SOURCE: MyECheck Inc.

May 14, 2007 13:00 ET

MyECheck Inc. Granted FedLine Account by Federal Reserve Bank

MyECheck Successfully Clears Check 21 Image Files Directly Through Federal Reserve

SACRAMENTO, CA -- (MARKET WIRE) -- May 14, 2007 -- MyECheck Inc., a leading provider of comprehensive Check 21 imaging, processing and related solutions, today announced that the Federal Reserve has granted MyECheck a FedLine Account.

FedLine is a stand alone, PC-based hardware and software package providing financial institutions access to accounting, Automated Clearinghouse (ACH), book-entry securities, cash, check, treasury services, and Fedwire funds transfer applications. These applications allow for the creation and transmission of payment messages, account balance monitoring, and other functions performed via encrypted dial-up sessions with the Federal Reserve Bank's host computer.

MyECheck was recently certified by the Federal Reserve and has used its FedLine account to successfully transmit ANSI X9.37 files to the Fed for immediate clearing.

About MyECheck

MyECheck, Inc. is a provider of real-time online check processing for merchants that utilizes a patent pending method of creating and clearing remotely created checks (RCCs), providing an Internet gateway to Check 21 processing. MyECheck is the best new technology for merchant processing that bypasses ACH (Automated Clearing House) issues by allowing merchants' access to more consumers, faster funds availability at lower risk. MyECheck created check image files are transmitted directly to the Federal Reserve for immediate clearing to the merchant's bank account. MyECheck's full suite of check services includes image creation and clearing solutions for Internet, phone order, retail point of sale, and remote deposit capture (RDC) for back office applications.

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