I hear you there...
Certainly things have developed slower than expected, but they have developed...
I like the partners we've gained, several of those have been doing quite well, which in turn will be a benefit to us once we go live.
There are many things in the works I'm quite excited about, we apparently have 2 banks & 1 CU as partners and the IT company for the CU (Flex) has had their work order for 4 weeks now, so I hope to hear more on that this week or next.
I expect to get an update on the share structure at any time now
There are a few hints our next acquisition would be of a payroll company
our client Maverick BankCard, Inc has made the list as the top 50 payment processors in Feb 2015
in regards to same-day ACH, the Feds have expressed their dislike for adding an 8.2 cent interbank fee & NAFCU says it would not be "economically viable" without it, sounds like a stand-off, I like it
SionicMobile has posted that v4.0 with 2% off is coming soon (good sign for testing)
MJPAY expected to go live this quarter (which ends March 31st)
Further action from the Feds expected this month!
Innovations award to be given (hopefully to MYEC) this month
Seergate acquisition is about to complete (6 weeks would mean March 13th) with apps to be launched 2 to 4 weeks afterwards
What's not to get excited about!!!
Personally I don't really care much about guidance on revs as long as we continue to show progression, the thing I like most about our business plan is that once we sign a client, we move onto the next, no need to hold their hands and pamper them, it's not like a client will leave us to return to ACH... So my biggest thing is that I'm itching to see us get some of our clients to go live. Nothing else
P.S. My thoughts on Sionic over the competition. It's a fine line between merchant & client satisfaction, if you target one over the other, you'll limit your market penetration (example: AppplePay who target client satisfaction over merchants, they offer ease of use for the client, but at a price to merchants via overhead charges & costly upgrades to POS, or CurrenC who target merchants via reduced fees, but offer no incentive to clients), I feel MYEC/Sionic target merchants through reduced fees, but offer incentives to clients to use it via the rewards (win/win),
AI
