MyECheck Signs Checkgateway to Its Check 21 (RCC) Software Platform
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SACRAMENTO, CA, May 20 (MARKET WIRE) --
MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable
alternative payment solutions to credit cards for internet, intranet, mobile
commerce and brick & mortar platforms, is pleased to announce that it has signed
an
agreement with Checkgateway, a leading provider of electronic payment
services.
Checkgateway will be a gateway partner of MyECheck, which is providing the
online processor with its comprehensive suite of electronic check processing
services.
Checkgateway's merchant clients will be able to process Remotely Created
Check
transactions through the MyECheck payment engine. MyECheck uses patent pending
technology to generate electronic checks in accordance with the Check Clearing
for the 21st Century Act (HR 5414 - "Check 21") specifications. These eChecks
are transmitted in near real-time to MyECheck's partner banks, or directly
to the check clearing system for faster clearing.
Checkgateway is a leader and innovator in the Automated Clearing House (ACH)
payment processing industry and has been an ACH service bureau since 1993.
Checkgateway is also an affiliate member of the National Automated Clearing
House
Association (NACHA), an organization charged with making operational rules for
the ACH network. For more information please visit www.checkgateway.com.
Ed Starrs, CEO of MyECheck, commented, "The Federal Reserve's 2007 study
onnoncash payments, released December 10, 2007, revealed that electronic
payments now
exceed two-thirds of all noncash payments. The highest rate of growth from
2003 to 2006, the period covered by the study, was in eCheck payments. Our
Check 21 solution satisfies the growing need for eCommerce payment solutions,
and
we look to further promote continued growth with our partners."
About MyECheck
MyECheck Inc. is a leading provider of comprehensive viable alternative
payment
solutions to credit cards for brick & mortar, internet, intranet and mobile
commerce. MyECheck utilizes a proprietary method of creating and clearing
remotely created checks (RCCs) for exceedingly fast, secure and convenient
payments. As the leader in Check 21 solutions and check image processing for
online merchants, MyECheck's patent pending RCC solution provides merchants
with financial access to more consumers than any other single payment method.
MyECheck offers the fastest, safest and most convenient way to process
electronic payments from customers.
Please visit www.myecheck.com
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of
1995.Investors are cautioned that such forward-looking statements involve risks
and
uncertainties, including, without limitation, continued acceptance of
mentioned products, increased levels of competition, new products and
technological changes, dependence upon third-party suppliers, intellectual
property
rights, and other risks detailed from time to time in periodic reports filed
with
the Securities and Exchange Commission.
Investor Relations:
Patrick Lowry
(916) 932-0089
Email Contact
Copyright 2008, Market Wire, All rights reserved.
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