SOURCE: MyECheck Inc.

June 12, 2008 09:55 ET

MyECheck Inc. Signs Unlimited Furniture to Its Online Check Service

MyECheck Gaining Traction in Retail eCommerce Industry That Is Growing in Double Digits

SACRAMENTO, CA--(Marketwire - June 12, 2008) - MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, announced that is has inked Unlimited Furniture as a client and will be providing the online retailer with its comprehensive suite of electronic check processing services.

This agreement allows Unlimited Furniture customers to use their checking accounts as an additional form of online payment. MyECheck's patent pending software can debit 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 requires no physical check from the payor or payee for processing, generating electronic checks that adhere to the Check 21 specification and transfer them for further processing to banks or directly to the check clearing system.

MyECheck is the first to market with this type of service in the multi-trillion dollar paper check image processing industry, while maintaining a leadership position as an online Check 21 processor. And, MyECheck is the best new technology for merchant processing that bypasses Automated Clearing House issues by allowing merchants to deposit funds without the usual waiting period needed by other processors.

Ed Starrs, CEO of MyECheck, commented, "The US Department of Commerce released retail e-commerce sales data recently showing that online sales grew by 13.4% during Q1 2008 over Q1 2007. Combined with an increase in the use of electronic check payments, we expect our services to be in ever increasing demand as our software gains traction."

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.

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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 reports filed with the Securities and Exchange Commission.

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