CMC Financial Services is launching a full self-service check cashing kiosk utilizing cutting edge 3D facial recognition technology. The kiosk can cash checks, provide ATM services, pay bills, and offer money orders and prepaid debit cards. It aims to serve the underbanked population more conveniently than existing check cashing options. CMC is seeking $500,000 in funding to order initial kiosks and cover marketing, software, maintenance and operating costs during the planned 2012 soft launch. The funds would provide investors 30% equity in the growing check cashing kiosk company.
From plastic to secured bits. A mobile wallet for virtual cards on the mobil...Axel Nennker
Mobile wallets are not only for payments. Mobile wallets will only be successfull if they incorporate loyalty programs, coupons, keys, online identity. The APIs and data must be open. A mobile wallet is not owned by the wallet operator but by the wallet user.
This slide deck describes the architecture of the mobile wallet and the eco system the mobile wallet is embedded in.
This architecture was developed in a project of Telekom Innovation Laboratories.
The mobile wallet is
open to all cards/services.
Multiple cards for Identity, Payment, Loyalty, Coupons, …
Provide framework to support major “standards”.
User centric.
Privacy build-in.
Support mobile and web.
Open to all operators.
This document discusses a smart city payment solution developed by HashCash Consultants using blockchain technology. The solution allows customers to load funds onto a digital wallet and make instant payments for items like utilities, transport, parking, and entertainment tickets using NFC tags or QR codes. Transactions are recorded on the blockchain, providing transparency and ensuring trustless, auditable payments across different systems. The solution aims to facilitate secure, real-time digital payments for various smart city services.
Monet is an electronic payments processing company based in Karachi, Pakistan that was established in 2012 to provide electronic payment services for mobile, remote, and branchless banking. Monet operates as an outsourced payment processor with its own systems and infrastructure to provide transaction processing services for banks, financial institutions, telecommunications companies, and merchants. The company aims to provide greater financial access and inclusion, especially for underserved markets, by facilitating commerce for more consumer segments.
The document defines key terms related to mobile money including:
- Agent: A person or business that facilitates transactions for users such as cash-in/cash-out and registering new customers.
- Mobile money: A service where a mobile phone is used to access financial services.
- E-money: Stored value held in user, agent, and provider accounts, backed by bank deposits.
- Liquidity: An agent's ability to meet customer demands for cash-in/cash-out transactions, measured by their cash and e-money balances.
The document provides an overview of card payment evolutions, technologies, and business models, covering topics such as magnetic stripe cards, smart cards, contactless payments, QR payments, payment networks, and payment gateways. It also defines key terminology used in card payments and discusses how card payment processing works from authorization through clearing and settlement. The document is intended to serve as a high-level introduction to the card payment industry.
IOSR Journal of Computer Engineering (IOSR-JCE) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of computer engineering and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications in computer technology. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
As Fintech companies have flooded the scene and disrupted the financial industry, traditional banks have had to innovate in order to stay ahead of the pack. We bring to you the latest terms and innovations of the Banking Sector, through this presentation. Hope you find it useful.
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Acceptance & A...spirecorporate
Bank Andara is developing AndaraLink as a conceptual technology platform to facilitate microfinance through digital payments and financial services. AndaraLink aims to leverage mobile technology and partnerships to expand access to services like remittances, bill payments, and insurance to underserved communities. The platform will launch in phases, starting with cash transfers between microfinance institutions and expanding to mobile banking and ATM access over time. However, technical issues around network stability and coverage must still be addressed to ensure successful adoption of mobile financial services.
From plastic to secured bits. A mobile wallet for virtual cards on the mobil...Axel Nennker
Mobile wallets are not only for payments. Mobile wallets will only be successfull if they incorporate loyalty programs, coupons, keys, online identity. The APIs and data must be open. A mobile wallet is not owned by the wallet operator but by the wallet user.
This slide deck describes the architecture of the mobile wallet and the eco system the mobile wallet is embedded in.
This architecture was developed in a project of Telekom Innovation Laboratories.
The mobile wallet is
open to all cards/services.
Multiple cards for Identity, Payment, Loyalty, Coupons, …
Provide framework to support major “standards”.
User centric.
Privacy build-in.
Support mobile and web.
Open to all operators.
This document discusses a smart city payment solution developed by HashCash Consultants using blockchain technology. The solution allows customers to load funds onto a digital wallet and make instant payments for items like utilities, transport, parking, and entertainment tickets using NFC tags or QR codes. Transactions are recorded on the blockchain, providing transparency and ensuring trustless, auditable payments across different systems. The solution aims to facilitate secure, real-time digital payments for various smart city services.
Monet is an electronic payments processing company based in Karachi, Pakistan that was established in 2012 to provide electronic payment services for mobile, remote, and branchless banking. Monet operates as an outsourced payment processor with its own systems and infrastructure to provide transaction processing services for banks, financial institutions, telecommunications companies, and merchants. The company aims to provide greater financial access and inclusion, especially for underserved markets, by facilitating commerce for more consumer segments.
The document defines key terms related to mobile money including:
- Agent: A person or business that facilitates transactions for users such as cash-in/cash-out and registering new customers.
- Mobile money: A service where a mobile phone is used to access financial services.
- E-money: Stored value held in user, agent, and provider accounts, backed by bank deposits.
- Liquidity: An agent's ability to meet customer demands for cash-in/cash-out transactions, measured by their cash and e-money balances.
The document provides an overview of card payment evolutions, technologies, and business models, covering topics such as magnetic stripe cards, smart cards, contactless payments, QR payments, payment networks, and payment gateways. It also defines key terminology used in card payments and discusses how card payment processing works from authorization through clearing and settlement. The document is intended to serve as a high-level introduction to the card payment industry.
IOSR Journal of Computer Engineering (IOSR-JCE) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of computer engineering and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications in computer technology. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
As Fintech companies have flooded the scene and disrupted the financial industry, traditional banks have had to innovate in order to stay ahead of the pack. We bring to you the latest terms and innovations of the Banking Sector, through this presentation. Hope you find it useful.
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Acceptance & A...spirecorporate
Bank Andara is developing AndaraLink as a conceptual technology platform to facilitate microfinance through digital payments and financial services. AndaraLink aims to leverage mobile technology and partnerships to expand access to services like remittances, bill payments, and insurance to underserved communities. The platform will launch in phases, starting with cash transfers between microfinance institutions and expanding to mobile banking and ATM access over time. However, technical issues around network stability and coverage must still be addressed to ensure successful adoption of mobile financial services.
Consideration of a Mobile Payment System using Endorsement in MANETs for a Di...JuntaoGao
1) The document proposes an endorsement-based mobile payment system for disaster areas that allows transactions without an internet connection or access to bank accounts.
2) The system uses endorsements from other users to guarantee payment if the customer fails to pay. Endorsers pledge to pay for the customer's purchase.
3) Several schemes are proposed to prevent attacks like collusion between customers and endorsers or reset attacks. These include using e-coins tied to account balances, location monitoring through HELLO messages, and blind signature techniques.
V2PAY Group develops innovative mobile financial systems for payments, banking, telecommunications, and remittances. Their solutions include instant global money transfers via mobile/web platforms, prepaid mobile/data recharging, virtual debit cards, merchant services, electronic identity verification, and loan applications. V2PAY provides turnkey, compliant platforms as white label solutions to allow businesses to offer financial services under their own brands.
Mobile money applications are expanding financial access around the world and changing how people bank, send money, and pay for goods. There are opportunities to reach the billions who are unbanked or underserved, but also challenges around security, risk management, and ensuring proper regulation when dealing with money through mobile phones. Mobile money takes various forms like transferring directly from bank accounts, using companion accounts like PayPal, or debit/credit cards. Providers must implement know-your-customer verification, transaction monitoring, and other security practices to mitigate risks like fraud and money laundering that come with this new mobile financial system.
The document discusses the direct debit system, a payment method that allows customers to make regular payments automatically from their bank account without having to visit the bank each time. It describes the key participants in direct debit transactions, including the originator, sponsoring bank, payer, paying bank, and Central Bank of UAE. Additionally, it outlines the basic 7-step workflow process for direct debit payments.
The vast spreading of information in the last decade has led to great development in e-commerce. For instance, e-trade and e-bank are two main Internet services that implement e-transaction from anyplace in the world. This helps merchant and bank to ease the financial transaction process and to give user friendly services at any time. However, the cost of workers and communications falls down considerably while the cost of trusted authority and protecting information is increased. E-payment is now one of the most central research areas in e-commerce, mainly regarding online and offline payment scenarios. In this paper, we will discuss an important e-payment protocol namely Kim and Lee scheme examine its advantages and delimitations, which encourages the author to develop more efficient scheme that keeping all characteristics intact without concession of the security robustness of the protocol. The suggest protocol employs the idea of public key encryption scheme using the thought of hash chain. We will compare the proposed protocol with Kim and Lee protocol and demonstrate that the proposed protocol offers more security and efficiency, which makes the protocol workable for real world services.
This document discusses various electronic payment methods. It begins by outlining traditional payment methods like cash, checks, credit cards, and debit cards. It then examines the requirements for e-payment methods, including enabling honest payments while preventing fraud. Several e-payment options are described, such as credit/debit cards, digital currency, e-wallets, peer-to-peer payments, smart cards, and micro-payments. Challenges with each method are also outlined, for example the potential for perfect transaction copying and lack of privacy with some options. The document concludes by noting that business-to-business transactions currently see the fastest electronic payment growth.
Prathith Consultants
A Proprietary Concern established in 2010., engaged in Providing Technical Consultancy in the field of Rubber and Adhesive Tape Industry.
A qualified Rubber Technologist , with a rich Experience of over 43 years , in the field of Rubber industry ( 11 years ) , and Adhesive Tape manufacturing Industry and specialty coated products ( 32 years )
The document discusses the design of a mobile payment system using QR codes in Zimbabwe. It aims to provide a more secure and cost-effective alternative to current mobile payment methods like USSD, which have vulnerabilities. The proposed system has three parts: a QR code for identification, a Qpay Android app, and a payment server. The QR code would be scanned by the app to process encrypted payments via a HTTPS connection to the server. The system is designed to address security issues through authentication management, session management, certification management, and key management components. It is argued that QR code payments could provide a fast and simple bridge from physical goods to digital payments for micropayments, though mobile platform diversity poses challenges.
The document discusses digital payment systems and their security requirements. It outlines different digital payment models including prepaid cash-like systems and pay-now versus pay-later systems. The key security requirements for digital payments are integrity, privacy, and confidentiality. Both online and offline payment systems are discussed and compared, with the conclusion being that online payment systems provide advantages in terms of speed and accessibility. Secure digital payment technology already exists but must ensure security for all parties.
The document discusses various types of banking technology including mobile banking, telephone banking, internet banking, universal banking, home/office banking, electronic banking, automated teller machines (ATMs), white label ATMs, and cash deposit machines. Mobile banking allows banking on mobile phones, telephone banking uses automated voice systems, internet banking enables online banking, and universal banks offer diverse investment and banking services. Electronic banking refers to online transactions without a physical bank link. ATMs and white label ATMs (run by non-banks) allow account access via cards while cash deposit machines permit cash deposits without visiting a branch.
The document discusses various banking technologies used in modern banking operations, including automated teller machines (ATMs), core banking solutions, internet banking, mobile banking, telephone banking, electronic funds transfer systems, cheque truncation systems, and wide area networks. Key technologies covered include magnetic ink character recognition, optical character recognition, personal identification numbers, debit cards, credit cards, and electronic payment systems.
The document discusses the 3-D Secure protocol, which was created by Visa in 2001 to add security to online credit card transactions. It does this through an authentication step where the cardholder authenticates themselves with their card-issuing bank during the transaction. The protocol uses XML messages over SSL and a three-domain model including the issuer, acquirer, and interoperability domains. It provides advantages like reduced fraud and increased customer satisfaction but also has disadvantages like potential for phishing and incompatibility with some mobile browsers. Overall, the 3-D Secure protocol has become an industry standard despite some limitations.
This document provides definitions for common payment terms used in the payments industry. It defines key terms including acquirer, authorization, average transaction size, BIN, capture, cardholder, chargeback, credit card associations, interchange fee, merchant account, mobile payment, payment processor, POS, and transaction fee. Understanding these terms makes working with payment providers and understanding costs easier.
White paper-safe-secure-payments-master card-approach-usaCMR WORLD TECH
MasterCard has been innovating payment security solutions for nearly 50 years. They use a multi-layered approach to prevent fraud, including EMV chip cards, tokenization, monitoring of 1.8 billion transactions per month, and consumer protections like limited liability. Their goal is to build a world with safe payments for every person and device. In the rare case that fraud occurs, MasterCard aims to eliminate consumers' financial exposure.
Introducing CorkVSoft- Fintech. We are a joint venture between Cork Information Technology Bahrain and VSoft Corporation USA
Have a glimpse at our overview page to know about us or follow our linkedin / webpage to know about our offerings
The document describes the Interbank Mobile Payment Service (IMPS) which allows instant interbank fund transfers between registered bank accounts 24/7 using mobile phones. Key features include no sharing of bank details, credit/debit confirmations, and simple/secure transactions. IMPS transactions can be initiated using the payee's mobile number, MMID, or account details. Transactions are routed through NPCI and processed immediately, with SMS notifications sent. Transaction limits and fees are set according to RBI guidelines. Participating banks offer the IMPS service to their customers.
Mobile banking allows consumers to make deposits and withdrawals through their smartphones. Deposits can be made by taking photos of checks for mobile deposit. Withdrawals include bill payment and virtual wallets. Business owners can also use mobile banking through apps like Chase Jot to categorize expenses, integrate reports with accounting software, and receive text prompts to manage their business on the go.
To be hired to assist the supervisor.
Chefs: 2 experienced chefs to be hired to develop menu items and
oversee food preparation.
Wait Staff: Initially plan to hire 6 wait staff to handle lunch and
dinner shifts.
Host/Cashier: 1 host/cashier to greet customers and handle
payments.
Janitorial: Contract cleaning services.
Accountant: Part-time accountant for bookkeeping and financial
reporting.
Marketing Plan
Website Development
Social Media Marketing
Print Advertising
Tanya Fernandes used to send money to her family in Cape Verde through Western Union, which charged high fees. A family member told her about a remittance program at Citizens Bank that allows sending any amount of money for only $10. She discovered she could also open savings accounts. The establishment of low-cost remittance programs by banks is attracting immigrant populations to use mainstream financial services rather than alternative providers that charge high fees but don't offer savings tools. Citizens Bank's program partners with banks in Cape Verde to allow fast money transfers with much lower fees than Western Union.
Simon Property Group, LLC Prepaid Gift Solutionssimone1226
The Rewardcard & Simon Programs give you a choice between American Express and Visa. The American Express Rewardcard and American Express Simon Giftcard can be used virtually anywhere the American Express card is accepted in the U.S. (except cruise lines and casinos). Visa Rewardcards can be used anywhere Visa debit cards are accepted in the world. All three cards are welcome at any Simon mall.
Consideration of a Mobile Payment System using Endorsement in MANETs for a Di...JuntaoGao
1) The document proposes an endorsement-based mobile payment system for disaster areas that allows transactions without an internet connection or access to bank accounts.
2) The system uses endorsements from other users to guarantee payment if the customer fails to pay. Endorsers pledge to pay for the customer's purchase.
3) Several schemes are proposed to prevent attacks like collusion between customers and endorsers or reset attacks. These include using e-coins tied to account balances, location monitoring through HELLO messages, and blind signature techniques.
V2PAY Group develops innovative mobile financial systems for payments, banking, telecommunications, and remittances. Their solutions include instant global money transfers via mobile/web platforms, prepaid mobile/data recharging, virtual debit cards, merchant services, electronic identity verification, and loan applications. V2PAY provides turnkey, compliant platforms as white label solutions to allow businesses to offer financial services under their own brands.
Mobile money applications are expanding financial access around the world and changing how people bank, send money, and pay for goods. There are opportunities to reach the billions who are unbanked or underserved, but also challenges around security, risk management, and ensuring proper regulation when dealing with money through mobile phones. Mobile money takes various forms like transferring directly from bank accounts, using companion accounts like PayPal, or debit/credit cards. Providers must implement know-your-customer verification, transaction monitoring, and other security practices to mitigate risks like fraud and money laundering that come with this new mobile financial system.
The document discusses the direct debit system, a payment method that allows customers to make regular payments automatically from their bank account without having to visit the bank each time. It describes the key participants in direct debit transactions, including the originator, sponsoring bank, payer, paying bank, and Central Bank of UAE. Additionally, it outlines the basic 7-step workflow process for direct debit payments.
The vast spreading of information in the last decade has led to great development in e-commerce. For instance, e-trade and e-bank are two main Internet services that implement e-transaction from anyplace in the world. This helps merchant and bank to ease the financial transaction process and to give user friendly services at any time. However, the cost of workers and communications falls down considerably while the cost of trusted authority and protecting information is increased. E-payment is now one of the most central research areas in e-commerce, mainly regarding online and offline payment scenarios. In this paper, we will discuss an important e-payment protocol namely Kim and Lee scheme examine its advantages and delimitations, which encourages the author to develop more efficient scheme that keeping all characteristics intact without concession of the security robustness of the protocol. The suggest protocol employs the idea of public key encryption scheme using the thought of hash chain. We will compare the proposed protocol with Kim and Lee protocol and demonstrate that the proposed protocol offers more security and efficiency, which makes the protocol workable for real world services.
This document discusses various electronic payment methods. It begins by outlining traditional payment methods like cash, checks, credit cards, and debit cards. It then examines the requirements for e-payment methods, including enabling honest payments while preventing fraud. Several e-payment options are described, such as credit/debit cards, digital currency, e-wallets, peer-to-peer payments, smart cards, and micro-payments. Challenges with each method are also outlined, for example the potential for perfect transaction copying and lack of privacy with some options. The document concludes by noting that business-to-business transactions currently see the fastest electronic payment growth.
Prathith Consultants
A Proprietary Concern established in 2010., engaged in Providing Technical Consultancy in the field of Rubber and Adhesive Tape Industry.
A qualified Rubber Technologist , with a rich Experience of over 43 years , in the field of Rubber industry ( 11 years ) , and Adhesive Tape manufacturing Industry and specialty coated products ( 32 years )
The document discusses the design of a mobile payment system using QR codes in Zimbabwe. It aims to provide a more secure and cost-effective alternative to current mobile payment methods like USSD, which have vulnerabilities. The proposed system has three parts: a QR code for identification, a Qpay Android app, and a payment server. The QR code would be scanned by the app to process encrypted payments via a HTTPS connection to the server. The system is designed to address security issues through authentication management, session management, certification management, and key management components. It is argued that QR code payments could provide a fast and simple bridge from physical goods to digital payments for micropayments, though mobile platform diversity poses challenges.
The document discusses digital payment systems and their security requirements. It outlines different digital payment models including prepaid cash-like systems and pay-now versus pay-later systems. The key security requirements for digital payments are integrity, privacy, and confidentiality. Both online and offline payment systems are discussed and compared, with the conclusion being that online payment systems provide advantages in terms of speed and accessibility. Secure digital payment technology already exists but must ensure security for all parties.
The document discusses various types of banking technology including mobile banking, telephone banking, internet banking, universal banking, home/office banking, electronic banking, automated teller machines (ATMs), white label ATMs, and cash deposit machines. Mobile banking allows banking on mobile phones, telephone banking uses automated voice systems, internet banking enables online banking, and universal banks offer diverse investment and banking services. Electronic banking refers to online transactions without a physical bank link. ATMs and white label ATMs (run by non-banks) allow account access via cards while cash deposit machines permit cash deposits without visiting a branch.
The document discusses various banking technologies used in modern banking operations, including automated teller machines (ATMs), core banking solutions, internet banking, mobile banking, telephone banking, electronic funds transfer systems, cheque truncation systems, and wide area networks. Key technologies covered include magnetic ink character recognition, optical character recognition, personal identification numbers, debit cards, credit cards, and electronic payment systems.
The document discusses the 3-D Secure protocol, which was created by Visa in 2001 to add security to online credit card transactions. It does this through an authentication step where the cardholder authenticates themselves with their card-issuing bank during the transaction. The protocol uses XML messages over SSL and a three-domain model including the issuer, acquirer, and interoperability domains. It provides advantages like reduced fraud and increased customer satisfaction but also has disadvantages like potential for phishing and incompatibility with some mobile browsers. Overall, the 3-D Secure protocol has become an industry standard despite some limitations.
This document provides definitions for common payment terms used in the payments industry. It defines key terms including acquirer, authorization, average transaction size, BIN, capture, cardholder, chargeback, credit card associations, interchange fee, merchant account, mobile payment, payment processor, POS, and transaction fee. Understanding these terms makes working with payment providers and understanding costs easier.
White paper-safe-secure-payments-master card-approach-usaCMR WORLD TECH
MasterCard has been innovating payment security solutions for nearly 50 years. They use a multi-layered approach to prevent fraud, including EMV chip cards, tokenization, monitoring of 1.8 billion transactions per month, and consumer protections like limited liability. Their goal is to build a world with safe payments for every person and device. In the rare case that fraud occurs, MasterCard aims to eliminate consumers' financial exposure.
Introducing CorkVSoft- Fintech. We are a joint venture between Cork Information Technology Bahrain and VSoft Corporation USA
Have a glimpse at our overview page to know about us or follow our linkedin / webpage to know about our offerings
The document describes the Interbank Mobile Payment Service (IMPS) which allows instant interbank fund transfers between registered bank accounts 24/7 using mobile phones. Key features include no sharing of bank details, credit/debit confirmations, and simple/secure transactions. IMPS transactions can be initiated using the payee's mobile number, MMID, or account details. Transactions are routed through NPCI and processed immediately, with SMS notifications sent. Transaction limits and fees are set according to RBI guidelines. Participating banks offer the IMPS service to their customers.
Mobile banking allows consumers to make deposits and withdrawals through their smartphones. Deposits can be made by taking photos of checks for mobile deposit. Withdrawals include bill payment and virtual wallets. Business owners can also use mobile banking through apps like Chase Jot to categorize expenses, integrate reports with accounting software, and receive text prompts to manage their business on the go.
To be hired to assist the supervisor.
Chefs: 2 experienced chefs to be hired to develop menu items and
oversee food preparation.
Wait Staff: Initially plan to hire 6 wait staff to handle lunch and
dinner shifts.
Host/Cashier: 1 host/cashier to greet customers and handle
payments.
Janitorial: Contract cleaning services.
Accountant: Part-time accountant for bookkeeping and financial
reporting.
Marketing Plan
Website Development
Social Media Marketing
Print Advertising
Tanya Fernandes used to send money to her family in Cape Verde through Western Union, which charged high fees. A family member told her about a remittance program at Citizens Bank that allows sending any amount of money for only $10. She discovered she could also open savings accounts. The establishment of low-cost remittance programs by banks is attracting immigrant populations to use mainstream financial services rather than alternative providers that charge high fees but don't offer savings tools. Citizens Bank's program partners with banks in Cape Verde to allow fast money transfers with much lower fees than Western Union.
Simon Property Group, LLC Prepaid Gift Solutionssimone1226
The Rewardcard & Simon Programs give you a choice between American Express and Visa. The American Express Rewardcard and American Express Simon Giftcard can be used virtually anywhere the American Express card is accepted in the U.S. (except cruise lines and casinos). Visa Rewardcards can be used anywhere Visa debit cards are accepted in the world. All three cards are welcome at any Simon mall.
InteliSpend Prepaid Solutions Products and ServicesVenita House
InteliSpend provides prepaid card solutions for businesses through its Prepaid for Business program. It has the deepest product platform in the market, allowing it to create highly customized solutions for clients' unique needs and challenges. Key benefits include DirectSpend technology that allows controlling where cards can be redeemed and top-tier program management. InteliSpend solutions range from rewards and incentives to payments processing.
The document discusses prepaid mobile services for corporate customers offered by TMN Portugal. It outlines TMN's non-exclusivity principle of allowing all customers access to prepaid services. Different prepaid plans like Mimo, Spot and Taco are described as targeting different customer groups and being attractive options for certain types of corporate customers. The document also briefly discusses roaming and direct debit payment schemes for corporate prepaid accounts.
This business proposal from Yahya Technologies presents their approach and costs for developing a recharge and travel software. They will design a compelling and user-friendly web presence backed by a secure system. Key features of the software will include flight, hotel, and bus booking integrated with various APIs, payment gateways, and SMS notifications. The proposal also includes pricing and terms for mobile recharge software and APIs to power recharge transactions. Development costs are broken into 40% advance, 30% on setup, and 30% after 15 days of setup.
This document provides an overview of interactive self-service kiosks and considerations for their deployment. It discusses defining goals, understanding value propositions, relevant technologies, research on customer preferences, and ensuring success through an integrated marketing solution that considers customers, employees, sustainability and differentiation. The key is to start with a thorough needs assessment and business plan focused on objectives.
ATM\'s and Kiosks are extremely beneficial for business automation for Banks, Insurance companies and other businesses. Our kiosk solutions are customizable and can be outfitted with the most sophisticated technologies to support business efficiency.
Tablet Kiosks in Healthcare: Increase Patient Care SystemsimageHOLDERS
imageHOLDERS secure and durable tablet kiosks have been designed for healthcare environment, upholding strict guidelines and infection control compliance. Create a environment full of support for patients and staff with tablet enclosures.
February 6, 2014 presentation to Community Bankers Association of Georgia's BSA Officer's School covering Money Services Businesses (MSBs), Bank Secrecy Act / Anti-Money Laundering (BSA/AML), Office of Foreign Asset Control (OFAC), and operational considerations.
MoneyLine Banking Systems is a French company created in 1988 with over 40 employees specializing in self-service banking solutions. They have expertise in consulting, software development, kiosk manufacturing, and customer support. As the leader in self-service check deposit kiosks in France with 80% market share, they provide solutions for both banks and retailers, including payment kiosks, cash deposit kiosks, bill payment kiosks, and banking services kiosks. MoneyLine works with partners to provide studies, design innovative solutions, and offer software, hardware maintenance, and training to customers.
BPI, the oldest and largest bank in the Philippines, is launching a new online prepaid credit card called My E-prepaid to encourage more online shopping and transactions among Filipinos. My E-prepaid can be reloaded through various BPI channels and used to shop at MasterCard affiliated online stores worldwide. BPI aims to revolutionize online shopping in the Philippines through a three-phase campaign involving online application for the card, using the card for online purchases, and fully integrating the card onto BPI's main website.
This document discusses retail self-service kiosks. It defines kiosks as freestanding, interactive multimedia systems that provide information or enable transactions without staff assistance. The kiosk market grew 9.3% annually from 2009 to $740.4 million in 2014 as postponed 2009 projects revived in 2010. New technologies like mobile apps and iPads are seen as opportunities rather than threats. Product vending and loyalty programs are growing applications, while biometrics and sensors show promise but little demand currently. The document analyzes kiosk trends, technologies, applications and market segments.
This document provides an investor proposal from Bolocan Sergiu, a franchisee of Dodo Pizza in Romania since 2014. It summarizes his experience opening two Dodo Pizza locations in Brasov, Romania, and the success they have found. It outlines plans to expand to three new cities in 2017 - Bucharest, Sibiu, and Ploiesti - with estimated investment values between $80,000-$400,000. The proposal details an investor partnership structure with guaranteed 12% annual returns paid monthly or as a percentage of sales. Financial projections for an existing location in Brasov show returns ranging from 12-20% per month. The proposal seeks one or more investors to aid the expansion of Dodo Pizza
Explore the Top 15 Payment Kiosk Projects by Kiosk Innova. The Top 15 Payment Kiosk Projects include tax payment kiosks, top-up kiosks, ticket sales kiosks, utility bill bayment kiosks, e-stamping kiosks, banking kiosks and loan applications kiosks. These self-service payment kiosks are ideal for both indoors and outdoors. For all Payment Kiosk Case Studies, please visit our website: www.innova.com.tr/kiosk/payment-kiosk/
This document outlines a business plan for a pure vegetable dehydration and pickle farm. The farm will purchase vegetables during peak seasons at low prices and dehydrate them to sell year-round. It will also produce various vegetable pickles. The plan details the production processes, products, marketing strategy, organizational structure, financial projections, and SWOT analysis. The financial projections estimate annual revenues of over 1.4 million and profits of over 400 thousand in the first year.
Blockchain's impact on insurance industryEudore Pirmez
This document discusses how blockchain could transform the insurance industry by allowing for more efficient data sharing and automated processes. It describes the key activities currently performed by insurance companies, such as data collection, underwriting, policy issuance, billing and payments, and claims management. It then outlines how blockchain could enable a shared, immutable record of customer and claims data, smart contracts to automate processes, and new peer-to-peer insurance models between customers. The document uses Allianz as an example and analyzes how each insurance activity may be impacted by these blockchain applications.
This document discusses how blockchain could transform the insurance industry by allowing for more efficient data sharing and automated processes. It describes the key activities of an insurance company and how each could be improved with blockchain. For example, blockchain could create a shared data registry so that customer and asset data only needs to be entered once rather than re-entered for each party. This would reduce errors and fraud. Smart contracts could also automate claims processing and payments. The document considers how new blockchain-based insurance models like peer-to-peer or parametric insurance could disrupt traditional insurers if they do not adapt.
Digits aims to turn any credit or debit card into a cryptocurrency card. Their technology would allow users to pay for purchases using cryptocurrency through existing credit/debit card networks, without merchants needing to implement new technology. This could increase crypto adoption and liquidity while providing an easy way for merchants to accept cryptocurrency like they do regular credit/debit cards. Digits would generate revenue through merchant processing fees, merchant software platform fees, and user fees charged on crypto transactions. They have a team of experienced founders and advisors in fintech and cryptocurrency and a development roadmap to launch a beta version in 2018.
The document discusses how blockchain can help overcome challenges in the insurance industry such as errors, fraud, lack of trust and complexity. It outlines issues like claims processing delays, customer onboarding difficulties, and lack of transparency. The summary then explains how blockchain solutions utilizing areas like smart contracts, distributed ledgers, and cryptography can streamline insurance processes, reduce costs and fraud, and increase trust and efficiency.
This document summarizes a pitch deck for Cryptogram, a cryptocurrency exchange looking to expand its services to enable fiat currency transactions. It provides an overview of Cryptogram's mission, services, 15 employees, 26 supported currencies, 100k+ users, and $2M in daily trading volume. It highlights Cryptogram's simplified user experience, regulatory compliance protocols, and global partnerships. Financial projections estimate $1.8M in revenue the first year growing to $45.6M in revenue and $36.2M in EBITDA by the third year of enabling fiat transactions. The exchange currently has 10,000 pre-verified users and averages 4,000 bank transfers valued at $3M incoming and 1,
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Private Placement Program Trading
STRUCTURING, SETUP, DUE DILIGENCE AND FRAUD PROTECTION
As an experienced team of economists, lawyers and bankers specialized in the financial sector, De Micco & Friends is one of a small number of law firms which provide qualified assistance and consulting in Private Placement Programs (PPP). More than twenty years of experience in private and public financial transactions makes the group a good partner for investors, institutions and banks.
The document discusses iSignthis and its digital identity verification solutions. It includes sections on:
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- Their payment authentication solution which helps payment services providers satisfy strong customer authentication regulations like PSD2 through a single integration.
- Contact information for iSignthis and details on their stock exchange listing and social media profiles.
The document promotes iSignthis's identity verification products and services for online fraud prevention, payment authentication, and anti-money laundering compliance.
The document discusses various banking products and services offered to corporate and retail customers. It describes two main types of banking products - fee based services and fund based services. Fee based services do not require investment from the bank and include services like cash management, foreign exchange, credit ratings, and online bill payments. Fund based services require bank investment through loans and credit facilities for working capital, exports, imports and term lending. Both corporate and retail customers are provided with an array of fee and fund based banking products customized to their needs.
1) The document discusses personal financial management (PFM) tools and account aggregation solutions, comparing client-side and server-side models. Client-side models keep customers' financial data private on their own devices while server-side models store data on third-party servers.
2) Implementing a PFM solution can increase customer loyalty and engagement for banks by providing a comprehensive view of customers' finances. This helps increase cross-selling of products and services.
3) PFM solutions benefit both customers and banks by helping customers better manage their money, save goals, and improve financial habits. For banks, PFM increases loyalty, cross-selling, and digital engagement at lower costs than other channels.
This document provides an overview of the Debt Restructure USA program. The program connects debtors, creditors, and debt buyers through an online platform. Debtors can get debts restructured by having debt buyers purchase debts from creditors for lump sums, while debtors pay the debt buyers back over time at a reduced rate. The program also offers legal protection, credit repair, and bankruptcy services to help consumers deal with debt issues. Affiliates can earn commissions by enrolling customers and having their payments deposited directly.
Mobile money services deliver a host of services that enable banked and unbanked consumers to save, borrow, transfer and spend money using their mobile. Providing a range of seamless financial services, arriving from the concept of e-banking and branchless banking, mobile money has immensely grown to become a viable alternative to cash.
Read more: http://www.mahindracomviva.com/products/mobile_financial_solutions/mobiquity-money.htm
Treds- a facilitating step towards financial Inclusion. M1xchange
Trade Receivables Discounting System (TReDS) is an initiative of Reserve Bank of India (RBI) to facilitate MSME receivable payments from Corporates.
https://www.m1xchange.com/
Reduce Operational Cost by Trade Receivables Discounting SystemsM1xchange
The bill discounting process starts when the MSME Supplier raises the invoice and the Buyer validates the same. This permits the financiers which are the Banks or the Factoring Companies to bid against the verified invoice. Once the supplier accepts the bid, the payment is processed in T+1 day, where T is the day of transaction. This process gives flexibility to the Suppliers to choose the best financier on financing cost.
Mynd Offers you Trade Receivable Discounting System for small scale players to avail funds at cheaper rate through banking and factoring companies.
1) The document discusses personal financial management (PFM) tools that allow bank customers to better manage their finances by aggregating all their financial accounts and transactions in one place.
2) PFM tools provide key features like automatic transaction categorization, spending analysis, cash flow forecasting, budgeting, goals, alerts and notifications to help users better manage their money.
3) There are two types of account aggregation models - server-side where data is stored on a third party server, and client-side where data remains private on the user's device. Client-side is preferred for data privacy and security.
The financing of the international trade of goods — and the underwriting thereof — implicate a many-staged process of manufacture, storage, movement, delivery, inspection, and vending. The parties involved are many. The documentation of rights and responsibilities used to fill a small library of paper, and now involves paper, electronic communication, and some digital information transfer. Many points of delay and potential contention persist. Can blockchain clean this up? What other technological developments are reshaping trade finance?
Part of the webinar series: Blockchain Basics 2021
See more at https://www.financialpoise.com/webinars/
The financing of the international trade of goods — and the underwriting thereof — implicate a many-staged process of manufacture, storage, movement, delivery, inspection, and vending. The parties involved are many. The documentation of rights and responsibilities used to fill a small library of paper, and now involves paper, electronic communication, and some digital information transfer. Many points of delay and potential contention persist. Can blockchain clean this up? What other technological developments are reshaping trade finance?
Part of the webinar series: Blockchain Basics 2022
See more at https://www.financialpoise.com/webinars/
Just a short writeup on my thoughts about how blockchain technology is going to have impact on lending/credit domain in medium to long term.
Kindly email me -vinkar.shan@gmail.com or Call on +91-7032409664 for any queries.
1. 2012 Launch of the Cash-My-Check Full Self-Serve Check Cashing Kiosk
INVESTOR PROPOSAL
2. Non-Disclosure Agreement
This Nondisclosure Agreement (the "Agreement") is entered into by and between _______________ with its principal offices at _______________,
("Disclosing Party") and _______________, located at _______________ ("Receiving Party") for the purpose of preventing the unauthorized
disclosure of Confidential Information as defined below. The parties agree to enter into a confidential relationship with respect to the disclosure of
certain proprietary and confidential information ("Confidential Information").
1. Definition of Confidential Information. For purposes of this Agreement, "Confidential Information" shall include all information or material that
has or could have commercial value or other utility in the business in which Disclosing Party is engaged. If Confidential Information is in written
form, the Disclosing Party shall label or stamp the materials with the word "Confidential" or some similar warning. If Confidential Information is
transmitted orally, the Disclosing Party shall promptly provide a writing indicating that such oral communication constituted Confidential
Information.
2. Exclusions from Confidential Information. Receiving Party's obligations under this Agreement do not extend to information that is: (a) publicly
known at the time of disclosure or subsequently becomes publicly known through no fault of the Receiving Party; (b) discovered or created by the
Receiving Party before disclosure by Disclosing Party; (c) learned by the Receiving Party through legitimate means other than from the Disclosing
Party or Disclosing Party's representatives; or (d) is disclosed by Receiving Party with Disclosing Party's prior written approval.
3. Obligations of Receiving Party. Receiving Party shall hold and maintain the Confidential Information in strictest confidence for the sole and
exclusive benefit of the Disclosing Party. Receiving Party shall carefully restrict access to Confidential Information to employees, contractors and
third parties as is reasonably required and shall require those persons to sign nondisclosure restrictions at least as protective as those in this
Agreement. Receiving Party shall not, without prior written approval of Disclosing Party, use for Receiving Party's own benefit, publish, copy, or
otherwise disclose to others, or permit the use by others for their benefit or to the detriment of Disclosing Party, any Confidential Information.
Receiving Party shall return to Disclosing Party any and all records, notes, and other written, printed, or tangible materials in its possession
pertaining to Confidential Information immediately if Disclosing Party requests it in writing.
4. Time Periods. The nondisclosure provisions of this Agreement shall survive the termination of this Agreement and Receiving Party's duty to
hold Confidential Information in confidence shall remain in effect until the Confidential Information no longer qualifies as a trade secret or until
Disclosing Party sends Receiving Party written notice releasing Receiving Party from this Agreement, whichever occurs first.
5. Relationships. Nothing contained in this Agreement shall be deemed to constitute either party a partner, joint venturer or employee of the other
party for any purpose.
6. Severability. If a court finds any provision of this Agreement invalid or unenforceable, the remainder of this Agreement shall be interpreted so as
best to effect the intent of the parties.
7. Integration. This Agreement expresses the complete understanding of the parties with respect to the subject matter and supersedes all prior
proposals, agreements, representations and understandings. This Agreement may not be amended except in a writing signed by both parties.
8. Waiver. The failure to exercise any right provided in this Agreement shall not be a waiver of prior or subsequent rights.
This Agreement and each party's obligations shall be binding on the representatives, assigns and successors of such party.
3. CMC Financial Services is an industry leader in Check Cashing/Financial Services. CMC Financial
Service’s check cashing service is a convenient and an easy source of transaction for all individuals, who
are unable to use traditional banking for any reason. CMC Financial Services have targeted the Unbanked
and Under-banked population. Our competitive advantage stems from a variety of financial products and
services such as: ATM, Check Cashing, Wire Transfer, Bill Pay and Money Order all in a kiosk, “NO
EMPLOYEES”, “NO OVERHEAD” and “LOWER INSURANCE PREMIUMS”
CMC Card Features:
Customers takes a picture of their check and pay their bills with their CMC Card it will post to the
customer’s account in “REAL” time not 2 days later. The remote check deposit feature has a Trademark
pending the phrase: “Point…Click…Deposit” and the bill payment phrase “Point…Click…Pay”. The
difference between our products and services and other companies providing similar services are: their
products and services are catered to the “Banked” and Cash-My-Check and CMC Card targets the Un-
Banked and Under-Banked population.
CMC Kiosk has patent pending technology which entails: Webcam, Biometric Finger Scanner, 3D Facial
Recognition and Signature Verification. The 3D Facial Recognition first gets an image of the person's
face (it has a heat sensory to verify that it is a human being not a piece of paper), the face has to cross
match the face that is in front of the kiosk to the face on the driver's license, signature has to match
signature on back of the check and driver's license and lastly the fingerprint must not appear in our
database and it must match the biometric on their license.
Our CMC Card will be the first prepaid debit card that has mobile remote check deposit and bill pay.
CMC Financial Services is seeking $500,000 in return for 30% equity in the company. The funds
will be used for ordering 6 kiosks, marketing, software, maintenance, implementation
and operation costs.
Investor Letter
4. Introduction
Norcross, GA (October 22, 2010) – Cash-My-Check, Inc. “aka”
(“CMC Financial”), the nationwide leader in full service check
cashing, check-to-card, and check guarantee solutions. CMC
Financial Services have launched the first full self-service check
cashing kiosk in the market capable of cashing any type of check
utilizing our new cutting edge technology-3-D Facial Recognition.
The total time from start to finish when a customer enters our kiosk is
72 seconds for the first time registering and 27 seconds then after.
CMC Financial Services is Bata testing and launching a soft launch of
our kiosk in the first quarter of 2012.
5. About the Kiosk
Cash-My-Check (CMC) is an
automated check cashing
machine with the capabilities of
check cashing, ATM, bill
payment and electronic money
order.
Cash-My-Check (CMC) is a
self service check cashing
machine that provides real-time
check verification for payroll,
corporate and government
checks.
This Kiosk 100% self service!
“NO EMPLOYEE’S needed.
7. About CMC Financial
CMC Financial Services has created a
kiosk that can do it all: ATM, Check
Cashing, bill pay, send and receive
money, dispense money orders as well
as purchase and load a Prepaid Debit
MasterCard – and do it all in few
seconds with a simple easy customer
experience. CMC Financial Services
has partnered with several apartment
communities, hotels, car dealership and
mortgage companies to promote client
retention and convenience to its
customers.
Consumers will be able to pay any bill (Rent,
Mortgage, Car Note, Insurance and much
more) tight from the kiosk. We have been able
to leverage our extensive experience in kiosk
based money transfer and bill pay, and Cash-
My-Check’s check cashing technology to
finally provide the solution everyone has been
asking for. Now as a retailer or financial
service provider you no longer need a fully
staffed money center to meet all the financial
needs of the 100+ Million and growing under-
banked market. You can now leverage
technology to economically offer the best
services available, open all of the hours your
location is open, giving your customers a faster,
easier and simpler experience.”
8. About Cash-My-Check
CASH-MY-CHECK® is a Technology
Enabled Business Process Outsourcer
(BPO) that provides its clients with
solutions for truly serving the nation’s
under-banked population now
estimated to be almost 100 million
people. The gating factor for these
consumers is their need to change all
types of checks into cash or value.
Cash-My-Check’s flagship product enables any
business to convert ALL types of checks to
cash or to guarantee value loads onto Prepaid
Cards or other prepaid products. The solution
combines multiple national databases, rules
engines, and proprietary technology with
redundant 24/7 risk management centers.
Cash-My-Check’s risk centers are staffed with
experts at check cashing and check fraud and
can intervene in minutes to enable clients to
successfully serve all consumers with all forms
of identification cashing or loading all types of
checks.
9. Target Market
The “Un-Banked”
Statistics
An estimated 28 million people in the
U.S. don’t have bank accounts — often
because of mistrust, cultural and
language barriers or a belief that by the
time the bills are paid nothing will be
left for an account. About 44 million
are considered “under-banked,” having
an account but tending to rely on
nonbank service providers, according
to the FDIC.
Unbanked people, many of whom are African
Americans, Hispanics or immigrants, often turn
to high-cost check cashers or payday lenders
that can put them into a cycle of indebtedness,
regulators and consumer advocates say.
The survey showed that “more can be done to
reach out to this significant market,” FDIC
Vice Chairman Martin Gruenberg said in a
statement. “Government and industry need to
work together to increase these individuals’
access to the mainstream banking system.”
10. Cutting Edge Technology
Cash-My-Check, Inc. (“CASH-MY-CHECK”),
the nationwide leader in full service check
cashing, check-to-card and check guarantee
solutions.
CMC Financial Services will launched a full
self-service check cashing kiosk in the market
capable of cashing any type of check utilizing
our new cutting edge technology-3-D Facial
Recognition
11. Facts on the Check Cashing
Industry
Over 30 million people cash checks
annually. Customers are typically blue- and
white collar workers involved in retail and
service industries such as restaurants,
hotels, auto repair, landscaping, daycare
and line manufacturing.
Twenty-nine percent of the 12 million
households that rely on fringe lending are
Hispanic and one-third are African American.
The numbers certainly show the so called "un-
banked" are rapidly becoming forces to be
reckoned with - they generate $78 billion in
gross revenue and $5.5 billion in fees each
year.
Check cashers, payday lender, pawnshops, rent-
to-own stores and related institutions now
engage in at least 280 million transactions
annually.
12. Kiosk Placement
CMC Financial Services is now
placing orders for our 2012 soft launch
program. Many companies are seeing
significant demand both among their
existing client base and in new
markets.
CMC Financial Services mission is to provide
the un-banked, under-banked and underserved
population with the same financial services as a
traditional bank. For that to happen, the core
service for this consumer, check cashing, had to
be fully available at the self-service kiosk. We
think what we have built with CMC Financial
Services breaks all previous barriers and will
set the standard for future devices. This will
enable our clients to expand their reach and
availability in a more cost effective way.”
13. Kiosk Simplicity
CMC Financial Services wanted to
give its customers value-added services
without compromising the safety of the
consumer.
Cash-My-Check and CMC Financial Services
have developed a kiosk-based solution which
has succeeded in maintaining CMC Financial
Services trademark user simplicity while
adding Cash-My-Check’s trademark approval
rates on all checks and IDs by still
implementing a sense of safety with our unique
and proprietary hardware and software.
17. Kiosk Specifications
System Control
• Intel® Pentium®-IV processor
• Microsoft® Windows® XP platform
• Optional 12.1" TFT LCD
Communication
• TCP/IP (SSL configurable) or Dial-up
Application Software
• NDC+
• DDC912
Customer Display
• 15" TFT LCD
• Optional sunlight viewable
• Optional touch screen
Input Type
• 4 x 2 function keys
• PCI EPP (Encrypting PIN pad)
• ADA compliant
Card Handling
• Dip-type card reader
• Optional IC card reader, EMV Level 1, 2
Printers
• 3.1" graphical thermal receipt printer
• Electronic journal
Security
• UL291 business hour safe
• Standard electronic safe lock
• Security camera
• Optional KABA Mas Cencon safe lock
Miscellaneous
• Guide lights
• Optional high-brightness topper
Power Supply
• AC 110–230V, 50–60 Hz
• Back-up battery
(last transaction and shut-down)
Operating Environment
• Temperature: 32ºF–104ºF
• Humidity: 25%–85%
Dimension and Weight
• Height: 51.2" (1,060 mm)
• Width: 16.1" (410 mm)
• Depth: 22.8" (580 mm)
• Weight: 265 lbs (120 kg)
Cash Dispensing
• 2,000-note cassette
• Up to three cassettes (6,000 notes)
18. Executive
Summary
CMC Financial Services, Inc. is incorporated to cater to the low-income,
un-privileged, under-banked, under-served and the un-banked
population, nationwide.
Studies have revealed that by 2010, the U.S.A kiosk sector is expected to
reach a worth of around $ 1200 billion. This sector was worth $548
billion in the year 2007. This reveals the growth potential of this sector,
which would grow over 100% in just a span of five years. Similar are the
findings of another study, which has revealed the self-service kiosk
transactions to exceed $607 billion in the year 2008 in the U.S.A and
Canada. These transactions exceeded $1.7 trillion by the year 2010.
50 million individuals across the U.S.A utilize the alternative financial
services and more than 180 million checks are cashed via the cash-
checking locations.
Our service shall stand out from the rest, because we are introducing
the service feature of facial recognition as a form of person verification.
19. Marketing
Opportunities
There are many opportunities in the market for Cash-My-Check in
the market, such as:
After the recession, many consumers have gone bankrupt and have
credit issues with his banks. These consumers are now heading for
alternative financial services instead of traditional banking process to
cash his checks or other financial instruments. This creates a great
opportunity for check cashing services like us to benefit from.
Other opportunities are that consumers are now more and more
shifting towards ease, convenience and prefer services, which offer
ease and are swift. So, our service will allow them access to cash
their checks, other Instruments and pay their bills any time, with
ease.
20. Branding
We will project Cash-My-Check as a brand, which will offer innovative
idea of check cashing through self-service kiosks through out the United
States. W e will position ourselves as the topnotch service provider
offering multiple services including: check cashing, money orders, bill
payment, etc.
21. Marketing Objectives
Our primary objectives are: The opportunity to focus on operations and
service, while still achieving sales objectives and service metrics:
Installation of thirty- five kiosks by the end of 2012
Reach 40 new customers a month for the first 12 months Develop
a word-of-mouth reputation
Achieve first year revenues of $2,364,839 in terms of checks cashed.
Financial Objectives: Secure financing to implement our plans and gain
enough profits to satisfy our investors and employees. CMC Financial
Services will generate maximum revenue by offering multiple
products/services to diversified segments.
22. Exit Strategy
The investors that provide the capital that is the subject of this
document will have several exit opportunities available to them.
Management believes that the most likely exit will come from the sale
of the Company or licensing of its intellectual property to one of its
strategic partners or to another enterprise. Other alternatives that
would create a liquidity event for the investors might include a buy
back of the outstanding shares using cash on the Company’s balance
sheet or through the exchange of the stock with long term capital
provided by an institutional lender.