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A nice idea but unless enough banks get on board it will be useless. One of the reasons credit card payments achieved prominance online is you only have to strike deals with a handful of companies (Visa, MasterCard, Discover, Amex) and you have the entire North American market covered. The Othentik system appears to need the cooperation of individual banks and there are dozens of major banks and hundreds or thousands of small ones. I don't fully understand the atm network, but I would think it would have made more sense to tie it in to that network via Cirrus et al.
If Othentik can achieve critical mass with this, it will be a great alternative to credit cards and online checks.
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"Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."
--H.L. Mencken
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