Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Anyone else notice on OTC markets, the float hasn't been updated since Jan 2013??? Need new numbers before I consider getting in here...
Inzane's DD has been 2nd to none on this board, my 1st reply to you because you've not brought anything worth commenting on (except for this, because had you known & looked at his previous posts, you would know who he was, rather than sticking your foot in your mouth)
GLTY waisting your time on a stock you "claim" not to be interested in "thanks for saving us"
Hint was WAKEUP PEOPLE
HUGE NEWS!!!
Glad to hear someone's listening
Welcome !
Looking over past filings, they look to have approx 70 to 75% profit margins, so for the month of May (alone) they should have at least $9.8 million in net profits!!! Without debt... That's just nuts...
Wonder when we can expect audited financials out of our Securities Law Firm???
I have been actively following for a while, today's news was a call to action 4 me
Dude...
The PR IS a catalyst!!!
Nutty find here
Glad to be on board
Reviewing last Qs numbers, can't believe my luck today
Looks like I'm the only one really excited & buying today, lol
56K so far :)
Let the market sleep on this for another hour & I'm good!
Had my expectations prior to today, so I'm feeling great here
Bought 41K of the 44K in trades today, lol
Trying to liquidate another to pick up more here
News was too good to stay away!
Took long to fill dispute buying at market
Great story here, thx 4 bringing it to my attention!!!
I'm in :)
The whole CheckAlt -> Zipmark -> CardinalCommerce -> MyECheck does fit together nicely, but somehow I question these older contracts... Based on the clients of these Companies, one would think our revenue from them should already be generating more than what is currently reported IMO
completely agree...
And growing... I hate those guys... (for now, until settlement & subsequent royalties)
check out my DD on the 2 big boys... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103231567
Now that Ed has done some hiring, he should be able to delegate many activities & go after them...
the LinkedIn page also lists the Co. has between 11 & 50 employees, tell me it is so :)
you're right!!! Quite odd, the link doesn't work when I go directly to it... if you google the link it works...
or try this one, looks to work...
http://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.ofr.gov%2F(S(xynvycvytvecwacupqbmiy3a))%2FOFRUpload%2FOFRData%2F2014-13141_PI.pdf&ei=9z6fU9_GH8GhyATqy4KgCg&usg=AFQjCNFjtMr9QL0uojlpE95kKe_37e3K3Q&sig2=L7DBnF-37ltRS9PMNzj3QA
Considering we have 8 to 10 million worth of deals to close before EoM, should get interesting really soon
Fed Reserve update
As per the agenda here, on page 6 & 7, it would appear as though the board expects further action by December of this year. I look forward to a momentous event ahead of us :)
WRONG!!!
Current contracts are enough to bring in over $4 million this year without any of the VX gateway, apps or any number of stellar upcoming catalysts.
But if you don't like money, use the sell button :)
GL
Those not liking the news today are likely using the wrong substance, crack seems to scare & freak you out, so switch to pot for a mellow high :)
There's going to be an app for that soon!!! :)
Happy Friday the 13th all longs
Not to mention establishing & abiding by federal & state laws :)
Much value here
I don't think so...
They built a name for themselves, established contracts probably, designed & deployed a platform, have a good name, etc, etc. paid quite a premium IMO
Would love for Ed to do as WNT* and possibly IPO the Co. When they go into operations and pay dividends to MYEC shareholders!!!
We'll probably do some more hiring over this as well!!!
Don't forget Green Pay is NOT MJ specific, so we'll have an in into other payment solutions which is fantastic & exciting!!!
You can bring a horse to water, but you can't make him drink!
Some people don't like $$$ :)
Guess we know why he went for a visit now :)
More exposure, more revenues!
We'll now generate front & back end revenues!!!
Love it!!!
I suppose anything is possible...
But you and I know, the stove is on & the kettle's going to eventually blow!!!
From one of my 1st posts here today, I strongly believe someone here on this MB may very well be working for a large enterprise & may have never though about how beneficial MYEC could be for their business. I'm not much for being a passive investor & if I had any means to help grow an investment of mine, I would open many doors & push to make things happen...
In fact, I've been in communication with a large equity investor just today & promoted the Co. to him, seemed quite interested, summarized our business & short term catalysts & forwarded him links to my blogs. We'll have to wait to see how it plays out... I also like him because he would have some influence to other businesses that could be persuaded into using MYEC!!!
Do your part people! Support your investment!
Like someone here once mentioned... Being a sales person for MYEC must be the easiest job in the world, "we're cheaper, faster & more secure, any questions?"
All games come to an end & the BS here will soon as well :)
Feelin cozy with my shares
GLTA
Thai
Excellent dd, thx
Surprised said they were investigating them as possible infringers & considering legal action then
Competition
There is REAL competition to MYEC which I cover below (there are others, but these 2 look to be our biggest that I am aware of). Are they legally processing these transactions? I’m not sure. Have they found legal ways to circumvent Ed’s patent? If not, should the CEO take action to file suit against these potential infringers? Could they become new licensed partners of MYEC? These are all valid questions we need Mr. Starrs to address ASAP in my view to insure the fruitation of the business. If our clients were half as large, I feel we would be at a MUCH higher price per share RIGTH NOW! Most probably above $1/share
Between CheckAlt & MVI, they already have operational apps for both the iPhone & Android being used by customers for purchases at restaurants, retailers telecoms & bill payments, as well as serving the healthcare industry & the unbanked, not to mention rolling out unmanned full service kiosks. The technology used by both is already being used in thousands of financial institutions, service bureaus & billers processing billions of checks & claims annually, along with a staggering & impressive amount of Credit Unions. In all likelihood the companies have already been contacted by MYEC about the possible violation to Ed’s patent, yet they don’t show signs of going away...
CheckAlt
It’s been said CheckAlt is operating in violation of MyECheck’s patent (which I have no qualms with), but they are our competition & look to be gaining traction at a faster rate than Ed has so far, they are much bigger (according to their LinkIN profile, they have between 11-50 employees) & their revenue is presumably much greater when reflecting on the size of their clients. We already know that they’ve successfully poached one of our clients Spindle. Their list of clients are growing at an enormous rate. CheckAlt’s clients include banks, credit unions, check cashiers and MSBs (money service businesses), insurance companies, municipalities, utilities, and small and medium-sized enterprises.
“CheckAlt delivers x9.37/ICL files to 200 + financial institutions daily and possesses the most robust integration tools in the industry.“
It’s hard to determine how much revenues the company is generating, but there are signs that they are thriving & growing quite rapidly. What we do know is that where investors are happy to see MYEC has over 1500 likes on facebook, CheckAlt has over 4,600 likes & where everyone had hopes Ed would attend industry tradeshows to get the word out (which remains unconfirmed & if he did, he didn’t have a booth to increase exposure) We can see from CheckAlt’s Event list, they are VERY actively promoting their services in the industry with 13 events planned & upcoming this year alone.
Most recently, CheckAlt acquired ERAS Subsidiary from Diebold to Extend Imaging and Item Processing Capabilities
They have a partnership with eDeposit which enables buyers such as restaurants and other retailers to create an eDeposit account directly through their iOS and Android mobile applications in a streamlined setup process
With Payteller, LLC who offers prepaid cellular phone top-up, international long distance and bill pay, with features such as money transfer, prepaid debit card loading and prepaid debit card issuance. They are also targeting the “Unbanked” and are in the process of rolling out a fleet of unmanned FSKs Full Service Kiosks with big plans for the New York & New Jersey areas
ESP which is a core data processing solutions specially designed for credit unions partnered with CheckAlt stating the below;
“We selected CheckAlt as our Check21 partner because of their robust suite of applications for the credit union industry, including branch capture, teller capture, share draft/in clearings, merchant and mobile RDC, and its newly released CheckAltBatch processing service,”
Orbograph also joined the list of CheckAlt’s clients. They are a premier provider of recognition services and software for check processing in the financial industry and electronic/paper automation solutions in healthcare revenue cycle management. Orbograph technologies are in use in over 1,500 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments
They have also PRed several Credit Unions as customers including;
a partnership with Pikes Peak Credit Union which was established in 1982 & is the oldest credit union in Colorado Springs.
Point West Credit Union and Dowell Federal Credit Union. Point West CU began operations in 1932 (over 80 years of service & over $80 million in assets) & participates as part of the CO-OP Shared Brance network, which means they share nearly 30,000 ATM locations nationwide, nearly 5,000 credit union branches and over 2,000 self-service locations when your credit union is part of CO-OP Shared Branch
FAA Federal Credit Union, University of Nebraska Federal Credit Union and Valley Credit Union. the University of Nebraska FCU has over 10,000 members and over $84 million in assets. It offers mobile banking, mobile deposit, Internet banking, checking and savings accounts, credit cards, consumer loans, mortgage loans, business loans, online bill pay and many other services. Valley Credit Union is Canada's 597 credit unions and affiliated caisses populaires have combined assets of over $70.5 billion and serve 4.6 million owners. Dakotaland Federal Credit Union was formed in 1935 which has expanded to nearly 28,000 members and over $253 million in assets with branch offices located in Brookings, DeSmet, Huron, Madison, Redfield, Volga, Mitchell and Woonsocket.
MVI (Millennial Vision Inc)
I came across the company a while back, at the time I didn’t think much of them or if they were really competing in the same market, but a recent PR from Antuar has ran full circle & led me back to Millennial vision which made me realize they are in fact actively competing against us at MYEC & from what I’ve gathered, are doing better than MyECheck in many ways.
MVI has a number of Credit Unions already operating as clients such as Heritage USA Federal Credit Union, North Shore Federal Credit Union , http://www.mviusa.com/news/press-releases/109-2013-02-20-mvi-signs-episys-user-ufcu-to-use-ecm-software" rel="nofollow" target="_blank" >The University Credit Union
We also see in their newsletter that they’ve partnered with Cachet Financial to offer an integrated Mobile deposit check capture solution as part of MVi’s Check 21 Product via Apple & Android apps (which was also PRed here). Cachet Financial has a formidable list of partners as seen here not mentioning their widespread reach as covered in their News & Press Releases. Cachet also has their own proprietary “CheckReview” which allows for real-time check verification of funds as discussed here (presumably via the old ACH system)
Some of Cachet Financial clients include;
Minnesota Item Processing Corporation
Chexar Networks, Inc. is targeting the under-banked population now estimated to be almost 100 million people
CUAOk Services, Inc.
Allied Solutions, one of the largest providers of insurance, lending, and marketing products to financial institutions (about 4,000 financial institutions)
MEA Financial Enterprises, LLC
Catch21, Inc.
Access Softek is a partner with Microsoft, Intuit, H&R Block, Fiserv, Diebold, Online Resources, and its customers include over 200 banks and credit unions.
FI-MOBILE helps credit unions, banks and financial institutions deliver a unified mobile banking experience on the iPhone, iPad, Android, and web-enabled mobile devices
Northwoods Credit Union
eDOC Innovations which services more than 400 member credit unions
City National Bank is one of the nation’s top financial institutions. It is a wholly owned subsidiary of City National Corporation (NYSE: CYN). It is backed by $24.0 billion in total assets, and provides banking, investment and trust services through 79 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Tenn., and Atlanta.
Sharetec Systems, Inc. is a leading provider of core data processing systems to credit unions, which has a customer base over 300
PreCash is a leader in payments services and transaction processing. They serve more than 3 million consumers and touches nearly $3 billion in payments annually. Our products are serviced in more than 100,000 retail locations nationwide.
Simple
PSCU is a leading provider of traditional and online financial services to credit unions. They represent more than 680 credit unions, making them the nation’s leading Credit Union Services Organization (CUSO). They offer industry-leading credit, debit/ATM and prepaid card servicing to more than 14 million cardholders and innovative bill payment solutions to over a million online bill payment subscribers. They also provide a range of ecommerce solutions options to include electronic home and mobile banking.
Tyfone
Volunteer Corporate Credit Union They currently serve 325 credit unions. Volunteer Corporate has over $1 billion in total assets.
Member Service Solutions, LLC is a respected provider of insurance and financial solutions for credit unions and financial institutions.
Texas Trust Credit Union which has assets in excess of $500 million
Ingo Money, Inc. Some of the top 50 banks and non-bank financial services companies in the country rely on Ingo Money to evaluate, manage, and guarantee funding risk for them.
Nitro Mobile Solutions Established in 2009 in Tampa, Florida, Nitro now also maintains offices in Denver, Colorado and Austin, Texas to serve a growing list of clients ranging from small entrepreneurs to Fortune 30 corporations.
YellowPepper has over 2.5 million users. They are based out of Miami but service Latin America across 9 countries Mexico, Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama
To finish my thought, as we see here one of Parascript’s partners is Cachet. Also in Cachet’s 10-K filings they mention “Parascript, LLC” under the section highlighted below;
Under our current business model, we rely upon third parties to provide software integration, hardware, fulfillment, and support and maintenance services in connection with our RDC solutions.
The next sign in the piece of the puzzle is that we see that Antuar has partnered with Parascript for Check 21 processing
So combining all that I have uncovered leads me to the belief that it is actually MVI who will be providing the check 21 backend processing to Antuar in support of all 100 branches of the America First Credit Union (AFCU) network which is one of the largest, most stable and innovative credit unions in the U.S., with nearly $6 billion in assets and over 100 branches across Utah and Nevada.
=============================
But in the end, I prefer to refer to both MVI & CheckAlt Defendants & MyECheck as Plaintiff
There are MANY Canadians here, including Ed & myself
They will like us plenty when we're saving them millions & millions in processing fees & fraud protection, not to mention customer satisfaction!!!
I would imagine many would move brokers to the 1st one who adopts Check 21 processing in order to transfer $$$ faster to invest sooner IMO
nice job, appreciate your effort! Will revisit it once I'm all cough up
Agreed
At least the RSI is at 40, so one would expect momentum to shift momentarily
Momentum traders... & at present... The momentum is bad :(
I honestly didn't expect DTC to send it north, but I did think it would support the pps a bit better than it has... My gut says audited finances will have much greater impact, but who knows... Stupid people sell no matter how good things are playing out...
But I did like that yet again, Ed said he'd address the DTC issue & delivered yet again :)
really?
Still have thousands of posts to screen, so don't mind me :)