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MyECheck, Inc. (MYEC.OB) Keeps on Expanding and Adding Online Retailers

MyECheck is continuing its expansion and has added several new online businesses to its Check 21 eCommerce Payment Platform. The latest company includes Forever Living Products, a multi-level marketing distribution company with over 9 million distributors that sell Aloe Vera-based products. MyECheck will be providing Forever Living with its comprehensive suite of electronic check processing services. This agreement allows FLP customers to use their checking accounts as an additional form of online payment.

Earlier this week the company also partnered with San Diego-based Secure Payment Systems for check authorization and check guarantee services. The combined MyECheck SPS solution enables MyECheck merchants to ship the same day with confidence that they will be paid, even if their customer’s check bounces. Check authorization services are offered with or without check guarantee. In less than one second, Secure Payment Systems authorizes checks from its database of millions of records, accessing both local and national negative files of unpaid checks, along with other proprietary verification services. With the guarantee service, the authorized checks that bounce are reimbursed to MyECheck merchants in full within 14 days.

MyECheck also announced on Monday that it has signed an agreement with TonerMax. TonerMax provides customers with a wide variety of toners and related office supplies. The agreement allows TonerMax customers to use their checking accounts as an additional form of online payment.

MyECheck has also joined forces with Transfirst, a leading provider of credit card processing services and payment enabling technologies, to provide a full suite of comprehensive Check 21 imaging, processing and related solutions for online merchants, call centers, billers, retail POS and RDC/back office applications. As one of the multiple merchant payment processing options offered by TransFirst, customers will be able to enter check data safely and securely via Internet and phone, as well as recurring and batch payments.

Senior Vice President Andrew Rueff stated, “The team at TransFirst realizes our merchant customers have varying needs for their transaction processing solutions. As a result, we seek companies like MyECheck who can offer secure, reliable options for accepting online payments.”

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