no good". I
suspect he was either a paid tout or was shorting this and
PCBM and CMKX all along and had several cohorts involved.
I have never had proof, but hope that open exposure of
whatever is now occuring. Couldn't happen to a nicer guy!!
LOL

cheers

PS Guinness is good for you.

[midas98]

"IN THE MATTER OF ALCOHOL SENSORS INT’L, LTD.

An administrative law judge has issued an Initial Decision in the matter
of Alcohol Sensors Int’l, LTD. The Initial Decision grants the Division
of Enforcement’s motion for summary disposition and revokes the
registration of securities of Eye Cash Networks, Inc., Parallel
Technologies, Inc., Quadratech, Inc., and Viking Resources
International, Inc. pursuant to Section 12(j) of the Securities Exchange
Act of 1934 (Exchange Act). The Initial Decision found that each
company had securities registered with the Commission pursuant to
Section 12 of the Exchange Act, but had failed for several years to file
periodic reports required by Section 13 of the statute and the
Commission’s rules. The Commission had previously obtained from a U.S.
District Court permanent injunctions enjoining each company from
violating Section 13, and the Initial Decision found that the companies
were in violation of those injunctions. (Initial Decision No. 257;
File No. 3-11513)"

nurse, call the time of death at 12:47 pm

[lucky, mydog]

HOLLEN, good enough for you now? lol

bye guys.

[XV19]

LOL.

[midas98]

It appears to be almost over now.

For important information concerning this stock,
please see the following documents available on the Securities and Exchange Commission's website.
http://www.sec.gov/litigation/suspensions/34-49822.htm
http://www.sec.gov/litigation/admin/34-49823.htm

[lucky, mydog]

nice move for harry friday. new board.

http://www.ragingbull.lycos.com/mboard/boards.cgi?board=IPYS&newpost=1

[XV19]

yup..that's it...a simple Google search brought up all the old memories ;)

http://www.google.com/search?q=harry+hargens&hl=en&lr=&ie=UTF-8&start=10&sa=N


ahh...those were the days :)

Nice to see that Hargens made a real go of it. There were an awful lot of us back then who believed that the cashpad/PIN thing was a viable and marketable product.

[midas98]

SAFE T PAY If I remember correctly.

[XV19]

does anyone here remember what Harry Hargens connection to ECNC was???

[XV19]

IPYS.46.Lion news out.InstaPay Technology Licensee Initiates Production Use of New PIN Pad
Monday April 12, 8:00 am ET
Easy to Use Plug-n-Play Technology Enables Secure Internet Transactions From Any Location

ATLANTA, April 12, 2004 (PRIMEZONE) -- InstaPay Systems, Inc. (OTC BB:IPYS.OB - News) announced today that a customer of its Kryptosima subsidiary has begun using Kryptosima's technology in a production environment. Kryptosima has developed a patented system for delivering encrypted transactions over the Internet. This is the first and, to the Company's knowledge, only production system to enable Internet merchants to accept ATM card (``PIN debit'') payments.
In October 2003, Gartner Research reported that 45% of all U.S. adults will be using E-Billing and payment Applications by 2005. According to the Census Bureau of the US Department of Commerce, total e-commerce sales for 2003 were estimated at $54.9 billion, an increase of 26.3 percent (plus or minus 3.9%) from 2002.

InstaPay will generate revenues by charging merchants a fixed fee per transaction for PIN debit transactions, unlike credit card processing companies who charge a percent of the transaction. Merchants may choose to lower overall transaction costs by offering PIN debit payment solutions to consumers. In February of this year, Wal-Mart (NYSE:WMT - News) began refusing MasterCard's signature debit card and instead will require those customers to enter their PIN number. According to Speer & Associates Inc., a leading payment consulting firm based in Atlanta, this may be evidence that, ``the merchant community is exercising its right to move to a cheaper processing alternative.''

``This is an important milestone for InstaPay/Kryptosima,'' stated Harry Hargens, President and CEO of InstaPay and Kryptosima. ``Early this month, one of our license customers began using our technology to secure private label payment transactions performed over the Internet by their customers.'' He added, ``The initial transaction volume in any new program is very modest, so the revenue we generate from this client in the next few months will be negligible. None-the-less, this event validates three important points for our business model. First, it demonstrates that companies will choose to use our technology and pay per-transaction license fees as we have proposed to all potential technology/patent license customers. Second, it validates that the new PIN pad we announced in March operates well in a production environment. And third, it shows that consumers will use hardware attached to their PC to facilitate secure transactions.''

Hargens continued, ``Initially, our primary focus in North America is on providing services directly to merchants, not establishing 'partners' through license agreements. However, one way to start generating revenue from markets outside North America as soon as possible may be to work with companies that license our patent and our software, so they can establish companies offering services to Internet merchants in their local market.''

This is also a fresh validation of the applicability of the Company's technology in the eCommerce market. According to US commerce department statistics and other industry estimates, eCommerce reached almost $100 Billion in 2003 and continues to grow at double-digit rates. That figure covers only the USA. The worldwide figure is larger and also growing.

(See http://www.census.gov/mrts/www/current.html for current eCommerce statistics)

Hargens further commented, ``Because of our patent, and the software package that we have developed to implement the concepts embodied in that patent, we believe that we are uniquely positioned to pursue a significant market share in the business of processing payments for this large and rapidly growing eCommerce market.'' (European patent EP1218865 can be viewed online at http://v3.espacenet.com/origdoc?DB=EPODOC&IDX=EP1218865&QPN=EP1218865)

Hargens concluded, ``The Company is staying in very close contact with this customer during their initial roll-out of the technology, providing them with comprehensive tech-support to help guarantee a successful launch. We are seeing details of their operation, the global scale of some of the transactions, the ubiquity of the Internet, and the potential of our technology that is being demonstrated, which is nothing short of overwhelming. In some cases we are seeing a bank on one continent do secure transactions with a bank customer on a second continent, using a service provided by servers running our software on a third continent, supported by a customer service staff on a fourth continent. And, that customer service staff is accessing data on servers running our software using remote data-access tools we provided. And ALL of this is being accomplished via our system and standard Internet connectivity.''

About InstaPay Systems Inc.

InstaPay's focus is on the implementation of new payment services, such as ATM card payments from home or office. The patented, easy to use Kryptosima system works with any desktop or laptop computer, enabling consumers to conduct secure transactions from any location without fear of identity theft. For additional information, visit http://www.instapaysystems.com and http://www.kryptosima.com

Forward-Looking Statements:

Statements about the company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

Contact:
InstaPay/Kryptosima
Harry Hargens, President & CEO
[phone]
Email: [e-mail]

Investor Relations
Todd Gilligan
[phone]
Email: [e-mail]

[XV19]

nice to see that Karma works.

[lucky, mydog]

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 18620 /March 11, 2004
UNITED STATES v. THOMAS S. HUGHES, Case No. CR-02-M-1648 (C.D. Cal.)
FORMER eCONNECT CEO SENTENCED TO OVER 8 YEARS IN PRISON FOR SECURITIES FRAUD AND CRIMINAL CONTEMPT
The Securities and Exchange Commission ("Commission") announced today that on March 1, 2004, the Honorable Nora M. Manella, United States District Judge for the Central District of California, sentenced Thomas S. Hughes, 56, of Rancho Palos Verdes, California, to 97 months in federal prison. Hughes pleaded guilty on August 11, 2003, to three counts of securities fraud and one count of criminal contempt.

Hughes was charged by the United States Attorney's Office for the Central District of California with orchestrating a fraudulent securities scheme. Specifically, Hughes was accused of issuing false and misleading public statements in July 2002 - press releases and website content - that artificially inflated the price of eConnect, whose stock was then publicly quoted on the Over-The-Counter Bulletin Board. The press releases and website content falsely claimed that eConnect had received a $20 million investment in "AA" asset-backed bonds, that eConnect had begun a stock repurchase program of its shares, and that eConnect had received a $964,000 purchase order for its principal product, suggesting that a legitimate company had a relationship to the company that actually placed the order. In reality, the indictment alleged: (1) the bonds were not "AA" rated or registered so that they could be traded publicly; (2) there was no stock repurchase program; and (3) there was no relationship between the company that placed the $964,000 purchase order and the legitimate company identified in the press release. Hughes was also charged with criminal contempt of a permanent injunction against him obtained by the Commission in April 2000 in the case SEC v. eConnect and Thomas S. Hughes, Civil Action Number CV-00-2959 MMM (RCx)(C.D. Cal.)(Lit. Rel. No. 16481).

In a related proceeding, the Commission obtained emergency relief against Hughes and others, including an asset freeze, in Los Angeles federal court on August 8, 2002, alleging that Hughes and others violated the federal securities laws based upon the scheme described above. On September 4, 2003, Judge Manella entered judgment against Hughes pursuant to his consent. The court ordered Hughes to pay a civil penalty in the amount of $120,000, and permanently enjoined him from future violations of the insider transactions reporting provisions of the federal securities laws, Section 16(a) of the Securities Exchange Act of 1934 and Rule 16a-3 thereunder. The Court also prohibited Hughes from acting as an officer or director of a publicly-traded company. The Commission's complaint charged Hughes with violations of Sections 10(b) and 16(a) of the Exchange Act and Rules 10b-5 and 16a-3 thereunder.

This case is the product of an investigation by the Securities and Exchange Commission, the United States Attorney's Office in Los Angeles, and the Federal Bureau of Investigation, which received assistance from NASD Regulation, Inc.

For further information, please see Litigation Release Nos. 17670, 17694, 17709, and 18326.



http://www.sec.gov/litigation/litreleases/lr18620.htm



--------------------------------------------------------------------------------

[jmhollen]

Hi Dave.

That rather supports my point, while apparently ringing the death knell for ECNI.

John

[XV19]

PYDS .41 x .42 now #msg-2357999, Payment Data Systems Files Patent on Industry's First Debit Card Bill Payment Technology

- Forms Strategic Partnership to Reach 40 Million Unbanked Customers -


SAN ANTONIO, Mar 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- Payment Data Systems, Inc. (OTC Bulletin Board: PYDS) an integrated electronic payments solutions provider, announced today that it has filed for patent protection from the U.S. Patent Office for the technology that will enable bill payment using a debit card. In expectation of this patent, Payment Data Systems has entered into a strategic relationship with Secure Cash Network, Inc. to provide the electronic payment industry's first bill payment debit card.

The debit card technology for which Payment Data Systems has filed for patent protection, allows a cardholder to use their stored-value Secure Cash Network debit or ATM card to pay local, national or international bills with the card from their electronic balance. Because it does not require linkage to a traditional checking or savings account, this new debit technology is unique in that it allows for use by 'unbanked' consumers.

Payment Data Systems, in anticipation of owning patent rights to this industry-first bill payment processing technology, has agreed to provide Secure Cash Network with a perpetual license for use of the technology as part of an initial roll-out strategy. However, the Payment Data Systems debit card bill payment technology can also be licensed by any provider of debit or stored-value cards and networks, including: MasterCard, Visa, and American Express among others.

President and COO of Payment Data Systems, Inc. Louis Hoch, said, "While trends clearly project extensive growth in demand for products and services available to unbanked consumers -- who now represent a worldwide market potential of $1.1 trillion -- traditional payment processing products and services have been expensive and are not easily accessible. Payment Data Systems expects to become a market leader in the payment services sector by establishing first entry into this underserved segment of the marketplace with our superior payment processing solutions."

Payment Data Systems' new payment processing solution partnered with Secure Cash Network, marries the stored value debit card and its extensive debit network with the electronic payment and settlement connections of Payment Data Systems, Inc. to traditional billers. In the event a biller cannot accept electronic payments, Payment Data Systems allows for bill payment by unbanked consumers using its own check-writing capabilities.

The unique new bill payment functionality, which works equally well for all banked customers, will be added to Secure Cash Network's card products currently marketed under the brand name, "Secure Cash Payday" for employer payroll applications and "Pronto Banco" for retail applications. The new features added by the Payment Data Systems patent introduce capabilities for unbanked consumers using Secure Cash Network debit or ATM cards to pay bills, shop at millions of retail locations, access cash though ATMs and access and transfer funds internationally. Additional products will be developed to further meet the needs of employers, banked and unbanked consumers.

Initial target markets for the Secure Cash Network card, utilizing Payment Data Systems patented payment solutions technology include 3,000 retail/service outlets located in Texas and west into Southern California with broader and rapid expansion plans to follow.

Greg Bloh, President and CEO of Secure Cash Network said, "We are thrilled to be engaged with Payment Data Systems, Inc., a proven leader in the electronic payment industry. Adding the bill payment functionality to our existing brands supports our mission and brand development strategy to become the premier financial services solutions provider to the unbanked consumer market."

"The Convenience Store industry has become the trade channel of choice for unbanked consumers. Adding bill payment to our suite of card-based services will add additional value to consumers while creating a new profit opportunity for our retail partners," states Tony Muscarello, Executive Vice President of Secure Cash Network and former Chairman of the National Association of Convenience Stores Supplier Board.

About Payment Data Systems, Inc.

Payment Data Systems, Inc., is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR).

Payment Data Systems' electronic payment processing solutions can be implemented more quickly and less expensively than alternative solutions because PDS allows for a full range of payment processing capabilities using a single, comprehensive storage retrieval system that allows for consolidated tracking and reporting of all payment types, regardless of source or channel. These service offerings include: one time and recurring ACH debits and credits, ACH lockbox and RCK services, Web pay acceptance of credit cards and checks, telephone pay to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location.

For additional information, visit www.paymentdata.com . Investor information can be found at: www.otcfn.com/pyds .

About Secure Cash Network, Inc.

Secure Cash Network, Inc. is a Consumer Products and Financial Services company specializing in Stored-Value Debit/ATM products for unbanked consumers. Secure Cash Network, Inc. offers several pre-paid card products including Secure Cash Payday and Pronto Banco. These products are sold through retail channels or issued through employers as payroll cards. For additional information visit www.securecashnetwork.com .

Contact: Geoffrey Eiten, Investor Relations, OTC Financial Network, [phone] ext. 613.

With the exception of historical information contained in this release, this release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

SOURCE Payment Data Systems, Inc.

Geoffrey Eiten, Investor Relations of OTC Financial Network,
[phone], ext. 613, for Payment Data Systems, Inc.

http://www.paymentdata.com

[jmhollen]

You're such a generous old soul.

Ha ha ha ha..........

John

[jmhollen]

Hi Dave,

For the most part you're probably correct, the major opportunity was blown back in 2000.

If ENCI could managed to work a deal with someone like PG&E or whoever the major electrical sevice utilities are on the west coast these days, and in other major metro centers like Ney York City, Dallas, Chicago, etc., there might still be a shot at serving those (..primarily minorities, or kids under the financial control of their parents..) who don't have bank accounts. That was one of the original premises of the BizPlan as I recall; that people could purchase pre-paid debit cards or use credit cards to make payments or purchases.

It's been too bloody long, but I rather thought you could use the CashPad for making stand-alone transactions by plugging it into the phone line and entering the appropriate codes (..without a PC..). I could be completely off base on that, however. I no longer remember the details - nor do I care.

I sure wouldn't buy $50 worth of this whizbang, until they had a working deal with some major utitly company, or perhaps WalMart or Sears. (..Not too likely..).

Later,

John

[jmhollen]

Consider this response an exception, since you obviously wish to continue being an insulting rectal orifice regarding your referrals to me.

Adequate funding and financial relationship expertise and muscle was to be provided by both the clients I referred to. Since both of the entities report their annual revenue in the Billions, they're way the hell out of your league. I have no doubt that the rudimentary functionality could have been made operational, and what ever approvals were required could have been obtained. That is why eConnect's eventual demise was such a pathetic end to what could have been a leading edge advancement and success. CheckFree has made a killing picking up the slack.

As your bitterness over what must have been your personal losses continues to drive your presence on dead boards - take solace in the fact that all the failures were directly attributable to the subterfuge present at CA HQ. And, if you or anyone else thinks the CEO wasn't being ill-advised and both mentally and emotionally manipulated on a continuous basis by those around him - you are one hell of a lot dumber than I ever surmised.

You, as usual, don't know who or what you're speaking of. But, you remain satisfied to sputter prehistoric whines and complaints about situations you're not privy to. IMHO, you'd make a great reporter for the Star or National Inquirer. They, like you, require only half a story to go to press. So, shuffle you worn ont, dog eared and useless papers, and be satisfied to grouse over your spilt milk.

"EOM", as you armchair pseudoGuru's so often like to say.

John

[lucky, mydog]

none. i sold the last shares i had at $12.00. teehee

[lucky, mydog]

hollen, it NEVER worked as described. remember "bank eyes only"? that meant that only the bank saw your info. since ecncti never had approval to conduct transactions over the internet, the way hughes rigged it was by receiving your info on the ecnc server, and then taking that info and doing a phone transaction. if you did a transaction, hughes had your info.

btw, i've never been knocked on my ass, but you are more than welcome to try.

[jmhollen]

You have such an insulting way of framing most everything you sputter, that I wonder how often it is that someone knocks you flat on your snide-mouthed arse. That presumes, of course, that you have the balls to (a) leave the house, and (b) run your flapping hole the same way face-to-face that you do when hiding behind your CRT and bogus alias.

Chris Jensen may be competent, incompetent, a skilled corporate development person, or a complete dud. I don't know and I don't care. I don't own any ENCI and don't plant to. I started this Board to give the effort a clean place to start, since the sputterings and complaints on other boards belong to the bygone era where they are located.

If you and 'scion' can offer some written, independently confirmed proof that the technology won't work, or that ENCI efforts are not legitimate - do so. OBTW: Dried, yellowed and dog-eared filings and media spattered court filings don't count.....

I'd like to see either of you go there and operate their cash pad equipment. Or, buy your own and take it to an recognized electronics/software lab and get some data - in writing - that says the equipment is currently "..nonfunctional.." and that the transaction model won't work. So far all I've seen from you two is repetition of other people's opinions and after-the-fact finger-wagging based on non-technical peoples' problems with the SEC.

The model of the transaction technology worked exactly as it was described, when I saw it demonstrated. Models and/or simulations can obviously be "..kludged up.." to appear that they perform, but no one has ever shown that to have been the case - that I'm aware of. And, the inherent liability of pulling that kind of stunt, considering the nature of the financial community, would be a "..one trick pony.." sufficient to trash any company the moment it was discovered and reported.

The potential application and uses of the ePay and/or EyeCash-to-be technology were boundless in the marketplace during the Dot.Com Bubble era when it was being introduced. And, contrary to your claims, Harry Hargens said it was workable - prior to his meandering off into Oz.

The financial officers and management executives of web-based (..online ebusiness capable..) companies it was presented to we're interested-to-excited about the possibilities. When the Executive VP of a major online brokerage, or a huge electric utility firm, tells someone that he knows that is what they need and offers an invitation for the tech-heads to get together and work it out - it is exciting. Especially for people who spend their whole lives "..building America.." and making complex process systems work. (..as opposed to those who sit on their brains, shuffle last quarter's paper, and attempt to second-guess what happened after all the trains have left the station..)

It certainly will be nice to see the day when you and 'scion' can buck up the courage to use your real names - or sign your posts. But, nobody will be holding their breath...........

John

[XV19]

I'll give you $10.50 for it. You pay the shipping.

:>)

[lucky, mydog]

huummmm, ebay. i wonder what a framed copy of a full page wall street journal ad might fetch? i paid 10 bucks for the frame.

[lucky, mydog]

hello chris, i think there is still a warehouse full of them somewhere.

i hope your still sparking.

[lucky, mydog]

matt, you should ask the guy who started a "new" thread for a "new" company. lol

that fatt guy knew his stuff.

[XV19]

haha Chris! Stick that beeoch on ebay!!

[Chris B]

I got one, anybody want to buy it, it might be a collectors item someday!

[Aristo]

The Whiz Kid saw the future in his teens...

Too bad the old farts didn't take him seriously when he talked.

Sigh!

http://tinyurl.com/2kr7a

[Mattu]

Good grief, what is all this about anyways. Didn't you guys listen to that Fatt Matt fella back in 1999? I think he had it figured. Wonder where he ran off to. He must have been quite the legend. People still talk about him!

[XV19]

sheesh..I go away for awhile and ya'll break out the swords and start sparring again :>)

It's been a LOOONG time since I went to Vegas to see the ECNC booth at Comdex. AT THE TIME, I believed (and still do) that it was a great idea, and a viable product.

Nowadays, no way. I can electronicaly transfer my money safely and securely wherever I want. Many bills, etc, are just automatically charged to either my VISA or direct withdrawl from checking. I can fund my brokerage online myself.

I agree with the statement that people who aren't computer savy won't give a rip about this cashpad thing anyway.

but..I'm happy to see that justice was served. And remember, some of use were smart and DID flip this beeoch a few times and make a LITTLE profit :)

good to see ya'll again.

ps..I wonder what happened to the eConnect Race Car :)

dave

[lucky, mydog]

long time supporter, sbg, finally gives up.

By: silverbulletny
03 Mar 2004, 06:20 PM EST
Msg. 31737 of 31744
Jump to msg. #
THIS COMPANY NO LONGER HAS MY SUPPORT I THINK EVERYONE IN IT AND AROUND IT IS PURE SCUM YOU'S GOT THE GOOSE AND THE GOLDEN EGG NOW SHOVE IT UP YOUR AZZES!! SCAMSTERS!

p.s. I HOPE TOM SQUEALS LIKE A PIG! IF HE DON'T TAKE SOME PEOPLE DOWN THAN HE IS THE BIGGEST IDIOT OF ALL!!!!

OH AND WHERE THE FARK IS OUR 5% DIVIDEND SHARES JENSEN?
YOU COULD'NT EVEN PULL THAT OFF POS! AND IT DONT MEAN
POINT OF SALE!

AND DONT THINK FOR 1 MINUTE THAT THE R/S DID'NT
HELP THE SHORTS!!

[midas98]

LOL.

[midas98]

Kev,

The smart thing would be to just let it go BK.

There is no way they could make it into a viable "shell".... At least not one that someone would want to touch anyway IMO. They would have to do a Reverse split first, get the filings up to date, find a company who would want it, then that company would RM into it, have to change it's name etc, etc, etc.

If Jensen just let's it die, it goes away. He's gotten a lot of money out of it as many others have. It's served it's usefulness.

[midas98]

kkgd: Look at the bright side...... We singlehandedly got this board in the top 10 for IHUB today. You should be proud.

[midas98]

Okay, well if he asks, I'm sure there are plenty of us who would gladly provide him some current DD. He should ask nicely though.

[lucky, mydog]

my gut feeling is that hollen has no clue about the current state of affairs at ecni.

[midas98]

It could be just that simple. Your thoughts? Gut feeling?

[midas98]

kkgd.... If that's the case, then my apologies. But, even if he were an unwitting dupe, why did he all of a sudden appear with a new board, right around the time of Hughes sentencing and ECNI moving their HQ's to NV? Something doesn't smell right.

[midas98]

Really John?

I greatly suspect that there were people working in the background to discourage eConnect's CEO from presenting at the opportunities that were made available, because they had other agendas on their plates - having nothing to do with achieving successful results with the technology.

You greatly suspect? Here we go with the conspiracy theories again. And no, not all things are sold only on plans and detailed drawings..... NOT when it's a new technology. Don't try and bs people who are smarter than you. It doesn't fly.


Their whole business model was screwed up from the start.