I posted this last week about a company that’s trying to launch an electronic payment system that bypasses the middleman on transaction fees and wants to piggyback their system onto magstrip-bearing driver’s licenses.
A couple of days later, I received a comment on the post from a gentleman named Randall Shake, who is the CEO of ACH Pay, LLC, one of the companies involved in trying to introduce this business. The comment provides some additional background. I subsequently traded a couple of e-mails with him which I’ll share with you because I think he’s made some interesting points.
More after the jump…
