Yeah this seems very SPAM-my. Is this legit or did someone hack your forum account? LOL.
I hope nobody hacked my forum account. ;D
I thought was interesting as I have a fairly strong like/dislike for Paypal and like the idea of competition in the online payments area. So, I thought I'd give it a try...
It is in fairly early stages of development, so it is a bit hokey, but hopefully that will subside over time.
Here is their product roadmap for what it's worth...
Stage 1
Target Timeframe: September 1, 2010 - October 16, 2010
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Research laws and regulations pertaining to our service in the countries where we plan to initially launch. Draft technical specifications for accounting rules and processes that must be built into our service platform. Begin collecting and aggregating user opinion surveys to help guide the development of our service.
Stage 2
Target Timeframe: October 17, 2010 - November 28, 2010
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Perform in-depth market analysis on a wide range of topics including our competition, our potential partners, clients, users, etc. Business model analysis. Business process and design analysis. Technical business analysis.
Stage 3
Target Timeframe: November 29, 2010 - January 24, 2011
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Design a solid business and technical framework. This stage will require hiring specialized high-level architects in many discrete fields of Information Technology including: database, network, systems, software and security.
Stage 4
Target Timeframe: January 25, 2011 - April 5, 2011
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Create prototypes and begin internal quality assurance testing. Upon successful completion of testing, prepare services for launch. This stage will require hiring many mid- and entry-level programmers, designers, analysts, specialists and testers.
Stage 5
Target Timeframe: April 6, 2011 - June 1, 2011
Launch person-to-person transactions. This will allow PayBox users to make payments to—and receive payments from—other PayBox users.
Stage 6
Target Timeframe: June 2, 2011 - July 28, 2011
Launch small business level services. This will include the design, testing and public launch of PayBox gateway integration modules for all popular shopping cart software on the market. This will allow PayBox users to purchase from any small online store where the integration module has been installed.
Stage 7
Target Timeframe: July 29, 2011 - September 2, 2011
Launch mid-sized merchant payment processing integration initiative. This will allow PayBox users to purchase from integrated mid-sized merchants.
Stage 8
Target Timeframe: September 3, 2011 - October 8, 2011
Launch payment processing integration initiative for major online stores. This will allow PayBox users to purchase from any major online store where PayBox payments are accepted.
Stage 9
Target Timeframe: October 9, 2011 - December 4, 2011
Launch debit cards linked to PayBox accounts. This will allow PayBox users to purchase from thousands of merchants both online and offline—anywhere the associated card network is accepted.
Stage 10
Target Timeframe: December 5, 2011 - January 9, 2012
Launch PayBox currency exchange, allowing for open exchange with all major world currencies. This will enable users to convert their PayBox account balance (or any portion thereof) to any major world currency for withdrawal, or convert back for deposit.
***This document is to be used as a general guideline only. The dates shown for each stage are estimates, and may be moved closer or delayed if necessary to accomodate unforseen circumstances. ***
