SOURCE: MyECheck Inc.

March 11, 2008 09:30 ET

MyECheck Partners With AE Checking to Provide Its Online Check Service

AE Checking Merchants Now Provided With Check 21 (RCC) Platform

SACRAMENTO, CA--(Marketwire - March 11, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions, announced that it has signed AE Checking Inc. as a gateway partner and is providing the online processor with its comprehensive suite of electronic check processing services.

AE Checking's merchant clients may now process Remotely Created Check transactions through the MyECheck payment engine. MyECheck uses patent pending technology to generate electronic checks in accordance with the Check Clearing for the 21st Century Act (HR 5414 - "Check 21") specifications. These eChecks are transmitted in near real-time to MyECheck's partner banks, or directly to the check clearing system for faster clearing.

AE Checking began successfully processing through the MyECheck system in September 2007. AE Checking's volume has ramped up as they continue to convert their ACH business to the Remotely Created Check Service. AE Checking also plans to expand its business by adding new customers as a result of offering the Remotely Created Check Service.

AE Checking will serve as a gateway to the MyECheck solution for all sub-prime merchants. MyECheck's Check 21 solution bypasses the ACH system, and the solution substantially reduces charge-backs and risk and improves cash-flow; all at a much lower cost than credit or debit cards.

Ed Starrs, CEO of MyECheck, stated, "We are very excited to have AE Checking as a partner, and look forward to working with their merchants to accept this new form of ecommerce payment. Merchants who engage in all forms of commerce including web, telephone and point of sale can now utilize a single platform, MyECheck, for all their check processing, and benefit from faster collection of funds."

About AE Checking

AE Checking has responded to the needs of their clients by creating the most innovative and merchant friendly eCheck (ACH) and Check21 (RCC) platform in the industry. Their platform includes merchant controlled payment schedule processing, flexible redeposit scheduling to provide higher collection rates and a customer service interface developed with and for their merchant specifications. As they continue to grow, their goal is to provide their merchants the most advanced technology along with the highest level of customer service in the industry.

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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