EL DORADO HILLS, CA -- (Marketwire) -- 08/24/09 -- MyECheck Inc. (OTCBB: MYEC), an
electronic transaction processor and provider of Check 21 alternative
payment solutions, is pleased to announce that it has signed the
Metropolitan Benefit Group as a client.
The Metropolitan Benefit Group is the premier provider of warranty products
for top companies in North America, South America, Europe & the
Caribbean. They specialize in administration, underwriting and marketing
of warranty and service contracts in the wholesale and retail markets.
Please visit http://www.metropolitanbenefit.com/
MyECheck's patented RCC image service is the world's first Check 21
processing solution for remote and online transactions, and is ideal for
recurring payments and batch transactions. MyECheck's RCC solution can
clear funds from any checking account in the Federal Reserve banking
system; more institutions and accounts than ACH can reach. RCC images clear
faster than ACH, and have fewer return reasons. RCCs are not governed by
NACHA and are not subject to their rules, fees, fines and chargeback
policies
MyECheck is the first to market with this type of service in the
multi-trillion dollar paper check image processing industry, while
maintaining a leadership position as an online Check 21 processor.
MyECheck services lower transaction abandonment, virtually eliminate
charge-backs, increase market size, increase conversion rates and increase
profits for its clients.
Ed Starrs, CEO of MyECheck, commented, "MyECheck continues to add merchants
to its software platform thereby increasing the prospects of long term
revenues to the company. This announcement and other similar ones only
highlight some of the larger partnerships that the Company is signing and
do not include the myriad of smaller customers signing up for our
services."
About MyECheck
MyECheck Inc. is a leading electronic transaction processor and provider of
alternative payment solutions utilizing a patented method of creating and
clearing remotely created checks 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 "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 SEC.
Contact:
Patrick Lowry
916.932.0089
Email Contact