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Users really -- that use soon to be able to opt out of paying those pesky he's not together by well what's a quick little commercial.
While you wait -- transaction process so it's not that they -- below the idea was developed by our next guest -- anyways onto my five.
-- Townsend is a founder and CEO of free AT m.s NYC.
We looked at -- market and we looked at in the said that.
American right now needs this product more than ever America as a whole right now there's one for numbered and issues on you have a lot of high and employment right now about eight point 6%.
I get a lot of people with their families with college's students and whatnot and -- have a lot of people that are living you know.
If you will.
Below there means I took an order to survive so what we've done is we've created the product on it -- -- in which we allow the customer to have free ATM transaction.
Completely how we provided free is through third party advertisers.
So -- customer walks up to our ATM machines and at the beginning of the transaction -- you slide show graphic on the screen ATM machine.
As well as in the middle of transactions that are missing please wait while processing we have the ability to show an advertisement in the Miller transaction as well.
-- might card and it typically takes a couple seconds to process -- -- it's figuring out that it's -- I want to 102 video what -- it if you for your card in time for -- recognizes you know your card and then ask -- come should like to withdraw.
-- these like countries like to withdraw and then at that point when it goes to actually relate I'm expecting in the money -- when it's actually getting the approval from your bank so what we do -- you know obviously as AB any HM does it sends a signal out your bank to request right approval so once irreconcilable your account.
But inflation comes back to us and give this -- go ahead Norse -- your cash.
In that period of time is only show the transaction source of advertising -- transport -- advertisers you have signs on them so we signed up by Narragansett -- the book limiting factor on their against appears a Rhode Island based on here yet company -- -- through brand.
It's a great opportunity for them to actually get access a New York market and particularly initiative in -- market.
Brooklyn knitting factory as a specific demographic that actually for -- location.
That's right up the Alley so darn right I had your commercials which is not a bad -- to be watching but I presume you can expand this and.
Try to get more advertisers yes yes so where are these ATMs right now so as of right now we launch -- first one at the broken in factor in Williamsburg about a month ago.
On we do see a lot of attention in not only from that one machine.
But more so just on the concept of having these machines are deployed throughout all of America's as a right now -- working on a strategic can people that -- background in finance his background in operations marketing.
And if you will on -- they think that these this group of people that were bringing on is gonna help to really -- money to let's face facts right they got the cash to back up you know the intelligence and I yet.
Yeah yeah okay so you're basically looking for investors to come in on this well you know where we're strategically talking with a group of different investors throughout the market who are very very much interest in our business is the plan to get them everywhere the plan -- to get them in major cities across the country and -- -- -- the major cities across the country -- -- little bit more inland.
These -- standalone ATMs you know we have one here and that our little candy store and I pay a fee when I take money out of it plus my bank charges -- -- because it is not my bank's ATM for years senior -- all that out actually we -- our into the transaction out so we don't argue a surcharge in order -- that transaction to process my Stephen bank will still charge me.
We won't hairdresser records that some but not -- -- up.
We'll say your bank you know has the ability to choose whether or not they -- -- -- -- -- penalty fee for using an out of -- -- but we think that it's a lot easier for you to go to your bank can say -- getting charged a penalty -- If I'm getting an access to a -- ATM in the first place and we.
Personally think that banks will will understand that concept and they'll be a little bit lighter on fees.
I -- -- appetizers and into the assumes you certainly have a an audience in an effort -- minutes waiting for your cast and well not not units are transaction exist ten seconds or -- our transactions on which is standard processing time we take no longer than the transaction takes into orders normally process -- -- -- -- you are certainly well ahead of the curve good luck with that thank you very -- Jersey I'm sick -- of these -- from -- are looking to get -- -- --
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