LAS VEGAS, NV--(Marketwire - April 16, 2008) - Electronic Transactions Association Conference 2008 -- MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions to credit cards for internet, intranet, mobile commerce and brick & mortar platforms, announced that is has entered into an agreement with IP Commerce, Inc., a software company delivering on-demand access to the next generation of commerce services, to integrate its check processing service into the IP Commerce Platform.
The partnership provides MyECheck access to new software company partners to develop ecommerce solutions that include the MyECheck check processing service. IP Commerce also provides MyECheck with scalable distribution opportunities to quickly broaden access to this new form of online payment that is rapidly gaining in popularity amongst online merchants.
IP Commerce conducted the integration of the MyECheck services into the IP Commerce Platform where software companies gain access to the MyECheck service through the free Commerce Toolkit for Applications. The IP Commerce Platform unites software companies, service providers and distributions channels in a new, dynamic environment that negates the need for proprietary, one-to-one connections. It is designed to reduce the time, cost and effort associated with the creation and distribution of new, secure commerce solutions. The Platform's additional supported payment types include bankcard processing, electronic check, ACH, remote deposit capture, and stored value.
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. eCheck processing on the MyECheck system functions much like credit card authorization; however, MyECheck transactions can be guaranteed, eliminating the impact of fraud on merchants. Guaranteed transactions are authorized and processed in real-time with transaction success rates exceeding Card and ACH eCheck success rates.
About IP Commerce
IP Commerce, Inc. is the software company behind the world's first open commerce network delivering on-demand access to the next generation of commerce services. The IP Commerce Platform, the company's flagship product, is the first open network to connect commerce services from leading financial institutions with software developers and established distribution channels. Based on the principles of service-oriented architecture, IP Commerce makes services accessible to small businesses that are critical to daily business operation and that traditionally have been exclusively available to large businesses. IP Commerce opens worlds of commerce, large and small.
Based in Denver, Colo., IP Commerce, Inc. maintains partnerships with some of the world's most respected financial institutions and software companies. The company is backed by leading investors, including Appian Ventures and Meritage Funds. For more information, visit www.IPCommerce.com.
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. |
