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Date: 3/2/01 12:31 PM Eastern Standard Time
From: GAMontgmry
Message-id: <20010302123103.16145.00000396@ng-md1.aol.com>
>Subject: Re: I HOPE I AM WRONG !!!!
BReyers, I have no reason to doubt your experience with Letters of Intent; nor to doubt that the LOI between Alliance and eConnect is binding. I do know what one of the companies which had an LOI with Alliance said: " . We have been unable to generate cash flows to sustain our operations, even at this reduced level. This arose primarily because we did not receive the additional funding we had expected to receive from various potential
investors who executed letters of intent with us;in particular, the $500,000 we expected to receive from Alliance Equities, Inc.("Alliance") on July 5, 2000 was not paid at that time. As a result, we were unable to meet our June 26, 2000 payroll, to pay many of our bills as they came due and to continue our operations at previous levels." http://www.sec.gov/Archives/edgar/data/1099234/0000891554-00-002611.txt
Perhaps, as you stated, the use of funds in this case had not been approved by Alliance.
Monty
Nokia And Visa to Provide Mobile Payment Services in Asia-Pacific
NEW DELHI, Feb 8 (Asia Pulse) - Telecom company Nokia announced that it has
formed an alliance with Visa International to provide Visa-branded payment services,
which enables consumers to make purchases through internet-enabled mobile phones.
"The service would use Nokia's network and platform solutions and would be made
available to Visa cardholders throughout the Asia Pacific," the company said in a
statement.
In addition to collaborating on joint marketing and business development activities in the
region, Nokia and Visa would offer simplified payment solutions, enabling customers
who use existing wireless application protocol (WAP) enabled mobile phones to make
purchases over the internet.
The Nokia Visa solution would provide server-based applications supported by WAP
and would transmit payment data securely over existing wireless networks to financial
institutions.
link :-
http://www.schlumberger.com/print_story.cfm?baid=2&storyid=157020&printable=1
By: Cashequity $$$$
Reply To: 315462 by Fusionary $$$$ Tuesday, 6 Feb 2001 at 5:52 PM EST
Post # of 315554
Well, well, well, look at what I found.......
Fusionary posted earlier the six conultants of which one was..........
4.6 Consulting Services Agreement between the Registrant and Omar V. Sanchez, dated January 18, 2001 (see below).
Consultant agrees to perform for Client all services and
consulting related to the identification, acquisition and management of a clearance firm with focus on eCashPad originated
ATM card with PIN stock purchase transactions. As such, Consultant will be providing bona fide services to Client. The
services to be provided by Consultant will not be in connection with the offer or sale of securities in a capital-raising
transaction, and will not directly or indirectly promote or maintain a market for Client's securities.
Could this be the same guy?...
Omar Sanchez is a senior investor relations associate at Tellem Worldwide where he develops market
opportunities for public and pre-public client companies and expands their shareholder base. Previously, he
co-founded I.W. Miller & Co., Inc., a financial public relations consulting firm based in Irvine, California. As the
EVP and Partner, he increased client fee revenues from $86 Thousand to $1.5 Million in less than three years.
Sanchez has developed relationships with top tier firms and a track record in assisting public and pre-public
companies. His expertise in implementing stock support programs and identifying market makers has helped to
resolve volume and liquidity issues for improved securities trading results. He provides access to financing
resources for pre-public and public company clients.
Sanchez has more than 20 twenty years of experience in business management, finance and national sales. As
a national accounts manager to Fortune 1000 companies for Pacific Bell from 1991 to 1994, he consistently
achieved sales volume in the top 3% of 700 managers company-wide. Previously, he was an industrial broker
for Daum Commercial Real Estate for approximately two years, and was a computer systems analyst for four
years at Rockwell International.
Sanchez has a Bachelor of Arts degree in Finance from California State University.
http://www.tellem.com/
Click the "clients" tab.
Courtesy Cash L&S
This would seem to refute Rogel's posts on this subject------------By: Tradewinds $$$$
Reply To: 313261 by kkgd $$$$ Friday, 2 Feb 2001 at 8:53 PM EST
Post # of 313495
Hi Kevin:
What the "new house" really needs is hand-laid pavers all around...
Just finished tiling a bathroom myself, a lot of work, it reminded my why I don't do it for a living.
Hope you and yours are well, and had a good Holiday.
DWolf & others that cling to myths like "SafeTPay 'stole' a server" are pathetic... Yes, that "server" IS still sitting in a corner collecting dust, as a matter of fact...just a $1,500 PC Clone, not exactly worth worying about if you are a publicly traded company with 200 million+ shares trading, eh? ECNC's laywers were told in writing a year ago that they just had to send one letter to get it back....but they never did. Why? No way to know. 12 months after the fact, people still want to grouse about a $1,500 "stolen" server, that wasn't really stolen. I guess they have nothing better to discuss."
# Insider Name Rel # of
Shares Trans
Type Trans
Date(s) Trans
Price(s) Trans
Value
($mm) Total
Holdings D/I
Own Date
Entered
1. KOFOED, MICHAEL A. - 870,000 144 - - $0.35 - - 1/24/2001
They did manage to sell 100 or so cashpads according to the last filing.
Jarta- According to this "pr" he will-------------==============
In January 2001 RG Tecq will commence...
sales and licensing of a proprietary security product called the Authotecq ä System. RG Tecqs Authotecq ä System, which includes the RG Tecq LTS (Linux Transaction Server), the RG Tecq Merchant Plug-in and RG Tecq proprietary DogCryption Technology; enables consumers to purchase goods and services via the Internet without compromising personal credit card, ATM or smart card information. The Authotecq ä System has currently received on-line
certification from eFunds, a subsidiary of Deluxe Data Corporation, and the American Banking Association to process credit card transactions initiated over the Internet. It is also endorsed by VISA and NDFC (National Data Funding Corp.) as a secure settlement system.
Current transactions on the Internet today involve providing financial information to a web merchant, where it gets stored and is readily available for hacking. The Authotecq ä System securely transports sensitive credit card, ATM or smart card information through the RG Tecq
Linux Transaction Server to your bank or credit card issuer for authorization. By swiping your credit card through a card reader device like eConnects eCashPad, consumers are able to control valuable and
private card information.
At the Comdex Technology Convention, in November of 2000, eConnect successfully used the Authotecq ä System with the eCashPad to perform a Bank Eyes Only transaction. RG Tecq will begin licensing of the Authotecq ä System in early 2001 to e-commerce companies, credit card vendors and banks. Fees will average about 25 cents pertransaction.Other products to watch for include RG Tecqs Secure Music Player, which will prevent the unauthorized
transfer of a music file downloaded to a
users hard drive; and RG Tecqs Fingerprint Technology based software, in its final development stages for one of the leading Formula One teams in the Grand Prix. This product will protect against highly competitive design and data information being lost to competitors of the team."
While VeriFone and Hypercom, at least publicly, say they are not planning to emerge in the at-home PC payment terminal market any time soon, executives at IVI Checkmate met recently with a representative from an undisclosed company wanting to participate in such a venture. Kumar Choudhuri, IVI Checkmate vice president for business development, notes that the potential for the market is large given that consumers today generally can use only credit cards or offline debit cards to initiate Webbased transactions.
ECNC mentioned in this article. Although the author is not very positive, about halfway through the article is an interesting comment from an IVICheckmate executive. Could this be ECNC?????-------------------------------------------
--------------------------------------------------------------------------------
Trying hard to find a home base
--------------------------------------------------------------------------------
Some smaller companies are going after the home POS terminal market, but industry leaders are steering clear. Will growing Internet usage encourage consumers to get such devices?
A number of companies are gearing up to offer consumers payment terminals that attach to their home personal computers. But while individuals' homes may be an emerging market for payment terminals, North America's leading point-of-sale terminal makers are not taking giant steps to enter into that market.
Some, in fact, already tried the home market, but with little success. Less than a decade ago, VeriFone, now the Santa Clara, Calif.based POS terminal unit of Hewlett-Packard Co., rolled out an at-home telephone equipped with a built-in magnetic-stripe payment card reader and a full-size keyboard. The VuPhone was designed so that call-in orders to catalog companies could more closely mirror card-present transactions, which generally are more secure.
A short time later, VeriFone, North America's leading POS terminal manufacturer, rolled out another at-home device, called the PATM, which stood for personal automated teller machine. It was designed to enable consumers to reload electronic purses on smart cards at home over the telephone.
VeriFone officials say the PATM, like the VuPhone, was ahead of its time. Both products are now defunct.
Today, however, with the emergence of the World Wide Web as a multibillion-dollar marketplace, the at-home market would seem ripe for VeriFone and other leading POS terminal vendors to broaden their customer bases. Already, a plethora of smaller companies in the coming months plan to roll out at-home terminals designed to enable consumers to make secure transactions from merchants' Web sites. Among them are Boca Raton, Fla.-based MerchantOnline.com, Bellevue, Wash.-based UTM Systems Corp., Glen Rock, N.J.-based SafeTPay and Los Angeles-based eConnect Inc.
But VeriFone and its closest competitors, Phoenix-based Hypercom Corp. and Roswell, Ga.-based IVI Checkmate Corp., are not expected to play major roles in the home-terminal market. Distribution issues, economics and emerging alternative payment technologies are among the many factors making it difficult for the companies to justify the effort.
Not Convinced
"The marketplace does not seem to be leaning at all to try to use the card-swipe technology in the home," says Mountain Home, Ark.-based payment-processing consultant Paul R. Martaus. "We as an industry are not convinced that the PC is going to be the interface device of choice."
In fact, some leading terminal vendors believe the PC payment terminals will be a temporary phenomena. "We see the terminals as a relatively short-lived, relatively lowvolume opportunity," says Stuart Taylor, VeriFone marketing manager. "They're important to the industry, though, because it is through some of these products that we can learn what is required to be successful out there. So we'll watch that market very closely."
Indeed, the economics of athome payment terminals are much different from the merchant-terminal market. Whereas point-of-sale terminals might handle hundreds or thousands of transactions per month, most at-home terminals generally would be used for only a handful of transactions during a similar period.
"So the issue becomes how do you justify the price of the terminal," says George Wallner, Hypercom president and chief executive. "There's very little economic incentive to justify these devices. The only incentive is the sense we all have, and that is that the devices would make transactions more secure, which they would, and that they would accommodate PINbased debit."
Minimal Chances?
Wallner believes companies developing payment terminals that connect to home PCs have "a 30% chance" of being successful. "Anything costing more than $20 that has to be attached to a PC, and that has to be put into a consumer's location, already has so many obstacles and so little incentive to make it work that its chances for success are minimal," he says.
While VeriFone and Hypercom, at least publicly, say they are not planning to emerge in the at-home PC payment terminal market any time soon, executives at IVI Checkmate met recently with a representative from an undisclosed company wanting to participate in such a venture. Kumar Choudhuri, IVI Checkmate vice president for business development, notes that the potential for the market is large given that consumers today generally can use only credit cards or offline debit cards to initiate Webbased transactions.
As more businesses sell directly to consumers in their homes, Choudhuri says, the company wants to develop secure payment mechanisms to accommodate them. "There's some opportunity there, but it's different from what we do," he says. "We have plans, but they're not finalized. We need to figure out the reseller channels to get there."
Hard To Tell
Some terminal resellers also are uncertain about the at-home payment terminal market. "It's like the smart card question we've been asking for a long time," says Jami Mandel, vice president of marketing at Rocklin, Calif.-based TASQ Technology, which resells POS terminals for virtually all the leading manufacturers and deploys smart card readers for American Express Co.'s Blue card program. "It's hard to tell whether consumers are going to be interested in using these new devices. Will they do debit online? How much does it cost? Will they feel the devices are more secure than what they do now? There's a lot of questions that need to be answered."
Indeed, vendors rolling out terurinals that interface with home PCs are counting on the millions of consumers who only have debit cards requiring personal identification numbers to initiate purchases to drive their products. But some also are counting on virtual merchants seeking more secure Web transactions to help get the terminals into consumers' homes. Regional electronic funds transfer networks, which control the nation's PIN-based debit infrastructure for financial institutions, expect to set rules for home-initiated debit transactions this summer or early in the fall.
While companies continue to promote their at-home payment terminals, other technologies are emerging that could soon address the same issues. Some experts expect smart cards, which in North America have had difficulty securing a business case outside of closed settings such as college campuses or military bases, to play a greater role in the virtual marketplace, but not necessarily from home PCs. Ran.
Christopher W. Jarman, senior vice president of mobile commerce at MasterCard International, notes that many Web-TV, cable-TV and other set-top boxes, as well as some hand-held computer devices, such as Palm Pilots, already have smart card readers in them, or the ability to have them attached. Such devices are becoming standard components in many U.S. homes, and many experts believe consumers are hesitant to add peripherals, such as payment terminals, to their PCs.
"What we see happening is more diversity in terms of people being able to make secure transactions from a whole range of different devices," Jarman says. "And people are looking to take advantage of them."
Jarman predicts tests should begin later this year in which settop boxes will be used to initiate payments on the Internet, with full rollouts taking place within 18 months.
Hypercom's Wallner: "There's very little economic incentive to justify these devices."
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Midas- You might want to read the recent filings. The initial order was for 5000 units for $80,000. The new price stated in the filing is $42 which I believe is payed to Clinton Wong upon delivery. There will be more costs involved in the programing at NDFC and the rumored protective resin. I think they will be lucky to break even on the cashpads.
Dickmn- I didn't think you'd do it! Not much action over on the AOL SEVU board. I hope you made some $$ on ECNC in the last couple of days.
Midas- What Tom says doesn't usually happen. AMEX is just a dream, just like it was a year ago. ECNC does not qualify for AMEX at this point. The $3 minimum bid price is a long way off imo. Be happy there is a chance to be listed on the OTCBB.
Too bad ECNC wasn't even in the running. I wish MRTO won, it would have given some hope,-------------------Subject: News from the World Internet show
Date: 10/27/00 9:56 AM Eastern Daylight Time
From: Pseeker36
Message-id: <20001027095638.09512.00001534@ng-cg1.aol.com>
Friday October 27, 5:00 am Eastern Time
Press Release
Transale Awarded 'Best Of Show Award' At Internet World
INTERNET WIRE -- Internet World Magazine announced today that Cardlock, the new e-payment solution developed by Transale, was awarded the Best of Show Award for E-commerce at Internet World Fall 2000. The event, which is attended by over 50,000 Internet professionals, is being held at the Jacob K. Javits Convention Center in New York City from October 23- 27, 2000.
Transale's patent-pending Cardlock(TM) technology protects consumers, merchants and credit card issuers from online fraud, charge backs, and related handling costs. Cardlock(TM) enabled credit cards, provided through banks and credit card issuers, enable cardholders to easily turn "ON" and "OFF" their cards from their desktop or cell phone. The card remains "OFF" by default and must be turned "ON" with a password in order to conduct a transaction.
After each transaction, the card (number) is automatically "locked" and therefore unusable to hackers and credit card thieves.
Apanel of judges from Internet World Magazine reviewed over 1000 Internet Industry companies that are exhibiting their products and services during the course of the event for award consideration in several divisions. The winning entries were selected by the judging panel based on the criteria of how well the product is capable of working within existing standards, as well as its contribution to the future development of the Internet. Cardlock by
Transale was selected as the Best of Show in the category of e-commerce.
Transale, USA, Inc., sets the standard for control, security and protection for online payments for e-commerce. The company will also offer an expansive array of financial services for credit card users, ISPs, e-commerce merchants and customers. Transale is currently negotiating with credit card issuers worldwide.
TRANSALE ALROV TOWER 46 ROTHSCHILD BLVD TEL AVIV, ISRAEL 972-3-566-9677
On-line gambling to begin------------=-
Vertgame.com gets OK for PC-based betting software
Fri Oct 13 18:12:00 EDT 2000
LOS ANGELES, Oct 13 (Reuters) - Nevada gaming regulators
have approved software developed by Virtgame.com Corp.
that will let Nevadans bet on sports over a closed
system using home computers, a regulator said on Friday.
The Virtgame system will be used by casino operator Coast
Resorts Inc. at its Nevada properties. It is much like closed
online systems banks and brokerages used for their customers
before Internet commerce became secure, said Dennis Neilander,
a member of the Nevada Gaming Control Board. He added that
betting will not be available over the Internet.
The system would be the first in Nevada allowing state
residents to place routine wagers on sporting events using a
computer-and-modem based system.
International Sports Wagering a few years ago was allowed
to take bets in Nevada through a closed system where bettors
wagered on the outcome of individual plays in sports events.
But the system never caught on, Neilander said.
The Virtgame.com wagering software was approved for use on
Thursday, and final approval for the entire Coast Resorts
betting system will likely occur next week, Neilander said.
After that, the system would likely be put on a 30-day
field trial starting the week of Oct. 29, he said.
"We'll let them put it into play, and at the end of the
30-day period we'll decide whether to give it final approval,"
Neilander said.
Coast Resorts initially plans to place a $1,000 limit on
bets, said Virtgame.com spokesman Bruce Merati. To use the
system, bettors must first set up an account with Coast, make a
deposit to cover their bets, then load special software that
allows them to access the Coast system from their personal
computers.
Only people in Nevada will be allowed to use the system
because federal law prohibits the placement of bets across
state lines.
Rtr 18:12 10-13-00
Copyright 2000, Reuters News Service
Don't choke on that drink! The AMEX? From the AOL board--------ubject: Office visit recap
Date: 10/11/00 6:49 PM Eastern Daylight Time
From: JOBOB77
Message-id: <20001011184910.07656.00001418@ng-cf1.aol.com>
The following recap is based on an objective summation of what I saw and heard while being shown around the offices during our office visit and meant to acquaint those ecnc'ers who have not had the opportunity to actually visit to view same through my eyes.
1.the offices are located in a business complex adjacent to the Hilton Hotel overlooking
a marina and harbor views .
2.the offices are sparingly furnished with basic equipt, pleasant but not pretentious.
3.approx.+6 personell circulating about {Monday was semi-holiday} , not sure aboutt total # of employees.
4. Erin {Tom's daughter} was our hostess.
5. Conference room Q&A session.
a.shown a proto-type....asked to see a demo but not set up yet.
b.e-cashpads to be delivered soon , globally relatively glitchfree but US has more testing and adaptation.
c. a friend ordered consumer cashpads on their website the day before the visit.
They could not confirm our order, took our email address and would contact us.
d.as to # ordered to date, Katie said she was recently put in charge and didn't have those figures immediately available.
e. they are hopeful cashpads would arrive before the shareholders meeting.
f.NDFC acquisition is not concluded but is being actively pursued and planning
to present at the Comdex.
g.noncommital about # of merchants signed up.
h. they feel relistimg is progressing and Amex seems most likely.
After all the concerns shown on our board, I was beginng to question the actual existence
of an office. Erin seemed very poised in knowledge of the company, spoke directly with good eyecontact, we were not rushed through the meeting and cordially received. We did
meet Tom,who took a moment away from a meeting he was having and showed us a prototype they were discussing { it didn't appear appreciatively different than the one we saw earlier, but had a different slot for swiping cards.This report is meant to help you draw your own conclusions as if you had been there yourself. I personally plan to stay Long and Strong and and want to attend the shareholders meeting .
Good luck in all of your endeavers.
A blast from the past. Here's that news. Pretty soon ECNC can start using their old PR's again!--------------------------------- eConnect licenses Thundergo software to bring new technology to Internet sites
Tuesday July 13 1999
LOS ANGELES--(BUSINESS WIRE)--July 13, 1999--eConnect (OTC BB: ECNC), a fully reporting company, announced today that it has reached a licensing agreement with Interleisure SA, allowing eConnect to use Thundergo(TM) software on Internet sites that it operates. eConnect will initially use Thundergo(TM) to enhance the customer experience at it's eSportsbet Internet site.
According to an eConnect spokesperson, "Our P.E.R.F.E.C.T.(TM) services enables internet merchants to accept same-as-cash(TM) ATM card payments. Thundergo(TM) enables the consumer to visually interact with the internet site. The result is a substantial development for increased Internet commerce."
Thundergo(TM) is an ecommerce enabled software wrapped around netmeeting 3.0 which allows users to see and hear each other during an Internet session. This vastly improves the Internet experience for the consumer, who can now choose to see and talk to a real human being on the other end of an Internet connection. Video can be two-way, or one way if the consumer prefers privacy.
Consumers need not have any special equipment at their home, to be able to see someone at a web site using ThunderGo(TM). Only a microphone is required for conversation. Most consumers can download the communicator portion of ThunderGo(TM), which is freeware, and immediately begin using ThunderGo(TM).
The result is a quantum leap past previous systems in terms of being able to communicate by home videoconference without requiring a high speed connection; bringing this capability into the average home on a practical and reliable basis for the first time.
"Possibilities for the use of ThunderGo(TM) are endless," states a spokesperson for Interleisure. "For instance, while shopping on the Internet, if you have a question about your purchase, click on a button and be connected to a customer service representative whom you can see while you talk. Or, if you prefer a `casino experience' while gaming on-line, log on to a site using ThunderGo(TM), and see the dealer, or even other gamers, in the game with you. This technology will drive more volume and revenue to Internet sites that take advantage of it."
"We are actively seeking licensees, and are very excited about working with eConnect. They share our vision, that there is a tremendous opportunity for Internet merchants, services, and bill payees to use ThunderGo(TM) to increase both revenues, and customer satisfaction. In addition to increasing revenue and volume for existing sites, whole new business models can emerge.
"Imagine using ThunderGo(TM) to enable a medical practice or law office to consult face-to-face with clients on the other side of the world, via the Internet. ThunderGo(TM) software includes a billing module, with flexible options that allow professionals to bill according to the time spent in conference with clients. Combine this service with the eConnect P.E.R.F.E.C.T.(TM) same-as-cash(TM) service and the Internet ecommerce potential substantially increases."
eConnect is focused on eCommerce. eConnect owns and operates its own Internet sites and kiosks, and markets P.E.R.F.E.C.T.(TM) products and services to enable other Internet merchants to accept ATM same-as-cash(TM) payments from consumers. eConnect is already generating revenue from web sites that it operates or licenses technology to, such as 777Wins and eSportsbet; and projects revenues to grow rapidly as new web sites are acquired, and as P.E.R.F.E.C.T.(TM) processing services are provided to other Internet merchants.
Interleisure is a private company, involved in the development and marketing of Internet Technologies and services.
This press release contains forward looking statements subject to the safe harbor act created by the Securities Litigation Reform Act of 1995. Mangement cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development.
CONTACT: eConnect: Carnegie cook
Anita Goldberg, 800/262-2331 (investor relations)
or
ET&T: Prima Capital Elias Argyropoulos, 800/600-8599
or Interleisure for Interleisure and ThunderGo(TM) Hilly Ehrlich, 809/535-6664
I wouldn't go booking things just yet. We all know how ecnc dates are very flexible!
1- Patent suits. Does anyone think that there could be a patent suit in the future? Hughes's patent doesn't look like it is exactly what he is alledgedly producing. In fact,it looks exactly like the picture of Dereck Clarke's patent. Possibly a reason for the D.R. system instead of a US system? 2-Upp Solutions. If UPP Solutions hijacked the first server why does ECNC continue to do business with Universal Savings Bank (as does SafeTPay)? 3-Rogel. Why does Rogel insist that Innovonic's (now 90% owned by MRTO) PCPay uses single encryption when according to them it uses triple DES encryption at the device and before entering the PC, while ecnc claims to use single DES encryption at the device and then is routed through a SSL and the as yet unknown dogcryption (the updated rgtecq website was reassuring as they continue to work with Efunds)Any guesses out there?