SOURCE: MyECheck Inc.

March 19, 2008 09:30 ET

MyECheck Inc. Launches Royal Settlement Services Inc. on Its Online Check Service

Partnership Provides Cost Saving Alternative Payment Solution to Credit Cards

SACRAMENTO, CA--(Marketwire - March 19, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions, announced that it has signed Royal Settlement Services Inc. as a client and is providing the online retailer with its electronic remotely created check processing services.

This agreement allows Royal Settlement Services customers to use their checking accounts as a form of payment online or over the phone, with payment guaranteed to Royal Settlement Services. MyECheck's patent pending software can clear checks from every U.S. checking account, even accounts that ACH cannot debit; thus providing online merchants financial access to more consumers and businesses than any other payment method.

MyECheck provides faster clearing and funds availability, substantially reduces charge-backs and risk and improves cash-flow; all at a much lower cost than credit or debit cards. Guaranteed eChecks processed on the MyECheck system are typically accepted in 1 to 3 seconds with check approval rates averaging over 90%, with many merchants exceeding over 95%.

Royal Settlement Services, Inc. provides quality Title and Appraisal Services to lenders across the United States. They provide a secure web interface for our customers and partners to assist in tracking and updating orders. For more information, please visit

About MyECheck

MyECheck Inc. is a leading provider of comprehensive viable alternative payment solutions to credit cards for brick & mortar, internet, intranet and mobile commerce. MyECheck utilizes a proprietary method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck's patent pending RCC solution provides merchants with financial access to more consumers than any other single payment method. MyECheck offers the fastest, safest and most convenient way to process electronic payments from customers.

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Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in periodic reports filed with the Securities and Exchange Commission.

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