Search Detail
Banking Industry must have product seeking operating funds
| More
Company Name:
MICR Prime Services, Inc.
Industry:
Computer Hardware
Number of Employees:
3
Capital Needs:
$500,001 - $1,000,000
Location:
Colorado Springs, CO
Company Website:
micrprime.com
RaiseCapital Website:
Member postings are only reviewed for offensive or inappropriate content. The accuracy of the representations contained in a member post should be independently verified by the user.
RaiseCapital.com, Inc. makes no warranties with respect to the accuracy contained in any member post.
Description
The Checks In House Production System (ChIPS) is for investors with vision. The troubled financial services industry will recover! More fee income is critical to that recovery & a stated bank industry objective. ChIPS is poised to be a significant part of that recovery.
ChIPS creates personal & business check orders in-house with no added staff: 1) immediate customer service, 2) private information stays inside the bank (less risk of ID theft), 3) pass through vendor revenue stays with the bank (more profit).
ChIPS' "razor/razorblade" business model pulls a long & very profitable supply train. The check binder is fully developed, beta & market tested, patented (USPTO #7,464,920), commercialized & market ready. Nationwide service is in place. Logical projections show $94M in sales 5th year & a 56% margin. The FDIC reports U.S. check usage at 30B+ last year - around $2.8B. Corporate offices are in Colorado Springs, CO. We seek $1MM in equity funding to launch the product in the U.S. community bank and credit union market. Qualified staff is available for hire.
Images
Click on thumbnails to enlarge.
Video
Blog
CHiPS Growth Potential
by GMC
CHiPS product development is complete! Our product fits nicely in the Community Banking Market, the healthy segment of the Banking Industry.
CHiPS has been enthusiastically received at regional Bank shows, with comments like \\\"when are you going to start selling?\\\" and \"call when you are ready!\\\"
CHiPS, which stands for Check in House Production System, is a hardware and software solution with consummables which allows banks to produce checkbook orders in house. Producing checkbook orders in house permits banks to receive the profits which normally goes to the off-site check producers
Read more...
November 12, 2008 | 2 comments
Our Sponsors
Find investments
Search over 4775 listings. Find your ideal investment opportunity today.
Simply search for what you are interested in, or choose from the optional filters below to refine your results.
View All Results »
