eConnect, has entered into a Joint Venture with Pilot Island to develop the ePocketPay which will enable hand held wireless Internet Cash Payments.
Pilot Island, an industry leader in developing software products and accessories for the Palm Top computing market, is a wholly owned subsidiary of International Digital Holding(OTC:IDIG)
The Patented ePocketPay will hold ATM card, credit card and charge card information. When effecting an Internet Cash Payment, the user will simply input their bank assigned PIN. The Pocket Pay will then send the wireless transaction payment to the LTS for bank processing. Applications range from cash payments to open stock brokerage accounts to Internet cash bill payments.
Pilot Island will provide it's technical knowledge of the Palm Pilot to fast track develop the handheld ePocketPay which will both effect wireless Internet cash payments plus act as a wireless voice phone. eConnect and Pilot Island will share the Internet merchant fees generated by the ePocketPay.
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