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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
Post by bullrider2012on Jan 18, 2013 7:23am
388 Views
Post# 20855079

There is no doubt

There is no doubt

There is no doubt that the Selectcore contract with the City of Toronto saves the City of Toronto money.  I don't think we know as yet how many are using the card but it is the way of the future.  My concern is and always has been whether Selectcore can get up and running with a sizeable client portfolio before competition crashes down their door.  You can spout proprieatry technology all you like but really the only barrier to entry is cash.  The banks have cash and as history tells us will jump all over this if they think it could be a profitable business.  Thats the catch 22.  Is it a profitable business or not?

Bullboard Posts