Banking Industry must have product seeking operating funds
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:
http://www.raisecapital.com/tag/banking-industry-must-have-product-seeking-operating-funds_2
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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.
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