Walwex (reviewed here) refers to the kind of programs that do not have a member area. Several years ago, there were much more similar projects and at least 4 out of 30 successfully operating programs were operating basing on such a mechanism. However, now Walwex is probably the only successful example of this approach.
The first news from Walwex in 2011 is positive. Payments for the first week (01/04-01/10) were processed and all members received interest. This ambiguous long-term project started the new year by completing the first cycle and it looks like they're not going to stop.
Under the terms of a single plan at Walwex.com the investment perio is 100 days. Payments are made once a week, on Monday (for the whole previous week). I do not know what the point of accruing interest daily is (with such an approach), but thanks to this fact the program is considered a daily paying one, which can pay on a weekly basis. In addition to the absence of a member area, it is another interesting point that you should pay attention to. In general, Walwex has confidently entered the new year and successfully completed the first full week of work in 2011. We continue watching...