SOURCE: MyECheck, Inc.

MyECheck, Inc.

April 22, 2015 09:30 ET

MyECheck Signs Elite Tech Help to Electronic Check Service

FOLSOM, CA--(Marketwired - Apr 22, 2015) - MyECheck, Inc. (OTC PINK: MYEC), the leader in electronic check solutions for internet and mobile payments, has entered into a contract with Elite Tech Help, a provider of online instant remote computer tech support. Under the terms of the agreement, Elite Tech Support will use MyECheck's revolutionary new electronic check bank transfer system as a lower cost, more secure and faster method to collect payment from their customers.

Electronic checks are like paper checks but are originated electronically and never exist in paper form. They are processed and cleared like a paper check that has been imaged, they are not converted to ACH transfers, instead clear over the Check 21 rails.

Electronic checks offer many benefits over ACH e-checks, they are not limited to a maximum amount and can be used by any business or consumer with a checking account, unlike ACH e-checks that are rejected by checking accounts that are ineligible or disabled from ACH. Electronic checks carry more data than ACH transactions, are returned less frequently, work with more payers and clear faster.

Electronic checks are not subject to NACHA rules, regs, fees and fines, and are not able to be easily reversed like ACH transactions, providing increased payment security for merchants.

About Elite Tech Help: Located in FT. Lauderdale FL, Elite Tech Help services are designed to help customers with online instant remote support for computer related problems without spending time lugging the computer down to a store or waiting for a local technician to come out to the house. Remote support is the easiest way to get instant support for common problems which keep your computer from functioning at top optimization speed. Elite Tech Help is an authorized reseller of StopZilla anti spy-ware. www.elitetechhelp.com.

About MyECheck: Winner of the 2015 PYMNTS Award for Best Check Innovation, MyECheck Inc. is a leading electronic payment technology developer, licensor and payment services provider. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. This patented payment method is the fastest, most secure and most cost effective method of processing payments in the US. MyECheck provides comprehensive payment solutions for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions. For more information, contact sales@myecheck.com

Forward-looking statements in this release are made pursuant to "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 SEC.

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