Opinion on  MyECheck Inc. (MYEC)
MyECheck, Inc. (MYEC.OB) Launches Checkgateway on Its Check 21 (RCC) Software Platform

MyECheck, Inc. (MYEC.OB) - Times Are Changing For Online Transactions

It was just a short time ago - in fact less than 8 years - when 95% of all purchases online were made with a credit card. As Internet commerce increased, so did the desire for alternative methods of payment, and such services as Paypal were created. But history and consumer surveys both show that the use of some form of check is still one of the most preferred methods of payment, and it�s been estimated in industry circles that, within a few short years, credit card transactions will be in the minority on the Internet. With that in mind, MyECheck (trading under the symbol MYEC) offers online merchants, call centers, billers, retail POS and RDC/back office applications an array of comprehensive Check 21 imaging, processing and related solutions.

So, just what is this �Check 21? that we hear so much about lately? Well, the �Check Clearing for the 21st Century Act� (commonly known as Check 21) was signed into law on October 28, 2003, and became effective on October 28, 2004. Check 21 is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation. The law facilitates check truncation by creating a new negotiable instrument called a substitute check, which permits banks to truncate original checks to process check information electronically, and to deliver substitute checks to banks that want to continue receiving paper checks. A substitute check is the legal equivalent of the original check and includes all the information contained on the original check.

A common question often asked is �isn�t that what Automated clearing house (ACH) transactions do?� and to some extent that would be true. But the ACH transactions fall far short of what MyECheck offers its customers. MyECheck works with more consumer accounts, clears sooner, and provides superior charge-back protection over ACH transactions. MyECheck can debit every US checking account, even accounts that ACH cannot debit. These include accounts at many credit unions, S&Ls, small banks, brokerage accounts, business accounts and credit card check accounts. In fact, MyECheck provides access to more customers than any other single payment method.

If it was simply the range of accessible checking accounts that made MYEC different, they�d be worthy of a good close look, but that�s just one facet of their offerings. With Financial Verification Services, prior to authorizing a transaction, MyECheck can verify the status of the customer�s bank account and determine if the customer is a recent check bouncer. Utilizing their Identity Validation Services, MyECheck offers 3 levels of identity verification, including a high-assurance ID validation. The system currently supports 21 currencies and will even perform low-cost foreign exchange when required.

That is a fine and well rounded complement of services to offer any business that needs payment processing. As online commerce continues to grow, MyECheck is growing right along with it, offering up real-world solutions to all types of retail and cyberspace merchants. Investors would do well to keep their eye on this company for further developments.

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MyECheck, Inc. (MYEC.OB) Signs Mentor Public Schools to Its Online Check Service

MyECheck, Inc. announced today that it has signed on Mentor Public Schools as a client and will be providing the Ohio School District with its comprehensive suite of electronic check processing services. The company�s eCheck solution will allow parents to debt their checking accounts for payments such as adding funds to their children�s lunch cards.

MyECheck�s unique, patent-pending software is able to debit any U.S. checking account, including those that ACH cannot debit, enabling online merchants to expand their potential marketing base to more consumers and businesses. The process doesn�t require a physical check and adheres to the Check 21 specifications established by law.

Commenting on the news, Ed Starrs, CEO of MyECheck, stated, �We are excited to have our first school district sign to our software and see this as a potential segue into other school districts, colleges and government agencies.�

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MyECheck, Inc. (MYEC.OB) - Times Are Changing For Online Transactions

It was just a short time ago - in fact less than 8 years - when 95% of all purchases online were made with a credit card. As Internet commerce increased, so did the desire for alternative methods of payment, and such services as Paypal were created. But history and consumer surveys both show that the use of some form of check is still one of the most preferred methods of payment, and it�s been estimated in industry circles that, within a few short years, credit card transactions will be in the minority on the Internet. With that in mind, MyECheck (trading under the symbol MYEC) offers online merchants, call centers, billers, retail POS and RDC/back office applications an array of comprehensive Check 21 imaging, processing and related solutions.

So, just what is this �Check 21? that we hear so much about lately? Well, the �Check Clearing for the 21st Century Act� (commonly known as Check 21) was signed into law on October 28, 2003, and became effective on October 28, 2004. Check 21 is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation. The law facilitates check truncation by creating a new negotiable instrument called a substitute check, which permits banks to truncate original checks to process check information electronically, and to deliver substitute checks to banks that want to continue receiving paper checks. A substitute check is the legal equivalent of the original check and includes all the information contained on the original check.

A common question often asked is �isn�t that what Automated clearing house (ACH) transactions do?� and to some extent that would be true. But the ACH transactions fall far short of what MyECheck offers its customers. MyECheck works with more consumer accounts, clears sooner, and provides superior charge-back protection over ACH transactions. MyECheck can debit every US checking account, even accounts that ACH cannot debit. These include accounts at many credit unions, S&Ls, small banks, brokerage accounts, business accounts and credit card check accounts. In fact, MyECheck provides access to more customers than any other single payment method.

If it was simply the range of accessible checking accounts that made MYEC different, they�d be worthy of a good close look, but that�s just one facet of their offerings. With Financial Verification Services, prior to authorizing a transaction, MyECheck can verify the status of the customer�s bank account and determine if the customer is a recent check bouncer. Utilizing their Identity Validation Services, MyECheck offers 3 levels of identity verification, including a high-assurance ID validation. The system currently supports 21 currencies and will even perform low-cost foreign exchange when required.

That is a fine and well rounded complement of services to offer any business that needs payment processing. As online commerce continues to grow, MyECheck is growing right along with it, offering up real-world solutions to all types of retail and cyberspace merchants. Investors would do well to keep their eye on this company for further developments.

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MyECheck Inc. (MYEC.OB) Awarded Patent for Online Check Processing Technology

MyECheck Inc. (OTCBB: MYEC) today announced the U.S. Patent & Trademark office has granted a patent for MyECheck�s online check processing technology, which provides merchants with the fastest, safest and most cost effective method for online, phone or remote payment transactions. The company�s founder and CEO Ed Starrs invented the technology, designating MyECheck as the sole licensee of the patented technology, creating a significant asset for the company and catapulting it ahead of competition.

�MyECheck now has the intellectual property rights to secure our system of eCheck software throughout the industry. We were not only first to market with an online Check 21 solution; we have now staved off competitors. As the most viable alternative payment method, our system provides merchants with access to more customers at a much lower cost than card processing,� Starrs stated in the press release.

The check processing technology was designed to create and clear image-authorized demand drafts known as remotely created check image files. The computer-implemented method processes payment for any item, whether it is a physical product, a service, digital media or digital content.
It is applicable to banks, savings and loan (S&L) institutions, credit unions and more, and is more universally available for merchants. The technology uses electronic images of authorized drafts, acceptable at every U.S. bank, even where current payment systems associated with the ACH network are not eligible.

�While many checking accounts are not accessible through the ACH network, MyECheck can clear funds from all checking accounts within the Federal Reserve banking system giving us the broadest reach of any electronic payment system. We are excited about this development and believe it will further our growth in the transaction processing industry, while positioning us as the leader in online and remote check processing,� Starrs stated.

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MyECheck, Inc. (MYEC.OB) Makes Online Commerce Simple and Easy to Use

In today�s world, with new technological advancements popping up everywhere you look, one industry at the forefront of this advance is the alternative payment solutions segment of e-commerce.

One of the companies that leads in this arena is MyECheck, Inc. (OTCBB: MYEC), a company that was created to satisfy the demand for viable payment solutions to credit cards for online commerce. MyECheck utilizes a patent-pending method for creating and clearing remotely created checks (RCC�s) for exceedingly fast, secure and convenient payments.

MyECheck is different in that other �e-check� solutions are automated clearing house (ACH) transactions. MyECheck does not utilize the ACH network, so when compared with competitive ACH eCheck transactions, MyECheck items work with more consumer accounts, clear sooner, and provide superior charge-back protection. Items that are processed by MyECheck are done so in an entirely Check 21 environment. All items that are created by the company, including electronic RCC�s, are governed by Check 21 law and the varying state regulations regarding the Uniform Commercial Code. These laws are more favorable to the recipient, as opposed to the laws governing ACH transactions.

The reason why MyECheck items clear faster is because each transaction is created, file-formatted and submitted directly into the banking system for the fastest possible clearing in near real-time, providing the bank with expedited availability. This results in a reduced risk involving errors and fraud, the cash flow is improved greatly, and services are provided sooner with greater confidence. MyECheck can debit every U.S. checking account, even accounts that ACH cannot debit, such as credit unions, small banks, brokerage accounts, business accounts, and credit card check accounts.

There are additional services that make MyECheck stand out as the future leader in the alternative payment solutions and e-commerce industry. The company offers financial verification services that allow MyECheck to verify the status of a customer�s bank account and determine if the customer has recently bounced a check before completing the transaction. There are also guaranteed international payments, collections and guarantees (i.e., fully integrated collections at no additional charge), and identity validation services.

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MyECheck Inc. (MYEC.OB) Patent Awarded For Technology Used In Online Remotely Created Check Service

MyECheck Incorporated is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. The company was recently issued a patent for their �METHOD AND APPARATUS FOR ONLINE CHECK PROCESSING� by the United States patent and trademark office. MyECheck calls this patented, electronic transaction processor Check 21, and it is used used by MyECheck for the creation and clearing of imaged, authorized demand drafts, also known as remotely created check image files.

The patent issued by the United States Patent & Trademark Office is patent number 7,389,913 and was issued on 06/24/2008. The patent will help MyECheck maintain their leading position in the market for online check cashing. Currently MyECheck�s services are used by vendors to expedite check clearing and availability, reduce risk, improve cash flow and provide greater confidence in successful transactions.

The CEO of MyECheck, Ed Starrs, commented, �MyECheck now has the intellectual property rights to secure our system of eCheck software throughout the industry. We were not only first to market with an online Check 21 solution; we have now staved off competitors. As the most viable alternative payment method, our system provides merchants with access to more customers at a much lower cost than card processing.�

Starrs went on to add that MyECheck now has the broadest reach of any electronic payment system currently on the market. He believes this patent will allow the company to focus on further development of their services and growth within the transaction processing industry. With the receipt of this patent, MyECheck is well positioned to become the leader in its field.

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DoublingStocks.com Features MyECheck Inc. (MYEC.OB)

Michael Cohen from doublingstocks.com wrote last week that MyECheck was one of the strongest penny stocks. MyECheck Incorporated is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. Cohen chose the stock because of the rapid growth MYEC has already experienced, and the potential for continued growth in both the near and distant future. The services offered by MyECheck are very tempting to businesses seeking immediate, secure payment from their customers.

Earlier this month, MyECheck was granted a patent from the United States Patent & Trademark office for their proprietary technology capable of accepting payments straight from a customer�s bank account. This eliminates a large portion of the risk associated with credit cards and past due payments. The system also decreases check clearing time and increases a business�s cash flow. The bank typically receives the digital check created by MyECheck within a matter of seconds electronically, instead of waiting for the physical check to come through the mail, a process which typically takes days.

Cohen compares MyECheck to Visa and Mastercard in the sense that they are at the top of the food chain in their respective industries. MYEC is capable of dealing directly with the Federal Reserve banking system via access to the �Fedline�, so they can interact with every US checking account. This gives the company a lot of power which is a positive for many small businesses where every successful transaction makes a difference. MyECheck is currently one of the leaders and has a lot of potential growth within the transaction processing industry.

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MyECheck Inc. (MYEC.OB) Online Check Services Implemented in Ohio School District

Earlier this morning, MyECheck Incorporated announced that its software had gone live at Mentor Public Schools, an Ohio School District. MyECheck is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. The company�s patented Check 21 technology, used as an apparatus for online check processing, has been adopted by the school district for its reliability and ease of use.

The announcement of the school district signing an agreement with MyECheck was in the news last week, and already, within five days, the company has implemented its software and is now operating live. This was made possible because of the streamlined integration process that MyECheck has now built for its clients utilizing easy application programming interfaces (API�s). In addition to the ease of integration, clients benefit from expedited check clearing and availability, reduced risk, and improved cash flow in all transactions.

The CEO of MyECheck, Ed Starrs stated, �Our APIs have evolved with the changing needs of our clients to the point where we can have a customer �live� within a week of bank interface approval. We will continue to streamline this process and work with both our internal team and outside VARs to ensure that we provide a cutting-edge technology in this growing industry.�

Mentor Public Schools is a School District in Mentor, Lake County, Ohio with 14 schools, including elementary, middle and high schools. The new services provided by MyECheck will allow parents to debit their checking accounts for payments such as loading their children�s lunch cards, allocating donations to the school, or paying for field trips and book fairs. MyECheck now gives parents the freedom of an alternate payment choice from the standard cash option which is the only method accepted by most public schools.

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MyECheck Inc. (MYEC.OB) Teams Up with Ranger Supply Store to Make Online Purchasing Easier

MyECheck Inc. (MYEC.OB) is pleased to announce that it has entered into an agreement with Ranger Supply Store to provide its suite of electronic check processing services to the online retailer. Customers will now be able to use their checking accounts as an additional method for online payments.

Based in El Dorado Hills, California, MyECheck provides electronic transaction processing and alternative payment solutions to online retail companies. The company’s patented software is able to debit any U.S. checking account, even those which ACH cannot debit. The software provides more customers and businesses with the ability to purchase merchandise from online merchants than any other existing payment method.

“Ranger Supply Store represents another in a long list of CardinalCommerce customers to realize the value in offering our online check solution,” stated Ed Starrs, CEO of MyECheck.

CardinalCommerce Corporation is a global leader in authenticating payments, securing transactions, and enabling alternative payments brands to eCommerce and mobile commerce. Cardinal Centinel® allows payment brands such as MyECheck, Verified by Visa, MasterCard® SecureCode™, PayPal™, eBillme™, Bill Me Later®, Google™ Checkout, NACHA® Secure Vault Payments (SVP), Ukash™, eLayaway™, and Ebates™ to over 30,000 merchants and merchant service providers.

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MyECheck, Inc. (MYEC.OB) Inks Agreement with Online Medical Supply Company

This afternoon, MyECheck announced that it has added QuickMedical as a client of its online payment processing service. MyECheck’s unique alternative payment method is the safest and most effective way to process electronic payments, and provides clients with financial access to more consumers than any other payment method.

QuickMedical, a medical supply store, offers a large variety of medical equipment and medical supplies. Founded in 1993, the medical supply company currently sells more than 15,000 medical products and continues to add to its growing product line.

CEO of MyECheck, Edward Starrs, stated, “Checks processed on the MyECheck processing system are typically approved in 1 to 3 seconds with check authorization and payment guarantee available. MyECheck provides faster clearing and funds availability, substantially reduces charge-backs and risk and improves cash-flow; all at a much lower cost than credit or debit cards.”

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Xziex Water Purifier Company Now Processing Merchants through MyECheck, Inc. (MYEC.OB) Software

After the close today, MyECheck Inc. announced that Xziex Inc. has begun processing its merchants through its Check 21 Software. MyECheck’s patented solution provides merchants with financial access to more consumers than any other payment method

Xziex Inc. has developed and markets the XZIEX(TM) Atmospheric Water Generator. The generator produces pure, safe drinking water directly from the air. By using their technology, customers and businesses never have to haul bottled water or deal with the waste of plastic bottles.

MyECheck is known as the pioneer in marketing this type of service in the multi-trillion dollar paper check image processing industry, while operating as a leading online Check 21 processor. MyECheck is the preferred solution for clearing checks as it eliminates ACH (Automated Clearing House) issues by enabling merchants to deposit funds without the usual waiting period needed by other processors.

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Yellow Pages Company Signs on to Use MyECheck Inc. (MYEC.OB) Software

MyECheck Inc. (MYEC.OB) announced that it has entered into an agreement with Superior Business Network, the parent company of Yellow Pages, which retains the largest online directories for U.S. businesses.

MyECheck will provide its unique suite of electronic check processing services to the online directory and advertiser. Superior Business Network clients will be able to utilize their checking accounts as an additional option for online payments. The patented software designed by MyECheck has the ability to debit any U.S. checking account, which even ACH processing is unable to do. This added option for payments will allow more consumers and businesses to purchase services from Superior Business Network.

The MyECheck software has several other advantages over other online processing methods. MyECheck provides a more real-time posting, which results in faster clearing and funds availability for businesses. The more efficient system significantly reduces charge-backs, risk, and improves business cash flow. Processing through MyECheck is very similar to a credit card authorization, but is a guaranteed amount that eliminates fraud implications. MyECheck even has a lower operating cost than both credit and debit card processing.

With the Superior Business Network agreement under its belt, it looks like more national online businesses are recognizing the advantages of using MyECheck software for its online processing. Yellow Pages Company Signs on to Use MyECheck Inc. (MYEC.OB) Software

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MyECheck, Inc. (MYEC.OB) Signs Online Commerce Group, LLC With 25 eCommerce Stores

MyECheck Inc. announced today that it has inked an agreement with Online Commerce Group, LLC (OCG) to provide its comprehensive suite of electronic check processing services. The agreement will enable OCG customers to use their checking accounts as an additional form of online payment.

MyECheck’s patented software is unparalleled by any other solution as it is able to debit every U.S. checking account, even accounts that ACH cannot debit. This unique platform provides online merchants with financial access to more consumers and businesses than any other payment method available.

MyECheck’s payment engine uses patented technology to generate electronic checks (”remotely created checks” or “RCCs”) in accordance with the Check 21 specification. The company possesses sole rights to US Patent No. 7,389,913, “Method and Apparatus for Online Check Processing.”

Online Commerce Group, LLC is a diversified group of both residential and commercial niche e-commerce stores committed to delivering excellent customer experiences by providing their valued customers with a product presentation online that allows them to get as close to the product as possible. The websites also feature exclusive one-on-one customer service and competitive prices with multiple selections.

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MyECheck, Inc. (MYEC.OB) Makes Electronic Payment Processing Even Easier with New Virtual Terminal Service

MyECheck, Inc. (MYEC.OB), a leading electronic transaction processor and provider of alternative payment solutions, announced today the introduction of Virtual Terminal Services for small business, catalog, and phone-in order processing operations. The MyECheck Virtual Terminal is an interactive web services application that enables merchants to manually input customer transaction data, bypassing additional layers of third-party technical integration to receive payment authorizations securely in real time.

Companies that take phone or mail orders using MyECheck’s Virtual Terminal can directly input customer check data for authorization and processing. Ed Starrs, CEO of MyECheck, commented, “We continue to refine and add features to our patented software. MyECheck’s Check 21 solution offers the fastest, safest and most cost effective way to process electronic payments from an
expanding customer base, and is experiencing rapid growth in the growing
eCommerce and Payments industries.”

MyECheck’s new Virtual Terminal Services seamlessly integrate with their patented proprietary method of creating and clearing remotely created checks (RCCs) and opens up multiple potential new revenue streams. MyECheck’s rapidly growing client base will realize additional efficiencies from MyECheck’s continued introduction of new and innovative electronic transaction processing solutions.

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MyECheck, Inc. (OTCBB: MYEC) Provides Solutions with an Array of Benefits

MyECheck, Inc. is a leading provider of alternative payment solutions to credit cards, Internet, and mobile commerce. The company utilizes a patent pending method of creating and clearing remotely created checks (RCC’s) for ultra-fast, secure, and convenient payments. Their RCC solution provides online merchants around the world with financial access to more consumers than any other payment method. Established as a leader in Check 21 solutions and check image processing for online merchants, MyECheck offers the most complete, secure and cost-effective way to collect payments from customers.

MyEChecks’ RCC image service is the world’s first Check 21 solution for remote transactions. The RCC image service can be utilized by the Internet, over the phone, recurring transaction, or through a batch application. By using the Internet, customers can check data on their website which holds their financial information and pass it on electronically to a specified party. Merchants can use the phone to collect customer data and enter it into a virtual terminal for processing. With a recurring transaction, a merchant will send a single transaction or CSV files on dates they want payments processed and MyECheck will clear the funds to their account that day. Batch files are used as MyECheck receives customer’s data, and then they create RCC images of the items and insert them into X9.37 files.

All electronic RCC’s are governed by Check 21 law and Uniform Commercial Code (UCC state law). The benefit is to the customer as these laws are more favorable to the recipient – as opposed to the laws governing ACH transactions – particularly with respect to charge-backs. MyECheck can debit every US checking account, even accounts that ACH cannot debit, which include accounts at many credit unions, small banks, brokerage accounts, business accounts, and credit card check accounts. MyECheck items are created and file formatted before being submitted directly into the banking system for the fastest possible clearing, which in the end provides your bank with expedited availability.

MyECheck offers additional services at no charge that include financial verification, identity validation, collections and guarantee services, and guaranteed international payments. Prior to authorizing a transaction, MyECheck can verify the status of the customer’s bank account and determine if the customer is a recent check bouncer. There are three levels of identity verification, including high-assurance ID validation, and fully integrated collections with payment guarantee available. For international payments, MyECheck offers non-reputable 2-3 day bank funds collection in over 50 countries and provides bank remitting capabilities to bank accounts in over 120 countries.

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MyECheck Inc. (MYEC.OB) Introduces New Virtual Terminal Service

Recently MyECheck Incorporated introduced their newest product: MyECheck Virtual Terminal, a service application for small businesses, catalog and call-in order operations. MyECheck is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. The company’s patented Check 21 technology, used as an apparatus for online check processing, has been incorporated into the new virtual terminal.

The Virtual Terminal will be an interactive web service application for merchants to manually input customer transaction data and receive real time authorizations in a secure environment. Providing such services for small businesses and call centers provides a large potential income stream for MyECheck, which previously had no footprint into the multi-billion dollar catalogue industry. Small businesses can now directly access MyECheck services without the need for a technical integration.

The CEO of MyECheck, Ed Starrs spoke in a press release after the announcement saying, “We continue to refine and add features to our patented software. MyECheck’s Check 21 solution offers the fastest, safest and most cost effective way to process electronic payments from an expanding customer base, and is experiencing rapid growth in the growing eCommerce and Payments industries.”

The use of the MyECheck Virtual Terminal will mean that companies that take call-in or mail-in orders can now directly input customer check data for authorization, check guarantee and processing. This process will save time and money from the traditional system, which often involved small test deposits and EFTs. Only merchants that have been underwritten and bank approved will have access to the MyECheck Virtual Terminal, easing the minds of consumers, who can now rest assured that giving away their personal banking information will not endanger them.

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MyECheck, Inc. (MYEC.OB) Announces Deployment on 25 eCommerce Sites With Online Commerce Group

MyECheck, Inc. announced this morning at the bell that it has launched its service on 25 eCommerce websites that are owned and maintained by Online Commerce Group, LLC (OCG), which was recently listed on the Inc. 500 list with revenue growth of 913%.

Through MyECheck, OCG websites will now offer their visitors an additional form of online payment. As a result, online merchants will be able to debit any U.S. checking account, even those ACH isn’t able to, providing them with financial access to more consumers and businesses at a lower cost than card processing.

The added websites that now feature MyECheck’s processing services include: www.highlandtaylor.com, www.CushionSource.com, www.UmbrellaSource.com, www.PostCapSource.com, www.OutdoorPillows.net, www.InStockShipsNow.com, www.PicnicTableOutlet.com, www.TeakFurnitureOutlet.com, www.ThrowPillowSource.com, www.OutdoorDrapes.com, www.SolarPostCapSource.com, www.ParkBenchSource.com, and more.

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MyECheck Inc. (MYEC.OB) Offers an Advanced, Flexible Payment Solution to Both Small and Large eCommerce Sites

MyECheck Inc. (MYEC.OB), one of the leading electronic transaction processors, provides one of the fastest and cost-effective solutions for clearing remotely created checks (RCCs). The proprietary and patented system was initially released in 2004 and has continued to evolve with new offerings such as RCC Image Services.

MyECheck’s RCC image service is the first Check 21 solution developed for remote transactions. As it is governed by both Check 21 law and Uniform Commercial Code (UCC state law), transactions through MyECheck are more secure and more favorable to the recipient than laws governing ACH-based transactions. This is particularly important when charge-backs occur. MyECheck also provides clients with a broader customer-base through its ability to debit all US-based checking accounts. Retailers who choose ACH transactions have a more limited client-base as this debit processing method is not viable for all US checking accounts.

Through RCC image services clients can set up a variety of payment options for their customers. First, clients can collect their customer data via the phone and enter the information into a virtual terminal for processing. Second, customers can enter their check information on a client website, which passes through to MyECheck electronically. Third, clients may send a single transaction data or a CSV file listing specific dates when payment processing should occur. Finally, a batch CSV file can be sent via SFTP and RCC images of the items can be created and inserted into X9.37 files, which is the current standard Check 21 file format.

MyECheck not only offers an additional payment option and broader customer access, it also provides a safer solution as well. Prior to authorizing a transaction, the system verifies the status of a customer’s bank account to determine if the customer has recently bounced a check. It also provides three levels of identity verification, including a high assurance ID validation. The company is so confident in the system that it provides fully integrated collections at no addition charge with payment guarantees available.

Not only does it have a solid domestic system, MyECheck also has an international presence. At this time, MyECheck supports 21 currencies and can provide low-cost foreign exchange services when needed. The company is able to provide 2 to 3 day bank fund collections in over 50 countries and even provides bank remitting capability to bank accounts in over 120 countries.

With its secure, fast, and cost-effective system, MyECheck has a solution that can support small and large retailers.

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