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Re: tvset post# 257369

Monday, 08/01/2016 8:43:30 PM

Monday, August 01, 2016 8:43:30 PM

Post# of 298910
The reality is that ACH is basically a monopoly in the United States. However, just like the A-track nothing lasts forever. If the United States wants to continue to compete in the global economy it needs to get away from the insanely archaic ACH system also a product of the 1970s.

Honestly we're still using paper checks with our names with routing and account numbers in 2016. The check has to be recycled through a system for days in order to be verified and finally cleared. Banks are proclaiming how wonderful they are to be able to wire money for 39.00! I'm not talking about a local bank either. Consumers want cheaper and faster however we've been trained to see monopoly ACH as the only solution because it is not the best by far--only the vanilla in-place. They are looking for new solutions and ways to do financial business in Africa--MEC certainly has a tremendous opportunity here.

The reality is that many areas of Africa may well be light years ahead of our financial system in relatively short order. What MEC is trying to achieve in Africa is much, much BIGGER than most of us realize. It's taken years and now significant money--I hope every shareholder is awarded in SPADES $$$$$$$$$$$$$ Due to the turn of events with respect to SeerGate MEC should have global opportunities. This ought to bolster prospects for major deals as the Global marketplace overall is far more-advanced than our 1970s ACH dinosaur here in the United States.

Real-time financial transactions are only growing in speed and demand. ACH is simply days too slow in a world that is moving at the speed of light. Africa is all about INNOVATION!

Time to show Multi-billion corporations operating in Africa like DHL, Marriott, etc. etc. what MEC can bring. This will in-turn will ultimately force them to move away from dinosaur ACH in the United States as Globally it will not cut-it. I am hedging my bets that MEC is going to be able to capture an important role globally starting in Africa. We need to prove our stuff rather than stretch beyond reason and existing capabilities. If the MEC platform can be implemented successfully in even 1 country--then more will inevitably come. According to many releases--we are talking about multi-country roll-out.

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