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Fintech Select Ltd. V.FTEC

Alternate Symbol(s):  SLXXF

Fintech Select is a provider of pre-paid card programs, an online payment platform, and a POS cryptocurrency platform that all are in-house developed platforms. The company also operates a multi-lingual call centre that provides services to customers across all its platforms, and to third-party customers. These core assets have been unified and enabled to operate through separate divisions, all harmoniously working together to create a new environment for consumers and businesses alike.


TSXV:FTEC - Post by User

Bullboard Posts
Comment by FmrAnalyston Aug 22, 2011 8:36am
231 Views
Post# 18965899

RE: Iridium card deployed in US? Yes or no?

RE: Iridium card deployed in US? Yes or no?Not so sure. It is one thing to go to the US trade and patent office and get the name Iridium credit card trademarked but to get Visa approval and a bank that will sponsor you is a different story. Also no bank will sponsor you without monthly minimum fees from the day you launch. In Canada I know that banks etc are looking for a minimum of $20K a month even if you don't earn one cent of revenue. In the US it could be as high as $100K flat fee per month. I'm not saying it hasn't been accomplished but to my knowledge this has never been publicly announced. I would also be really surprised if there is any US Iridium revenue in Q2 because to make it economically feasible you would need a larger customer base than they seem to have.
Bullboard Posts