As a rapidly growing avenue (at more than 30% per year), ecommerce is seeing a growth in Internet fraud and consumer concerns about security as well. Solutions such as verified by Visa, MasterCard’s securecode, PayPal, Google Checkout, and others have been able to improve security and convert more browsers to buyers. However, merchants are faced with the complexity of implementing numerous payment types while keeping them up to date.
CardinalCommerce is a partner of MyECheck and has developed the industry-leading solution for merchants, shopping carts, gateways, acquiring banks, processors and issuing banks so that implementing these payment initiatives are simplified. This enables merchants to gain the benefits of consumer authentication, lower fees, guaranteed payment, and ultimately reduced fraud. The platform also provides support for most current alternative payment brands such as Bill Me Later, PayPal, Google Checkout, MyECheck, NetCash and Green Dot MoneyPak. Cardinal provides the only hosted solution where one simple integration to their platform provides access to the entire authentication and payment brands for ecommerce and mobile commerce.
MyECheck, Inc. (OTCBB: MYEC) is a certified Check 21 provider that implements CardinalCommerce’s payment platform to give customers better service. MyECheck offers a complete suite of check image creation and clearing solutions. From real-time Internet processing to back office check image clearing, MyECheck has a solution that will lower cost per transaction and allow more consumers to purchase from a participating website. MyECheck provides superior fraud protection and offers industry-leading tools such as identity validation, funds verification and payment guarantee. Additionally, funds are transferred faster with MyECheck compared to credit/debit cards or the ACH network.
The company’s patented merchant payment platform, Cardinal Centinel, provides a secure, simplistic, and fast integration of MyECheck. Cardinal Centinel is a certified leader as one of the most trusted gateway providers, processors and acquiring banks. By utilizing the Centinel platform, merchants can enable MyECheck with minimal time and effort, also providing access to a variety of other payment brands. Once a consumer selects to buy with MyECheck, they enter check data online at the point of checkout. The data is then electronically passed through CardinalCommerce and to the MyECheck network. Funds are securely transferred shortly after the transaction.
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