Paychest Inc (PYCT)

[lloydm]

Interesting, Paychest is
going back to its somewhat original charter. Wonder if the original investors is involved?


PayChest Upgrading Its Global Payment System
Saturday 29 April 2006 00:33 CET | News

PayChest has announced that programming for the upgrading of the companys Internet Payment System is on schedule and is now 80% complete. Negotiations are still ongoing with a number of new potential gateway partners, which will enable PayChest members to fund their transfers and online purchases using credit cards.
The company also plans to launch its own PayChest ATM card which can be funded from a PayChest members account online. This will enable PayChest members to withdraw funds from any of the one million ATMs in 160 countries around the globe. PayChest Inc. continues to eye the payment gateway markets not being serviced by PayPal around the world including the Philippines. According to some reports, the government of the Philippines said its economy grew at the fastest pace in more than eight years because workers overseas sent home more money than ever -- $10.8 billion. PayChest is uniquely positioned to capture this market segment along with the raging Asian markets like China and the emerging Central and South American economies.