MyECheck Inc., (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions announced that it has commenced trading on the NASD Over-the-Counter Exchange under the symbol MYEC.
MyECheck was created to satisfy a demand for an alternative payment solution to credit cards for online commerce. The check is still the largest non-cash payment method in the United States, demonstrating that people often prefer to use checks over credit cards.
MyECheck has developed and implemented a patent pending process that enables consumers and businesses to purchase online using checks. Although the ACH network is being used to debit some consumer accounts for online transactions, ACH-based e-check schemes suffer from many shortcomings that are overcome by the MyECheck solution, making MyECheck the most viable alternative to credit transactions.
Online merchants prefer the MyECheck solution because, unlike ACH, it works with every US checking account, and funds clear much faster than ACH, among many other benefits. MyECheck offers a fully comprehensive integrated solution that includes consumer identity validation, funds availability verification, check image creation and clearing and full online reporting with ease of integration.
As the leader in 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.
Ed Starrs, CEO of MyECheck, commented, “The check is still the largest non-cash payment method in the US, demonstrating that people often prefer to use checks over credit cards. In spite of this, many online merchants offer no alternative to credit, resulting in lost sales due to many consumers’ inability or unwillingness to purchase using credit. MyECheck provides industry leading turn-key imaging solutions enabling merchants, corporations and banks to remit Check 21 items directly for immediate clearing. MyECheck eliminates paper, reduces costs, speeds clearing and improves floats.”
