SOURCE: MyECheck Inc.

March 20, 2008 09:30 ET

MyECheck Signs to Its Online Check Service

Online Jeweler Customers Given Option of Paying Online Using Checking Accounts, MySolitaire is Guaranteed Payment

SACRAMENTO, CA--(Marketwire - March 20, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions, announced that is has signed as a client and will be providing the online retailer with its comprehensive suite of electronic check processing services.

This agreement allows 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 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.

MySolitaire has over 35 years of experience in the diamond, gemstone and jewelry industry. Their diamond and jewelry prices are 40-50% lower than the average U.S. retail prices. MySolitaire's quality standards are highest among all jewelers and each loose diamond they sell is also accompanied by a grading certificate for GIA or EGL, the world's leading diamond grading laboratories.

Ed Starrs, CEO of MyECheck, stated, "We are very pleased to have as a customer, and look forward to their increased growth in eCheck processing with our system. eChecks processed on our system are typically accepted in 1 to 3 seconds with check approval rates averaging over 90%, with many merchants exceeding over 95%."

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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