“eConnect (OTCBB:ECNC), through its subsidiary of
eConnect2Trade.com Inc., has entered into a strategic alliance with
Empire Financial Group Inc. (http://www.empirenow.com), to offer
Internet stock brokerage firms and their clients the Instant Cash
Trading Account (TM) system that utilizes an ATM card with
PIN.”
“eConnect2Trade.com, via eConnect, will distribute free
eCashPad+ units to the Internet clients of Empire Financial Group,
which will enable the clients to use the Instant Cash Trading
Account system. The simple swipe of an ATM card through the
eCashPad+ securely sends the transaction directly to the host
processing center and prevents bank card data storage at Web
sites.”
“The eCashPad+ simply attaches to a consumer’s PC keyboard. It
will enable clients to effect instant cash transactions with an ATM
card with PIN. These triple encrypted transactions are real-time
instant cash transactions, as opposed to virtual transactions.
The transactions are routed from the user’s PC to a regional
ATM card bank system for approval via an eConnect/RGTecq Linux
Transaction Server. Upon approval, the funds are instantly
deducted from the client’s bank account and credited to the
client’s stock brokerage account.”
“eConnect2Trade.com will charge a flat fee per Instant Cash
Trading Account transaction.”