Replies to post #115709 on MyECheck, Inc. (fka MYEC)

[oldman65]

Mikehbr, ADP is who does my payroll and may well have been my weak link in my check fraud that I spoke about earlier. If MyECheck were available someone might not have stolen 10,000.00 from me this week.

[bab1]

Great opportunity. Do you have facebook? You could always send Ed a private message, hopefully he's got that bull by the horns already, but wouldn't hurt to mention it.

[Kubisiak5]

Ive been tending to address these questions with the blanket statement that literally any merchant or business is a good idea. If it came down to it Ed could (or has) spend some money and research a list, any semi educated list, of all businesses, industries, whatever, that have the most transaction volume. Then you start from the top and work your way down.

Thats a pretty one dimensional and primitive method. Theyll likely be pulling in clients as fast as they can sign em within the near future. IE, theyll becoming to us instead of us trying to find them. When it makes sense to do both things operationally they will, but just picking a random industry and focusing on it is just that, random, when your profitability can come from aannnyyywhhhheeerrree.

Its a mind blower to grasp for sure. Its so improbable. Yet entirely possible here with MYEC.

I guess going forward, to anyone who asks "hey has Ed ever thought of targeting _____?" the answer is "yes", followed sometimes by the equivalent of "but thats just one piece of one type of pie. Were looking at all kinds of pies pretty much equally, but our focus is on are those who offer us triple rich chocolate wedding size..."

Ok ive derailed. End post.

MYEC

[ThaiLove]

I get what you're saying about ADP & paychex... If I read you right, you're pointing out that they may be less inclined to use MYEC because they make $$$ by holding the funds.

But if we look at BoK as example, the fees saved are often not transmitted to the end user. BoK look to have kept charges the same for clients & the money saved with MYEC looks to have increased their bottom line (they've made more in processing fees than they did prior to moving to MYEC)

When the fees saved are greater than 50% over ACH, there is A LOT of money to be made by these companies if they do adopt MYEC technology (much greater than the interest they make currently for holding funds for a few days IMO)

Thai