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April 07, 2008 09:50 EST


MyECheck Inc. Signs Xziex Inc. to Its Electronic Check Technology

SACRAMENTO, CA--(Marketwire - April 7, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions, announced that it has signed Xziex Inc. as a client and will be providing it with its comprehensive suite of electronic check processing services.

 

Xziex Inc. is a company that has developed and markets the XZIEX™ Atmospheric Water Generator, a fusion of science and nature that produces pure, safe drinking water directly from the air we breathe. Xziex provides clean, pure drinking water while, at the same time, dehumidifying the air! And their customers never have to haul bottled water again or have to recycle dozens of plastic bottles.

 

The XZIEX™ water-generation process utilizes ozone to eliminate any microorganisms including bacteria and viruses. Ozone has been used for years to purify water and is accepted by the United States Public Health Service as a methodology for water treatment. Test results of XZIEX™ water measured 99.9% purity, far exceeding EPA requirements.

 

Please visit http://waterpurenetwork.com for more information.

This agreement allows Xziex Inc. customers to use their checking accounts as an additional form of online payment. MyECheck's patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit; thus providing online merchants financial access to more consumers and businesses than any other payment method.

 

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 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.