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July 5, 2008 at 07:45:44
Interview With Steve Renner of CashCards.net, e-gold's® New Primary Dealer
By DGCmagazine (about the author) Page 2 of 3 page(s)
(Q) I see that your cards are listed in the Liberty Reserve directory. I know they have gotten really popular in the past year. How much of your monthly business comes from Liberty Reserve exchanges?
Liberty Reserve has gained in popularity recently. They have a good system, and seem to be managed well. I expect to see growth in Liberty Reserve Exchange. Another popular Digital Currency is E-Bullion.
(Q) How many card products does your company offer at this time?
We have been offering 2 main Card products:
- Our Classic Card which is strictly an ATM debit card.
- Our Premium Card which is essentially a Pre-Paid Credit Card.
We pioneered the Digital Currency to Debit Card back in 2001. We first introduced Digital to Prepaid Credit Cards in 2005. Since then there has been a lot of overlap in the 2 cards, and since the pricing is nearly the same we have decided to phase out the debit card. We have now consolidated our service to offer just one card, our Premium Cash Card! And by the way, our Cash Cards have the Master Card Logo.
(Q) What e-currencies do you accept for loading or exchange to a card?
Currently we accept e-gold, Liberty Reserve, E-Bullion and V-Cash. Customers can also fund their cards with Bank Wire or Money Order.
(Q) Do the cards work outside the US?
Yes, they are International.
(Q) This news, that e-gold has a quality-established new primary dealer. However, you chose not to put out a big time press release and seek additional news on this event. Why not?
We are waiting to get the Exchange process running smoothly before we make a major announcement. Right now we are in the approval process to Out Exchange 2 Bars from the e-gold system.
(Q) Are you confident that the e-gold company will survive and continue their operations in the years ahead?
We are confident that e-gold has the physical gold in place to back the digital credits in the system. The court has allowed them to continue operations, for the benefit of the users of the system. This to us was enough of a vote of confidence to agree to accept the role as the Primary Dealer. As in many cases in the court system, (Like Bankruptcy) outside companies will step in to perform certain functions normally handled by the company. This is the way I see our role here.
It will remain to be seen if the company will survive for the long term, this will be ultimately decided in the legal system. But for now, our goal is to make sure that no Legitimate e-gold customer is left out in the cold with no way to Out Exchange their Digital Credits.
(Q) Are the CashCard products and operation considered a US business?
Yes we are a Minnesota Corporation.
(Q) Do you follow US compliance, regulations and the rules created by the Patriot Act for all US customers?
Yes, we screen our customer database weekly through the World Tracker Database software. We also have proprietary screening process on all our customers to detect and prevent fraud, and protect the integrity of our service. We cooperate with Law enforcement, Postal Inspectors, FBI, US Courts and Courts Of Legal Jurisdictions.
(Q) Your company also operates the e-currency V-cash. How long has V-cash been around?
V-Cash was started in 2001.
(Q) Does V-cash have independent exchange agents?
No not officially, but anyone is free to trade it.
(Q) Does V-cash have many online merchants accepting the e-currency?
There are a few, but we do not actively promote it at this time. Our long range plan is to take V-Cash more main stream in head to head competition with Pay Pal as a standard method of Online Payment.
(Q) Is your debit card loading automated? In other words if I sell e-currency, does it appear right away on my card?
No you have to physically make a load request to your card. Then we load the cards on a daily basis.
(Q) Do you have a target market you cater to with the V-cash product?
Yes we provide payment services for individuals and businesses which allow them to make payments around the world in real time which can be placed on a Cash Card and used to make purchases or drawn out in the local currency.
(Q) Does CashCards only rely on affiliate marketing or does the company also do any sort of mainstream advertising?
We use strictly word of mouth advertising.
http://www.dgcmagazine.com
For the past 7 years Mark Herpel has worked in the Digital Currency Industry. He writes for the American Chronicle and is editor of DGCmagazine. Email him with any thoughts or criticism. Note: This online publication represents Mark's personal (more...)
The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.
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i would've read this
by Better World Order on Saturday, Jul 5, 2008 at 12:20:28 PM
CashCards are a scam
by Nanai G on Saturday, Jul 5, 2008 at 8:52:33 PM
The legal terms of e-gold's agreement
by DGCmagazine on Friday, Jul 18, 2008 at 7:55:51 PM
Correct e-gold information on bailing out bars
by DGCmagazine on Tuesday, Jul 8, 2008 at 3:17:58 PM
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