MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce that it has signed Ascent Processing Inc. as an Authorized Agent providing additional revenue opportunities for MyECheck’s patented Check 21 electronic payment processing software in the property management and rental industries.
Ascent Processing, Inc. offers payment processing to merchants nationwide and have worked with many industries in addition to Travel and Entertainment. Ascent is a registered Visa/MasterCard Member Service Provider for both Elavon/Nova Information Systems through USBank, and First Data through JP Morgan Chase.
Some of their clients include http://www.rental-network.com/, http://www.realtimerental.com and http://www.escapia.com/.
The check is still the largest non-cash payment method in the US, proving that people often prefer to use checks over credit cards. Many online merchants offer no alternative to credit, resulting in lost sales due to many consumers’ inability or unwillingness to purchase using credit.
MyECheck works with more consumers than any other payment method and will lower costs, abandonment, charge-backs and fraud while increasing sales, loyalty and profits for its customers.
Ed Starrs, CEO of MyECheck, said, “RCCs have been used for decades by mortgage companies, insurance companies, credit card companies and many others to collect recurring payments from their customers. Trillions of dollars are processed as checks annually. MyECheck allows these companies to fully automate, eliminate paper from their process, and speed collection by at least 2 days.”
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