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.
Even then MYEC could be the back end processor of any NFC app that wants to act as the gateway to purchasing something.
Besides everyone already uses checks including banks and the Govt, so they can't really tear it down. It's just a better way to process the same thing.
Has to happen some time, look back to all the contracts MYEC had before the 08 economic collapse. They were well on their way to changing the way payments are made and we are back on the way up now. I've been here with a decent position for almost a year because I see the possibilities if we even get a small foothold before and that was without these mobile payment app revenue streams to boost it. Worth the investment in my opinion but never with money you can't afford to lose.
PayPal and all those others use ACH to process payments, with all the delays/fees/regulations that brings. MYEC is not bound to ACH or NACHA clearing house, it's a check just without the paper. That means it will clear faster with no 5% surcharge for businesses when they get paid like with credit/debit cards, and MYEC holds the patent on this payment method.
License revenues and either a % or flat rate charge for each transaction processed! take a look at their Gpay app as that is what I'm excited about. Govt contracts are big $
Some good advice to start if you're looking to invest would be to do a little more reading, you seem to think this is another MJ play which is a very small part of MYEC plans. They will license an app for anyone who wants one provided the upfront license fee is paid.
Scottrade has some BS about having to pay a premium to buy shares. Ed is working on resolving the DTC issues.
And that is something that is not easy to find in the pinks. Over $1Mil in the first year since operations were restarted.
Why uneasy? I don't care one bit who buys a license from us so long as they pay the upfront license fee. Profit is profit.
Yessir, should see up back in the 7's by lunch or so, those financials looked pretty darn solid to me and only going to be better come May.
People sold because Ed doesn't rent office space currently? Lol! He has a 2 man staff and contracted developers that live who knows where and all of the operations are run out of QTS data center. That is one lame reason to miss the MYEC train to financial freedom!
Info on mobile services
Beginning in May 2014, MyECheck will be rolling out several new mobile payment services. MyECheck Mobile Person to Person payment system
MyECheck User apps can store money and send money to other user apps
Load money on your account from you checking account or cash loading station.
MyECheck Mobile Point of Sale payment system
MyECheck Merchant apps are downloaded and run on Intuit Quickbooks software.
Enables wireless point of sale using standard computer hardware and connections.
Transaction data is securely exchanged through QR code.
Small flat fee per transaction, no interchange fees
MyECheck Mobile Enterprise payment system
Custom developed and integrated comprehensive payment solutions for any large scale enterprise.
Principal / Founder / Partner
Sierra Global, LLC
August 2006 – Present (7 years 8 months) World Market
We are a International Procurement company who specializes in Delivering, Building and Producing products and good across international boarders through Europe, Africa, Middle East, Haiti and South America. We have a consortium of companies we are the parent to that specialize in particular projects and products: Eco Sublime International+Parners in Africa specializing in Education,Transportation, Housing, and Energy. International Union for Energy in Africa specializing in the import and export out of and into African countries. Sierra Global Oil & Gas House, LLC that specializes in Housing, Oil and Gas leasing in the United States. Sierra Global Medical Which is currently in the R & D phase on a product that will revolutionized the disposal of SHARPS world wide. Sierra COM, which specializes in the import and export of commodities word wide. And Social Entourage Online, which specializes in the marketing of services including but not limited to: SEO, Social Media, Reputation Management, Internet sites and managing of, to Ticking Coupons. We are always looking for new partners to build and go foreword with, We bring to the table Expertise and Financing.
Screwing with the bid/ask again it looks like. Go MYEC let's test 4's today!
Seems like SING does mobile card payments, MYEC does electronic checks. 2 totally different payment systems, and ours is better. Maybe SING could use us to process payments and they can focus on the marketing side.
As 2+ million show up on the bid.
I think we all know why he left that bit out ;)
You've also been saying we're going to close at .0026 and below for a long time and it hasn't happened yet. I wonder why people don't listen to you.
You send money through an email? You can email me anytime, i'll use the $ for more MYEC!
From what I understand they didn't make any money the last few years because they lost their contract with their bank when it closed down in 2009. No bank = no line to the Federal Reserve = no MyEcheck processing. The Bank of Kentucky deal means they now have an open line to the Fed again and can begin payment processing once again, hence all the recent deals they have signed and our hope for many more to come.
I know right? We're all in this to make money, i've yet to meet some "white knight" investor who's just so darn worried about folks losing their hard earned money that he spends all day warning about one stock. Oh well, green close and i'm happy! Good weekend to ya.
Oops double post.
Look Ncar, what I understand from doing my own DD is that MYEC needs a line to the Federal Reserve in order to process their Echecks, and somewhere around 2009 or so the bank that MYEC was partnered with for that closed down and they were unable get a line to the Fed, which means no system to process Echecks. With the Bank of Kentucky deal thye now have an open line to the Fed again, which means business is back up. That's why MYEC was trading so well back a few years ago, and why it seems like a pretty good bet that they will trade in that region again now that a Fed line is open again. All IMO but that's what I understand.