SOURCE: MyECheck Inc.
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March 18, 2008 09:30 ET
MyECheck's Online Check Processing Available on CardinalCommerce Platform
Partnership Provides Cost Saving Alternative Payment Solution to Credit Cards
SACRAMENTO, CA--(Marketwire - March 18, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading
provider of comprehensive viable alternative payment solutions, announced
that it continues to successfully deploy online check 21 processing
solutions for a number of companies with its partner, CardinalCommerce.
As previously announced, CardinalCommerce customers may now accept MyECheck
as a form of online payment with MyECheck providing faster clearing and
funds availability, substantially reducing charge-backs and risk and
improving cashflow; all at a much lower cost than credit or debit cards.
MyECheck can debit every US checking account, even accounts that ACH cannot
debit, and thus provides online merchants financial access to more
consumers and businesses than any other payment method.
CardinalCommerce enables payment brands such as Verified by Visa,
MasterCard SecureCode, PayPal, eBillme, Bill Me Later, Google Checkout,
MyECheck, and NetCash (with Western Union and NACHA Secure Vault Payments
coming soon) to a network of over 30,000 merchants and thousands of Banks.
Cardinal's proprietary and easily deployable technology provides
consumers, merchants, credit/debit card issuers, and processors the ability
to conduct authenticated Internet, wireless and mobile transactions safely
and securely.
Ed Starrs, CEO of MyECheck, commented, "Our relationship with
CardinalCommerce is beginning to show its value for both companies as we
roll out our products. We expect to be launching a number of new ecommerce
sites onto the system and begin processing increased transactions later
this month."
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.
Please visit www.myecheck.com.
* Patent Number: No. US 7,051,002 B2
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.