The Midas Consortium Advantages

Each of the proposed Mobile Operators and the Consortium of Banks & Financial Services (CBFS) share in the total turnover from all the global mobile subscribers' total netshopping spend irrespective of network. Each group in the proposed Midas Consortium has equity proportionate to their number of registered Midas subscribers and customers.  Each group profits from massive new netshopping revenue-streams from the world's biggest market-base that is accessible via one portal, e.g. midascash.com

Each of the proposed Mobile Operators registered within the proposed Midas Consortium shall therefore have massive new revenues from netshopping and other appointed services within The Midas Emporium. They will therefore have greater leverage in order to license exclusive content, especially music & sport, in order to maintain and encourage their own mobile brand-exclusivity.

Neither the Mobile Operators or the Consortium of Banks & Financial Services (CBFS) fund any development or infrastructure costs. These are funded by Tenant Companies, Infrastructure Partners, Sponsors & Advertisers. Due to this mass Midas marketplace Midas Consortium's costs and debts can be reduced and the implementation of network-sharing with a pan-European system can be adopted.

Consortium of Banks & Financial Services (CBFS)

Midas is in exploratory consultation with a proposed Consortium of Banks & Financial Services (CBFS) in order to establish, initially, a pan-European mobile payment system, acceptable to all parties and, where necessary, implement new regulatory controls, security and guarantees of payment. It shall, of course, be under the auspices of the revised FSA, OECD, The European Commission and the BBA and other pertinent controlling bodies.

(See The Midas Consilium in Section 15).

It will embrace existing systems such as SMS, card and NFC payments but will collate such payments under one controlling CBFS consortia.

The proposed CBFS consortia will work in parallel with all mobile operators and their subscribers. All mobile financial transactions, irrespective of network, shall simply become an extension of their existing transactions and also offer new financial packages, with more attractive rates for loans and mortgages, to this massive new mobile subscriber-base. The risk-liability of each of the proposed CBFS members would therefore be proportionally less.

It is estimated by Gartner that that 32.9 million subscribers make mobile payments in 2008. Midas estimates that with the new proposed CBFS systems in place then all Midas mobile subscribers shall wish to transact with the CBFS. It is not only to the advantage of the subscriber being able to obtain best quality/value from all Tenant Companies, but for the CBFS to be able to increase their profits due to massive increase in their customer-base allied with much lower operating costs and their concomitant reduction in bricks-and-mortar assets.

It is therefore most advantageous for the proposed CBFS Consortia to hold Midas equity in proportion to each CBFS members’ customer-base. This would then be the same as the proportional equity as is intended for the proposed Midas mobile operators.

By such a coalition of disparate groups a harmonious, corporate system shall be born. Mobile Subscribers, Mobile Operators, Tenant Companies, Card Networks and the proposed CBFS shall work together to produce a simple pan-European fiscal convergence network system.

What does Midas propose to offer each mobile network?
Subject to contract with each of the proposed mobile operators each would share in total Midas turnover in direct proportion to their subscriber-base. Each mobile operator is a shareholder in the proposed Midas Consortium.

1.    To further develop successful, exploratory talks with a global provider of mobile multimedia & broadband

       technologies and  prepare a  mutually acceptable Non-Exclusive Memorandum of Understanding to all parties in 

       this proposed strategic alliance.

2.   To progress exploratory talks with Infrastructure Partners, Tenant Companies, Content Providers & Sponsors in
       the Midas Forum in each of the proposed Midas Consortiums' territories.

3.   To develop a Midas pilot-test in 100Km. radius of London, Paris and Berlin.

4.   Development of GLS/GSM/RFID and other technologies such as DVB-SH, MPEG-4, WiMAX, LTE, HSPA+
      Broadband Technologies and Network Sharing and other new technologies such as Dynamic
      Spectrum Access. There are new mobile devices, not yet in the public domain, that
      greatly facilitate multimedia access for the proposed Midas Consortium and their proposed associated
      equity partners.

5 . To focus on only those companies that are successfully developing in these new and
      innovative digital mobile markets. We are not necessarily influenced by  their 
      market-position or balance-sheet,  but are attracted to those partners who focus on a core-activity specialising in these 

      new emerging mobile markets, with a very high turnover and excellent management structure.

6.   To further develop equity partnerships and MoU's with Midas Patented Software with mobile phone operators  

       and  infrastructure groups.

(See Section 3)