EXHIBIT 10.3

                              CONSULTING AGREEMENT

BETWEEN:    MONEYFLOW SYSTEMS INTERNATIONAL INC. duly incorporated pursuant to
            the laws of Nevada.

                   (hereinafter referred to as the "Company")

                                      -and-

            HERSTMONCEUX CAPITAL, with its offices in the City of Herstmonceux,
            East Sussex, in the United Kingdom and R. J. Drewitt with its
            offices in the City of Ashbury Swindon, Wiltshire in the United
            Kingdom. (hereinafter referred to as the "Consultants")

WHEREAS,    The Consultants wish to offer its expertise to provide the Company
            with consulting services for the purpose of international business
            development of the Company's automated Electronic Funds Transfer
            (EFT) business; and

WHEREAS,    The Company wishes to engage the services of The Consultants as an
            independent contractor for the purpose of such international
            business development.

NOW THEREFORE, the parties agree to the mutual undertakings and covenants herein
as follows:

      1.    Scope of the Services

            The Consultants agrees to perform the international business
            development services for the Company as follows:

      0.1.  The Consultants will assist the Company in identifying opportunities
            in the business of Electronic Funds Transfer and Automated Funds
            Transfer, for the furtherance of the Company's international
            business objectives, particularly in the U.K. and Europe, to support
            the growth of the Company.

      0.2.  The Consultants will develop and maintain on going systems to expand
            awareness of the Company's activities among the appropriate sectors
            of the international business community and hence develop a
            commensurate interest in the Company, it's products and services.

      0.3.  The Consultants agrees to accept direction from the Company from
            time to time with regard to the Company's priorities for the
            development of its core or peripheral business activities.

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      2.    Term

            The initial term of this Agreement shall be twelve (12) months from
            the date of execution hereof. The parties hereto shall have the
            option of renewing this Agreement for a further twelve (12) month
            term upon mutual agreement any time before the expiration of the
            initial term.

      3.    Contractual Relationship

            In performing the services under this Agreement, The Consultants
            shall operate and have the status of an independent contractor and
            shall not act as or be an employee of the Company.

1.    Compensation

      The Consultants and his designees shall be entitled to a one-time payment
      by way of issuing of One Million Two Hundred and Eighty Five Thousand
      (1,285,000) Common shares of the Company, in restricted form. One half of
      the shares shall be issued upon execution of this Agreement. The balance
      shall be issued ninety days following the date of this Agreement, after
      approval by the Board of Directors of the Company, based upon a review of
      Consultant's work to that date. The shares shall be valued at U.S. $.0l
      per share upon issuance.

1.    Expenses

      The Consultants shall be responsible for the payment of its own expenses
      incurred while The Consultants is engaged in activity relating to this
      Agreement.

1.    Reliance On Accurate Information

      Since The Consultants will rely upon the accuracy and completeness of
      information supplied to him by the Company, its officers, directors and
      agents, The Company agrees to save, protect and hold The Consultants
      harmless at the Company's expense in any proceeding or suit that may arise
      out of or due to any inaccuracy or incompleteness of such material
      supplied to The Consultants by the Company. The Consultants will not
      disseminate any material to relative business or industry sources, the
      media or the public without the prior consent and knowledge of the
      Company. The Consultants agree to indemnify and hold The Company harmless
      because of any claim, or other litigation, whereby The Company believes it
      is required to defend itself, due to an alleged misrepresentation
      promulgated by The Consultants, relating to The Company and its products
      or services. In addition The Company and The Consultants shall each be
      excused from any act of God, fire, strike, riot, civil disobedience;
      insurrection, boycott, act of public authorities, delay or default caused
      by public common carriers, inability to obtain raw materials, computer


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<PAGE>

      related equipment outages, or other causes beyond reasonable control,
      provided Moneyflow Systems international and The Consultants shall take
      all steps reasonably necessary to effect prompt resolution of the
      inability to perform the Agreement.

      7.    Miscellaneous

I.    Governing Law. This Agreement shall be in all respects governed by,
      construed and enforced in accordance with the laws of the Province of
      Alberta, including all matters of construction, validity, and performance.
      The parties hereto agree that jurisdiction over any action involving the
      interpretation and performance of any rights or obligations set forth in
      this Agreement shall be in Calgary, Alberta.

II.   Relationship of the Parties. It is expressly understood and acknowledged
      that it is not the intention or purpose of this Agreement to create, nor
      shall the same be construed as creating, any type of partnership,
      relationship or joint venture.

III.  Force Majeure. Neither Party shall be considered in default in performance
      of its obligations, should its performance thereof be delayed or prevented
      by force majeure. "Force Majeure" shall include, but not be limited to:
      hostile, restraint of rules or peoples revolution, civil commotion or
      riots, strike or lockout, epidemic, accident, fire, flood, earthquake,
      windstorm or explosion; lack of, or failure of transportation facilities,
      lack of, or failure of power facilities, regulation or ordinance, demand
      or requirement of or denial of approval by any government agency having or
      claiming to have jurisdiction over the subject matter of this Agreement or
      over the parties; or any act of God or any act of Government, or any
      cause, whether of the same or different nature, existing or future, which
      is beyond the control and without the fault or negligence of the parties.

1.    NOTICES

      Where it is required in the Agreement that notice be given, the notice
      shall be in writing and shall be delivered in person, or sent by
      registered mail postage prepaid or by way of facsimile transmission to the
      parties at the following addresses:

               To:            Moneyflow Systems International Inc. at:
                              Bldg F, Unit 3, 5508 - 1st Street S.E.
                              Calgary, Alberta T2H 2W9
                              Phone: (403) 319-0236  Fax: (403) 319-0240

       With a copy to:        Claudia J. Zaman, Esq.
                              21800 Oxnard Street, Suite 440
                              Woodland Hills, CA 91367  Fax: (818) 5986778


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<PAGE>

To The Consultants at:        Herstmonceux Capital
                              10 Herstmonceux Place, Herstmonceux
                              East Sussex BN27 1RL
                              England
                              Phone: 0323-832579

      Alternatively, at such other address as the Consultants or the Company
      shall designate by written notice. Any notice shall be deemed to have been
      given on the date on which it is delivered, or on the third business day
      following the mailing of the notice, or on a date, which the facsimile
      transmission is received by the addressee, and in the case of mailing
      subject to the duration of any interruption in the postal services.

1.    REPRESENTATIONS

      The Consultants represents that it has the full right and authority to
      enter into this agreement. The Consultants represents that it has the full
      right and authority to enter into this agreement.

1.    ENTIRE AGREEMENT

      This Agreement forms the entire agreement between the parties and shall
      not be modified, amended or replaced except by a further written agreement
      executed by both parties.

      IN WITNESS WHEREOF the parties have executed this Agreement in the City of
Calgary in the Province of Alberta, this 19th day of July, 2001.

The Consultants-


__________________________________      ________________________________________
Herstmonceux Capital                    The Company


__________________________________
R. J. Drewett


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