1) Mobile payments are growing as well as debit card payments, online payments, etc. There will need to be a fundamental consumer shift away from credit cards. The value of credit cards is people pay later not now. Curious- do you currently make mobile payments on your smart phone in stores such as Macy's, Wal-Marts, etc?? The technology is there currently. Look at Google Wallet and how it hasnt taken off like they wanted.
2) 85% use quickbooks for accounting- not card processing. About 60% of US payments are all processed using First Data, which suprisingly has not been brought up.
3)First Data also has contracts and partnerships with just about all the major banks except for Chase and a few others. Have over 11K+ relationships, not just bank of kentucky.
Like I said, let's just cool the valuation a little. I do feel $.25 is feasible but it will take a little while. I think MYEC has found a niche within the marijuana industry for payments until further notice
