SACRAMENTO, CA--(Marketwire - April 3, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions, announced that it has signed Allow Card of America, Inc. as a client and will be providing the online retailer with its comprehensive suite of electronic check processing services.
Allow Card of America, Inc. is a privately held financial services corporation that helps to empower young people through financial literacy.
The Allow Card prepaid MasterCard® Program consists of online financial literacy sessions, money management capabilities, and an innovative payment tool -- the Allow Card prepaid MasterCard®. Used by Teens to allow them to make purchases safely at schools and area businesses without having to carry cash, checks, or credit cards. The Allow Card prepaid MasterCard® has been developed to provide schools, parents, and students with the ability to facilitate the payment of the students' necessary daily expenses conveniently while reducing risk to all of the parties involved.
Please visit www.allowcard.com for more information.
This agreement allows Allow Card of America consumers 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. |