PSYC Corporation (PSYC)

[FreddyJ_30]

I am excited about the news yesterday. It is a sign of the company addressing some of the valid concerns people have about the platform today. A knock on MTrac was the need for a customer to basically complete 2 actions before making a purchase.

1. Load your wallet via a Kiosk or the app.
2. Make a purchase with the merchant.

While that is technically a cashless system, it required Mtrac users to still "prepare" their funds before being able to make a purchase. If they are successful at integrating this technology into the platform, then it makes buying things a single experience.

I wonder what this will mean for wallet. Will this allow people to side step the wallet as well? Or will there have to be some kind of matching up of the credit card used to an Mtrac wallet account?