MyECheck Inc. (MYEC.OB)

OTC Bulletin Board / MyECheck Inc. (MYEC.OB)

Last Post:  on 1/14/2009 4:09:40 PM | 68 Total Posts

Posted by:
Michael

06/12/2008
17:11:34 PM

MyECheck Inc. (MYEC.OB) Announced the Addition of Symmetry Direct Corporation to Online Processing List MyECheck Incorporated is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. Recently, MyECheck proudly announced that Symmetry Direct Corporation is now processing live though MyECheck’s Check 21 Software. With this partnership, Symmetry Direct can now benefit from the increased sales, lower costs, faster clearing time and fund availability associated with MyECheck merchants. The CEO of MyECheck, Ed Starrs, commented on the addition of Symmetry Direct by saying, “A sea change is underway in the online payments world, with credit cards losing dominance as new payments options emerge. Credit cards accounted for over 90% of online payment volume in 2000, but will only account for a minority of e-commerce dollar volume by 2009. MyECheck is part of that revolution.” Symmetry Direct is a producer of nutritional supplements, weight management products, and nutraceuticals. They are based in Milpitas, California and have been operating in the supplement market since 1995. The company has been experiencing consistent double digit revenue growth and is now turning to MyECheck to help continue this trend. MyECheck will provide Symmetry Direct with a substantially reduced number of charge-backs and risk, and improve cash-flow. Moving forward, all transactions can be guaranteed by MyECheck, eliminating the impact of fraud on Symmetry Direct. These transactions will deliver success rates exceeding those of card and ACH eChecks. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

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Michael
6/12/2008 5:13:54 PM

MyECheck, Inc. (MYEC.OB) Reports a Substantial Rise in Unaudited Revenues in Second Quarter MyECheck, Inc. (OTCBB: MYEC) recently announced that unaudited revenues for the first two months of the second quarter of 2008 increased over 100% compared to their first quarter’s results. For the month of May 2008, the company’s unaudited revenues increased by over 60% compared to the numbers in April 2008. The company pointed out that, although there has been an economic downturn in many regards, their latest figures demonstrates a significant change when it comes to online retailing. A recent report by eMarketer estimates that U.S. retail e-commerce sales (excluding travel) will reach as much as $146 billion during this year alone, a 14.3% increase from 2007. It should be noted that the numbers specified in the company’s report are unaudited, and are only based on the financial information that is available to them. According to Barrington Research, the 16-stock group of electronic transaction processors recorded their second consecutive month of positive price performance with a mean return of 4.47%. Some of the stocks that registered prosperous returns for the month include Western Union at 2.8%, Cardtronics at 18.9%, Heartland Payments at 17.9%, Global Cash at 15.7%, and Fidelity National at 11.7%. Ed Starrs, CEO of MyECheck, said, “Our growth in this period is unprecedented for the company, and we expect that we will continue to increase our revenues as more of our customers are added.”Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/12/2008 5:21:52 PM

MyECheck Inc. (MYEC.OB) Signs CedarStore.com Network of Sites to Its Online Check Service Since the beginning of the year, MyECheck, an electronic transaction processor and provider of alternative payment solutions, has been adding on new online retailers to its electronic processing services. Included in that list is CedarStore.com, which MyECheck announced this morning has a signed an agreement to use their products and services. According to the agreement, CedarStore.com’s customers will now be able to use their checking accounts as an additional form of online payment. CedarStore.com strives to make the customer’s experience easy and fun. Using MyECheck’s patent-pending software, CedarStore can debit every U.S. checking account, including accounts that ACH can’t debit, thus providing CedarStore.com financial access to more consumers and businesses than any other payment method. Established in 1992, CedarStore.com is the leading supplier of outdoor furniture and gazebos in Pittsburgh and Western Pennsylvania. Since 1999, their online store has been gaining global popularity with people from around the world. The company’s specializes in outdoor living and their list of products includes patio gliders, chaise lounges, porch swings, rockers, picnic tables, gazebos, and much more. They also have other informative websites where their customers can get information on the different characteristics and advantages of the materials used in Cedarstore.com’s products. Those sites are a part of the Cedarstore.com network that will also utilize MyECheck products and services. Another benefit that MyECheck provides its merchants is reduced charge-backs, and the ability to verify the status of a customer’s bank account, including bad checks, prior to authorizing a transaction. They also offer full integrated collections at no additional charge, and payment guarantees.Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/12/2008 5:29:16 PM

MyECheck Inc. (MYEC.OB) Signs Unlimited Furniture to Its Online Check Service MyECheck Inc. (OTCBB: MYEC) announced today that it has signed on a new client, Unlimited Furniture, and will be providing the company with its comprehensive suite of electronic check processing services. The accord will give Unlimited Furniture customers the ability to use their checking accounts as an alternative way to pay for products. MyECheck’s unique patent pending software is able to debit any U.S. checking account, including those that ACH cannot debit, enabling online merchants to expand their potential marketing base to more consumer and businesses. The process doesn’t require a physical check and adheres to the Check 21 specification. “The US Department of Commerce released retail e-commerce sales data recently showing that online sales grew by 13.4% during Q1 2008 over Q1 2007,” commented Ed Starrs, CEO of MyECheck. “Combined with an increase in the use of electronic check payments, we expect our services to be in ever increasing demand as our software gains traction.” Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/18/2008 6:25:12 PM

MyECheck Inc. (MYEC.OB) Services Giving Businesses Confidence in a Shaky Economy MyECheck Inc. is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. In today’s turbulent economy, cash and electronic transactions are the preferred method of payment by vendors, and surveys show that consumers like using checks. A perfect solution is MyECheck, and the company provides a variety of services that can be used by vendors to expedite check clearing and availability, reduce risk, improve cash flow and provide greater confidence in successful transactions. These services are available for many applications and can be used for transactions made over the Internet, or the phone. They can also be used for recurring payments and batch payments. These services are compatible with bank accounts in over 120 countries and facilitate fund transfers from 21 different currencies. The methodology employed by MyECheck prevents consumer-initiated repudiation and chargebacks, eliminating most types of international payment fraud. MyECheck also offers several value-added services as an option to customers. Their Financial Verification Services, or FVS for short, allow MyECheck to verify the status of the customer’s bank account and determine if the customer is a recent check bouncer. The Guaranteed International Payments plan, GIP, offered by MyECheck guarantees payment internationally within 2 to 3 days and will perform a low-cost, foreign currency exchange when needed. In addition to FVS, MyECheck offers an Identity Validation Service which can be purchased at three different levels. These levels vary from a basic identification check all the way to an in-depth validation report. Finally, MyECheck offers a collections and guarantee service which provides a cost-free, fully integrated collections service, and for a minimum fee can provide a payment guarantee. All of these features are helping to restore confidence to the growing list of vendors signing up with MyECheck. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/18/2008 9:45:56 PM

MyECheck, Inc. (MYEC.OB) Signs Raza.com to Its Online Check Service MyECheck announced this afternoon that it has signed on Raza.com, a telecommunications company, as a new client and will be providing them with its comprehensive suite of electronic check processing services, allowing Raza.com to offer its customers the ability to use their checking accounts as an alternative form of online payment. MyECheck’s unique patent-pending software is able to debit any U.S. checking account, including those that ACH cannot debit, enabling online merchants to expand their potential marketing base to more consumer and businesses. The process doesn’t require a physical check and adheres to the Check 21 specification. Raza.com is a privately owned firm based in Chicago, IL. The company is managed by knowledgeable executives that have experience in processing payments, networking, information services, retail marketing, telecommunications and switch facilities. Their focus is on providing international calling cards that offer cheap rates. The phone card industry has grown into a $4 billion industry with approximately 500 million cards sold last year alone. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/21/2008 4:39:45 AM

MyECheck, Inc. (MYEC.OB) Launches Checkgateway on Its Check 21 (RCC) Software Platform MyECheck Inc.(OTCBB: MYEC), a major provider of comprehensive alternative payment solutions and electronic payment processing via patent pending software solutions, today announced that Checkgateway, a leading provider of electronic payment services, is now using MyECheck’s patented software to process e-checks on behalf of its merchant clients. Checkgateway, a participating electronic payments gateway partner, and its clients are now able to process Remotely Created Check (RCC) check transactions using MyECheck’s payment engine. This RCC, applicable to Internet, phone, and batch payments, offers financial access to more consumers than any other payment method, and – in accordance with the Check Clearing for the 21st Century Act (HR 5414 - “Check 21″) specifications, provides the safest method for processing electronic payments from customers. In addition, transmission of MyECheck funds occurs in near real-time, making for more readily available funds. Checkgateway is both a leader and innovator in the Automated Clearing House (ACH) industry, a nationwide electronic funds transfer (EFT) system that facilitates inter-bank clearing of credit and debit transactions. The company has been an ACH service bureau member since 1993, and is also an affiliate member of the NACHA (formerly the National Automated Clearing House Association), or The Electronic Payments Association, which is a not-for-profit organization that oversees the ACH by developing operating rules and business practices. MyECheck, which offers both RCC and RDC (Remote Deposit Capture) transaction processing facilities, is finding that its Check 21 solution is experiencing rapid growth in the growing e-commerce and electronic payments industries. This RCC image service is now the world’s first Check 21 solution for remote transactions. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/23/2008 5:08:51 PM

MyECheck, Inc. (MYEC.OB) - Times Are Changing For Online Transactions It was just a short time ago - in fact less than 8 years - when 95% of all purchases online were made with a credit card. As Internet commerce increased, so did the desire for alternative methods of payment, and such services as Paypal were created. But history and consumer surveys both show that the use of some form of check is still one of the most preferred methods of payment, and it’s been estimated in industry circles that, within a few short years, credit card transactions will be in the minority on the Internet. With that in mind, MyECheck (trading under the symbol MYEC) offers online merchants, call centers, billers, retail POS and RDC/back office applications an array of comprehensive Check 21 imaging, processing and related solutions. So, just what is this “Check 21″ that we hear so much about lately? Well, the “Check Clearing for the 21st Century Act” (commonly known as Check 21) was signed into law on October 28, 2003, and became effective on October 28, 2004. Check 21 is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation. The law facilitates check truncation by creating a new negotiable instrument called a substitute check, which permits banks to truncate original checks to process check information electronically, and to deliver substitute checks to banks that want to continue receiving paper checks. A substitute check is the legal equivalent of the original check and includes all the information contained on the original check. A common question often asked is “isn’t that what Automated clearing house (ACH) transactions do?” and to some extent that would be true. But the ACH transactions fall far short of what MyECheck offers its customers. MyECheck works with more consumer accounts, clears sooner, and provides superior charge-back protection over ACH transactions. MyECheck can debit every US checking account, even accounts that ACH cannot debit. These include accounts at many credit unions, S&Ls, small banks, brokerage accounts, business accounts and credit card check accounts. In fact, MyECheck provides access to more customers than any other single payment method. If it was simply the range of accessible checking accounts that made MYEC different, they’d be worthy of a good close look, but that’s just one facet of their offerings. With Financial Verification Services, prior to authorizing a transaction, MyECheck can verify the status of the customer’s bank account and determine if the customer is a recent check bouncer. Utilizing their Identity Validation Services, MyECheck offers 3 levels of identity verification, including a high-assurance ID validation. The system currently supports 21 currencies and will even perform low-cost foreign exchange when required. That is a fine and well rounded complement of services to offer any business that needs payment processing. As online commerce continues to grow, MyECheck is growing right along with it, offering up real-world solutions to all types of retail and cyberspace merchants. Investors would do well to keep their eye on this company for further developments.Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/23/2008 5:17:45 PM

MyECheck, Inc. (MYEC.OB) Signs Mentor Public Schools to Its Online Check Service MyECheck, Inc. announced today that it has signed on Mentor Public Schools as a client and will be providing the Ohio School District with its comprehensive suite of electronic check processing services. The company’s eCheck solution will allow parents to debt their checking accounts for payments such as adding funds to their children’s lunch cards. MyECheck’s unique, patent-pending software is able to debit any U.S. checking account, including those that ACH cannot debit, enabling online merchants to expand their potential marketing base to more consumers and businesses. The process doesn’t require a physical check and adheres to the Check 21 specifications established by law. Commenting on the news, Ed Starrs, CEO of MyECheck, stated, “We are excited to have our first school district sign to our software and see this as a potential segue into other school districts, colleges and government agencies.”Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
6/25/2008 3:30:17 AM

MyECheck, Inc. (MYEC.OB) - Times Are Changing For Online Transactions It was just a short time ago - in fact less than 8 years - when 95% of all purchases online were made with a credit card. As Internet commerce increased, so did the desire for alternative methods of payment, and such services as Paypal were created. But history and consumer surveys both show that the use of some form of check is still one of the most preferred methods of payment, and it’s been estimated in industry circles that, within a few short years, credit card transactions will be in the minority on the Internet. With that in mind, MyECheck (trading under the symbol MYEC) offers online merchants, call centers, billers, retail POS and RDC/back office applications an array of comprehensive Check 21 imaging, processing and related solutions. So, just what is this “Check 21″ that we hear so much about lately? Well, the “Check Clearing for the 21st Century Act” (commonly known as Check 21) was signed into law on October 28, 2003, and became effective on October 28, 2004. Check 21 is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation. The law facilitates check truncation by creating a new negotiable instrument called a substitute check, which permits banks to truncate original checks to process check information electronically, and to deliver substitute checks to banks that want to continue receiving paper checks. A substitute check is the legal equivalent of the original check and includes all the information contained on the original check. A common question often asked is “isn’t that what Automated clearing house (ACH) transactions do?” and to some extent that would be true. But the ACH transactions fall far short of what MyECheck offers its customers. MyECheck works with more consumer accounts, clears sooner, and provides superior charge-back protection over ACH transactions. MyECheck can debit every US checking account, even accounts that ACH cannot debit. These include accounts at many credit unions, S&Ls, small banks, brokerage accounts, business accounts and credit card check accounts. In fact, MyECheck provides access to more customers than any other single payment method. If it was simply the range of accessible checking accounts that made MYEC different, they’d be worthy of a good close look, but that’s just one facet of their offerings. With Financial Verification Services, prior to authorizing a transaction, MyECheck can verify the status of the customer’s bank account and determine if the customer is a recent check bouncer. Utilizing their Identity Validation Services, MyECheck offers 3 levels of identity verification, including a high-assurance ID validation. The system currently supports 21 currencies and will even perform low-cost foreign exchange when required. That is a fine and well rounded complement of services to offer any business that needs payment processing. As online commerce continues to grow, MyECheck is growing right along with it, offering up real-world solutions to all types of retail and cyberspace merchants. Investors would do well to keep their eye on this company for further developments.Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

Michael
7/1/2008 12:36:47 PM

MyECheck, Inc. (MYEC.OB) Makes Online Commerce Simple and Easy to Use In today’s world, with new technological advancements popping up everywhere you look, one industry at the forefront of this advance is the alternative payment solutions segment of e-commerce. One of the companies that leads in this arena is MyECheck, Inc. (OTCBB: MYEC), a company that was created to satisfy the demand for viable payment solutions to credit cards for online commerce. MyECheck utilizes a patent-pending method for creating and clearing remotely created checks (RCC’s) for exceedingly fast, secure and convenient payments. MyECheck is different in that other “e-check” solutions are automated clearing house (ACH) transactions. MyECheck does not utilize the ACH network, so when compared with competitive ACH eCheck transactions, MyECheck items work with more consumer accounts, clear sooner, and provide superior charge-back protection. Items that are processed by MyECheck are done so in an entirely Check 21 environment. All items that are created by the company, including electronic RCC’s, are governed by Check 21 law and the varying state regulations regarding the Uniform Commercial Code. These laws are more favorable to the recipient, as opposed to the laws governing ACH transactions. The reason why MyECheck items clear faster is because each transaction is created, file-formatted and submitted directly into the banking system for the fastest possible clearing in near real-time, providing the bank with expedited availability. This results in a reduced risk involving errors and fraud, the cash flow is improved greatly, and services are provided sooner with greater confidence. MyECheck can debit every U.S. checking account, even accounts that ACH cannot debit, such as credit unions, small banks, brokerage accounts, business accounts, and credit card check accounts. There are additional services that make MyECheck stand out as the future leader in the alternative payment solutions and e-commerce industry. The company offers financial verification services that allow MyECheck to verify the status of a customer’s bank account and determine if the customer has recently bounced a check before completing the transaction. There are also guaranteed international payments, collections and guarantees (i.e., fully integrated collections at no additional charge), and identity validation services. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net

 

 

 

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