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hkguy

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hkguy

Re: B RY post# 252447

Monday, 06/13/2016 11:32:08 AM

Monday, June 13, 2016 11:32:08 AM

Post# of 298910
"Ed said" in his deleted FB message:

*****

MyEcheck
MyEcheck The bank paid an up-front licensing fee, they were given the option of a large up-front fee and lower transaction fees or smaller up-front fee and large transaction fee or higher percentage revenue share. They opted for the smaller up-front fee, which will work out better for us in the long run ...............
22-January 4 at 6:45pm

*****

Do you see this "bank paid up-front licensing fee" in the 10K?

"Ed also said" MYEC has started to receive payment since the trial run by the bank's staffs.

Can you explain why we cannot see these "revenue" in the 10K?
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