Bank And Bank Technology Company

www.GlobalBX.com

Listing ID: 700243878

Listing Title: Bank And Bank Technology Company

Quick Link: http://www.globalbx.com/listing.asp?bId=243878

Industry: Business Services

Industry Segment: Financial

Country: United States

State / Province:

Area

City:

Asking Price Range: $5.0M - $10.0M

Gross Revenues: $1,000,000

Cash Flow: $500,000

Cash Flow Type: EBITDA

Year Established: 1915

Number of Employees: 4 - 5

Business Description:
FIRST COMPANY : ''FinTech'' BANK TECHNOLOGY COMPANY We are one of few companies in the world authorized to issue debit and credit cards, using our own, unique sequence of card numbers and banking protocol (competitors: VISA, MasterCard, American Express, Discover) Major company asset: we own a participation in the acquisition and operation of a major Fortune 500 bank subsidiary that earns cash-flow of about US$20million daily. This company will license our technology Our Unique service: our customers obtain their own debit and pre-paid cards from our Banking Centers, or, proprietary, portable immediate-Issue Card Printers. No bank account or credit check required for our cards. Customer services: in-person and online direct deposit using cash, cards and payroll checks, card reload, check-cashing, money remittance locally and internationally, bill payment, among other services Other products in development : we own patents to facilitate funds transfer and escrow accounts in e-gambling, gaming, online casinos Unique tax advantages : We pay no taxes on revenues earned, because we are incorporated and based in a major tax-haven Price : EUROS 4.5million SISTER COMPANY : COMMERCIAL BANK 100 year-old, US chartered commercial bank, receives customer deposits, issues certificates of deposit, opens savings and checking accounts, issues credit cards, makes loans, offers lines-of-credit, issue letters of credit etc. Price: USD 5million



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