MyECheck, Inc., (MYEC.OB) made its name by offering a more efficient and secure method of accepting non-card (check) payments for online commerce. MyECheck’s patent-pending method of clearing remotely created checks is the only alternative to the old ACH (automated clearing house) approach for processing e-checks. Compared with ACH, MyECheck items work with more consumer accounts, clear sooner, and provide better charge-back protection than ACH. Instead of using the ACH network, MyECheck processes entirely in a Check 21 environment, governed by Check 21 law and Uniform Commercial Code state law – laws that are easier for clients to comply with, thus reducing operation costs.
But California-based MyECheck also offers international bank transfer payment services, allowing clients to accept non-card bank transfers in local currencies from the world’s 50 largest global markets. Using MyECheck prevents consumer-initiated repudiation and chargebacks, eliminating most types of international payment fraud. Guaranteed funds clear to the merchant’s account in 2-3 days, without paying currency exchange or high transaction fees. The system covers bank accounts in over 120 countries and supports 21 currencies, and also performs foreign exchange if required.
MyECheck (www.MyECheck.com) was founded in 2004 to provide an alternative to the use of credit cards as a payment solution for online commerce, providing superior processing speed, security, and convenience to existing non-card solutions. Since then, MyECheck has continued to grow, offering new and enhanced services to its increasing list of online merchants, call centers, billers, and retail POS clients. Today MyECheck represents the single most comprehensive suite of electronic check processing services in the industry, and offers the fastest, safest, and most cost-effective way to process electronic payments for its clients.
Earlier this year, MyECheck announced an agreement with TransFirst, a leading provider of credit card processing services. This agreement allows TransFirst clients, including Money Tree Services and Bank of America Merchant Services, to accept MyECheck for online check payment.
Let us hear your thoughts: MyECheck Message Board