Electronic Valet announced that the company and eConnect (OTC Bulletin Board: ECNC) will
jointly implement Electronic Valet’s contract to facilitate cash movement from
the United States to Mexico and point to point cash movement within Mexico
from homes and walk in locations. The eCashPad will be deployed to tens of
thousands of Mexican homes along with a computer and ISP service and will be
found at self service retail walk in locations.
The point to point eCashPad supported cash movement service will also
enable government sanctioned home wagering gaming applications.
The eCashPad is a revolutionary, inexpensive home hardware device, of
which over 6,000 have now been deployed into the marketplace by eConnect. The
eCashPad enables Internet consumers to swipe their credit cards at Bank Eyes
Only enabled web sites and to effect cash payments by either a prepaid or
value-added eCashCard at the web merchant site. PIN debit by ATM card is a
future service of the eCashPad. The eCashPad readily lends itself to
home-originated gaming applications. More information on the eCashPad and the
go anywhere eCashCard can be found at http://www.ecashpad.tv