MyECheck, Inc. (fka MYEC)

[MODiFiEDZ]

The company you are referring to is not competition nor is it the Answer to the Medical Marijuana Cash Dilemma as they are also waiting for the Federal Laws to change allow Dispensaries to work directly with banks before they can move in as a Vendor for Payments.
This is what Singlepoint offers the industry as of right now: "We are currently able to do a CASH TRANSACTION with a DEBIT CARD"
http://vimeo.com/98946285
Watch this MoneyTV episode posted 6 days ago & you will agree SING is not competition, in fact they should look into partnering with us since they plan to be a Payments Vendor offering Credit, Debit, & Mobile payment options to all dispensaries. I have not completely researched this topic but it sounds like their revenue stream is also quite different from ours since it is based off of the number of account holders they can attract rather than just a flat fee per transaction nor can they process the mobile purchase of items using only a customers bank account numbers.
MYEC