Darden Restaurants, Inc. Message Board

Would really need a great mathematician to figure an appropriate scaling for the 10 month climb.
But we did go from 10B to 40B ( a quadruple) in that timeframe so it could be much lower in June 2012 and much higher in March 2013 that the 2.5-3.5 you describe.
Needless-to-say, we're heading in the right direction. Plus, this is only MD. MPBP and other projects would need to be added.

How much to we have in deferred revenue? Was it all related to MPBP or is the breakdown unknown?

Yes Macberry, my bad.
115,595,800 transaction @ .08 per (discounting) = $9,247,664
Add in 2.8M (700K X 4) in annual recurring maintenance revenue
and you get $12,047,664 from Mobile Deposit.

Now that we have Friend back, like to hear what you think of this crunch.

Our numbers right now are better than the crunch suggests because it reflects how we're doing over the course of the last 10 months. We have many more FI's and users now than 10 months ago.
So if you consider numbers reflect an average over a range of time and now we're at the highest data point of the average. I think you get the picture.

Yes Friend, I think I fell for a short scare tactic. Interestingly if you google "Balance Photo Bill Pay" there is a Balance webpage with info on the product. There URL say in the code "financial institutions" but if you go to their current website they only have an area for "professionals." The FI link is not part of their current website even though it appears that at one time they were developing a photo bill pay application.
Not to say they couldn't but currently it doesn't seem to be a near term threat.

Thanks for pushing me to work harder on this one.

Go to Balance Financial website and look at partners. Wells Fargo is one of them. If they get better terms with Balance they might go with them. Of course, they might go with us. Who knows? But there is a competitor in MPBP. I don't think Mitek will go after them with 2 suits already brewing. If they have a victory next year with USAA, they can pump that money into a Balance offensive.

Wells Fargo is a partner with Balance and there may be a Balance / Mitek conflict with this product. Wells might go with Balance on this one.

Interesting. Does look like there may be a conflict with Balance.
One should note that the patent pending on MPBP described in the article has recently been awarded to Mitek and it's now part of it's arsenal.

That was Bank of America. Wall Street Journal - "Bank Customer Make Smartphone Connection"

Incidentally, all the about info is about MItK vs USAA, not TISA!

Looks like Court is ruling against all motions to dismiss on both sides. All cards will be played in a court of law. Before Julie left she said this case probably won't be presented until 2014.

BTW, Balance Financial products are for business professionals, not the general public.
The app will cost $75 per month.

I'm a little more skeptical about MPBP. Maybe because I personally have no use for it as I don't feel setting up online payees as a big deal but I suppose there are many that will. We should get an idea about the products trajectory over the next 6 months. I'd like to see some movement with CC Balance Transfer, Enrollment Products and Dr. License Authentication. I was told they have capabilities for 49 states and are working on the 50th.

No brainer that we will get Wells Fargo too shortly.