so you want to know who is monoco?, page-20

summary on the 9th of June BQT announced that it was going to do a major deal with a client that had been working in this area for 10 years.

On the 1st of September we find out the client is "Monoco limited" with a one page website and no history of working on anything over 10 years when you do a google search.


This so called "Brand card" is designed to side step the banks credit cards and go direct to the retailers !
What a joke..........it like a biometric Myers card, but you cant use it to buy lunch at your favorite pub.

So in summary

We have a no name client that is trying to raise money on a product that has a restricted use, and cuts out the big banks...........it aint going to happen guys !

Smuggler is hinting that there is a big organisation behind Monoco............well don't you think BQT would have spelt that out ? BQT only have one client, and it's a nobody client with no history-no cash and a stupid product that has no appeal to the banks.

Here is what the banks are into (read the site below).
The banks wants to stamp out identiy fraud, but they want to do it using a broad based card.

http://www.thisdayonline.com/nview.php?id=26897

3 Anti-Bank Fraud Gadgets Out Soon
08.31.2005

Lagos

NIRPH Digital (West Africa) Limited has concluded arrangements to introduce three major security products into the Nigerian Financial Market.
The company, a subsidiary of Nirph Digital, a South African leading company in biometrics fingerprint and electronic locks, telephone loggers, SME Linux business solution (Business Server Oriented Solution) and interactive web and kiosk solutions.
The products included the Customer Identification System (CIS) Contact ME and Fingerprint as well as IC/RF Electronic Card locks.
CIS was designed to combat and identify fraud and enhance service delivery in the banking environment. Contact ME alerts every account holder of transactions through his mobile phone.
Fingerprint electronic locks was a world-class biometrics lock and worked by combining fingerprint recognition technology with a traditional high quality lock. The firm said it would be suitable for offices, lodge accesses, server rooms, security departments etc.
Mr. Bamidele Asorona, chairman, Nirph Digital West Africa Ltd., said reliance on internal controls to prevent and detect fraud had been found to be inadequate.
These products, coming at the heels of the present banking consolidation and reform would ensure easy detection and checkmate bank fraud and enhance service delivery.

Every reform must be matched with corresponding reform in service delivery.

The product has been widely embraced internationally by leading United States banks such as Barclays, Commercial Bank, Bank of America, Citi Bank, Long Island Commercial Bank and many more.