The Premier Enterprise Management System in America to Provide MyECheck Services to Its Clients
EL DORADO HILLS, CA -- (Marketwire) -- 04/14/09 -- MyECheck Inc. (OTCBB: MYEC), an
electronic transaction processor and provider of alternative payment
solutions, is pleased to announce that it has entered into a definitive
agreement with Morse Data Corporation whereby Morse Data is to develop
MyECheck interface capability for InOrder.
InOrder is a leading enterprise management system for multi-channel
merchants, fulfillment service providers and publishers. Easily deployed as
an off-the-shelf system, InOrder accommodates all sales channels, including
web, phone, fax, EDI, POS and catalog sales in real time for immediate and
accurate inventory and order processing.
Once the interface is complete, which is expected within a few weeks,
InOrder clients can quickly and easily add MyECheck payment services
without the need for technical integration with MyECheck.
Credit cards are the most popular means to pay for online goods and
services, but alternative online payments will account for 26% of
e-commerce volume by 2009. A sea change is underway in the online payments
world, with credit cards losing dominance as new payments options emerge.
Credit cards accounted for over 90% of online payment volume in 2000, but
will only account for a minority of e-commerce dollar volume by 2009. This
shift will have significant implications for banks, merchants, and service
providers supporting card-not-present risk for online merchants.
Ed Starrs, MyECheck CEO, commented, "We believe the relationship with Morse
Data is a large opportunity for our company as we have already seen strong
interest from InOrder clients. We are looking forward to providing Morse
Data clients with our leading patented electronic check processing
solution, and adding many valuable customers to our growing portfolio."
About Morse Data
Morse Data Corporation was founded by Jim Morse in 1975. Morse Data is an
innovative leader in the development of enterprise management systems for
national and international businesses in the multi-client fulfillment,
publishing, direct marketing, multi-channel merchant, and internet
retailing industries. Cost effective and modular, InOrder is the scalable,
end-to-end solution that serves as one central system to manage everything
from eCommerce, customer response, campaign & list management, order,
inventory & warehouse management, to accounting and reporting.
About MyECheck
MyECheck Inc. is a leading electronic transaction processor and provider of
alternative payment solutions to credit cards for brick & mortar, internet,
and mobile commerce. MyECheck utilizes a patented method of creating and
clearing remotely created checks (RCCs) for exceedingly fast, secure and
cost effective payments. As the leader in Check 21 solutions and check
image processing for online merchants, MyECheck provides merchants with
financial access to more customers than any other payment method.
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 reports
filed with the Securities and Exchange Commission.
Contact:
Patrick Lowry
916.932.0089
Email Contact