Lol
WotEver38 July 21 at 11:10pm
Hi again,
sorry to bother you.
got this from the yahoo message board. is FIS Global a real threat?
jour_trader • 9 hours ago Flag
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MYEC Product
I have been in corporate treasury for years and have been watching this stock for the past several months. To all that don't already know, Certegy/FIS Global has had a product just like this on the market for the past few years. FIS Global is a multi-billion dollar organization. $6 billion if I remember correctly. I honestly see their patents having a hard time having any value for a process that has already been used for the past few years. I could see a small settlement, if any benefit is derived. FIS has much more resources to allocate for legal purposes than MYEC and that sadly enough more often than not is what will win a case - the quality of one's legal counsel.
FYI - I don't own any shares in the company, but have been debating. Less
thanks again MM123
MarketMan123 July 22 at 8:02am
No bothers ;-)
FIS Global is a processor, they are not our competition (though they currently use ACH), however they do have a same day payment option (for a premium). Wouldn't be surprised if they eventually become one of our clients.
Not sure if you've read my article "The ABC's of MYEC" seekingalpha.com/instablog/7510531-marke...
Think of FIS as HP, they need to choose a processor, either Intel or AMD (ACH or Check21) as described below
So what is the deal with Check21?
The best way of describing MyECheck (Check 21) is to offer a comparison to computer processors. Intel (NASDAQ:INTC) had a monopoly on the CPU industry for many years until Advanced Micro Devices, Inc. (NYSE:AMD) made an appearance to the market offering a cheaper alternative (the dwindling market share of AMD is beyond the scope of this article). The difference in comparison to ACH vs. Check21 is that the service is significantly less expensive by more than half the cost, transactions take between 1 and 3 seconds as opposed to ACH (which typically take between 1 and 3 business days) and because of the speed of the transactions, fraud related to chargebacks cannot occur.
Furthermore when we look at the processor industry, the CPU is in essence much the same as the backend service (as is ACH or Check21) in which regardless of who is providing the frontend system, be it Hewlett-Packard Development Company (NYSE:HPQ), International Business Machines Corporation (NYSE:IBM), DELL or Apple (OTC:APPL), they all have the option of choosing Intel or AMD regardless of all the bells and whistles each offer to try and capture market share. The same applies for the checking industry, it doesn't matter if it's a bank, fund processor, retail chain or any variant of special service company that move money from one account to another, they ALL need to use either ACH or Check21 processing.
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