e-lysium Background

e-lysium was founded in November 1998 in the United States of America. e-lysium participates in the Alternative Payment Solutions and Services Industry. This industry has received significant attention over the past 24 months, as the Internet has become a common place for consumer and business transactions.

The Internet is not the only environment where alternative payment solutions are important. A mechanism to support student, children, and governmental programs as well as the overwhelming global population without access to a credit card is also essential to maximizing commerce.

The non-Internet-based markets are in and of themselves extremely large (cash based purchases in 1999 were in excess of $7.8 trillion). Because e-lysium reaches across many markets and only a small percentage of online purchases that could have been made actually were, we can only estimate that the market for the types of purchases e-lysium supports is many billions of dollars.