MyECheck Inc. (MYEC.OB), a leading electronic transaction processor that provides alternative payment solutions to expensive credit card charges, provides a safe and viable alternative payment solution to credit cards for online commerce. Founded in 2004, MyECheck utilizes a patent-pending method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments.
The company’s proprietary Check 21 solution creates a fast, safe and cost-effective means of processing online electronic payments. MyECheck continues to enhance its functionality and has been actively launching new services, including Remote Deposit Capture and POS solutions. MyECheck provides 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.
MyECheck’s RCC solution provides merchants with financial access to more consumers than any other payment methods, while reducing costs and improving check clearing efficiency. In fact, the company’s RCC solution speeds up the check clearing process by an average of two days, which helps improve clients’ overall cash float. MyECheck is well positioned in a high-growth market and is currently experiencing rapid expansion in the growing e-commerce and online payments industries as online security, fraud and identity concerns continue to rise.
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