Hi Dave,
For the most part you're probably correct, the major opportunity was blown back in 2000.
If ENCI could managed to work a deal with someone like PG&E or whoever the major electrical sevice utilities are on the west coast these days, and in other major metro centers like Ney York City, Dallas, Chicago, etc., there might still be a shot at serving those (..primarily minorities, or kids under the financial control of their parents..) who don't have bank accounts. That was one of the original premises of the BizPlan as I recall; that people could purchase pre-paid debit cards or use credit cards to make payments or purchases.
It's been too bloody long, but I rather thought you could use the CashPad for making stand-alone transactions by plugging it into the phone line and entering the appropriate codes (..without a PC..). I could be completely off base on that, however. I no longer remember the details - nor do I care.
I sure wouldn't buy $50 worth of this whizbang, until they had a working deal with some major utitly company, or perhaps WalMart or Sears. (..Not too likely..).
Later,
John
For the most part you're probably correct, the major opportunity was blown back in 2000.
If ENCI could managed to work a deal with someone like PG&E or whoever the major electrical sevice utilities are on the west coast these days, and in other major metro centers like Ney York City, Dallas, Chicago, etc., there might still be a shot at serving those (..primarily minorities, or kids under the financial control of their parents..) who don't have bank accounts. That was one of the original premises of the BizPlan as I recall; that people could purchase pre-paid debit cards or use credit cards to make payments or purchases.
It's been too bloody long, but I rather thought you could use the CashPad for making stand-alone transactions by plugging it into the phone line and entering the appropriate codes (..without a PC..). I could be completely off base on that, however. I no longer remember the details - nor do I care.
I sure wouldn't buy $50 worth of this whizbang, until they had a working deal with some major utitly company, or perhaps WalMart or Sears. (..Not too likely..).
Later,
John
.......According to the Great Pumpkin, ".....You're in .....iHub....., Charlie Brown....."!!!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
