EL DORADO HILLS, CA -- (Marketwire) -- 12/09/08 -- MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce that it has launched Superior Business Network (SBN) as a client and is providing the online directory and advertiser with its comprehensive suite of electronic check processing services.
MyECheck allows SBN clients to pay for their services online from their checking accounts. SBN is the parent company of Yellow Pages and has compiled one of the largest online directories to date for U.S. businesses and powers over 10,000 websites. Please visit www.yellowpagescompany.com or www.sbn.com.
The MyECheck software provides SBN with several advantages over other online processing methods. MyECheck provides a more real-time posting, which results in faster clearing and funds availability. The more efficient system significantly reduces charge-backs, risk, and improves cash flow. Processing through MyECheck is very similar to a credit card authorization, but without the charge-back and fraud implications. MyECheck also provides businesses with broader reach and lower operating cost than both credit and debit card processing.
Ed Starrs, CEO of MyECheck, commented, "We are pleased to launch our services with the Superior Business Network of online yellow page websites. Checks continue to be the number one non-cash payment method in America and MyECheck provides both a cost cutting and payment yield maximizing solution."
About MyECheck
MyECheck Inc. is a leading provider of comprehensive alternative payment solutions to credit cards for brick & mortar, internet, and intranet 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 patented RCC solution provides merchants with financial access to more consumers than any other single payment method, allowing the fastest, safest and most convenient way to process electronic payments from customers.
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 reports filed with the Securities and Exchange Commission. |