Replies to post #197213 on MyECheck, Inc. (fka MYEC)

[Pass the Salt]

I can't vouch for the authenticity of your statements. However, I do have some reason to believe that you are correct.

I do not have inside knowledge on any parties that may or may not be involved but let me just verify that indeed not all credit unions are small 'mom and pop' size operations.

The market territory you have made allusion to is one that I am very familiar with.

There are some very substantial credit union 'conglomerates' operating in the region. The competition with traditional banks is quite intense and the credit unions feel to survive and thrive they must innovate.

There may already be some MYEC (imitators) or actual competitors operating in the region claiming 'real-time' payments etc.

I believe ultimately we are going to see MYEC shine and deliver on its capabilities whereas others who have or are 'making noise' will ultimately not be able to deliver.

I've had the personal experience of having colossal opportunity dashed by a lack of vision on the part of traditional banking. Should MYEC be making forays with forward-thinking credit unions it could only be a positive development IME.