Our sales and marketing costs are described in the pro formas in the business plan. In other words, the more useful a payment mechanism, the more things an account holder can do with it, the more desirable the account is and the more likely it will be widely adopted. This will complete PocketPass the most complete suite of services and functionality. Our functionality for these was designed into the system from the beginning. We already have an LOI with a Singaporean partner and are in discussions with one of the largest cable, wireless, and Internet companies in India.
Wallets really are online organizers of payment systems, such as organizing multiple credit cards.
In the past, wallets have been unwieldy mechanisms requiring consumers to download and install complicated browser plug-in software and then use a credit card or bank account to establish an online account against which purchases would be charged. The newest generation of Web wallets are much easier to download and use and offer many attractive services, such as storing all of the data a user needs to make online purchases without needing to fill in forms with billing, shipping and other data. Telephone Billing Billings to telephone accounts have not caught on. Additionally, these are not anonymous, which takes away a significant value proposition. ISP Billing ISP billing systems have also not caught on.