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March 31, 2008 09:30 EST

 

MyECheck Signs Deal With National Cash Management Systems

SACRAMENTO, CA--(Marketwire - March 31, 2008) - MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive viable alternative payment solutions, is pleased to announce that it has signed an agreement with National Cash Management Systems (NCMS) that allows NCMS customers to accept MyECheck as a form of online payment.

 

National Cash Management Systems (NCMS), the national leader in the sales and marketing of ACH and related payment acceptance services, understands the significance MyECheck's services will have on the market place. "The latest updates to the rules that govern the ACH industry proves that ACH payment acceptance is becoming more and more restrictive and costly to merchants that currently utilize this method of payment acceptance," explains Scott Lewis, President and CEO of NCMS. "Merchants have been relentless in looking for a cost effective ACH alternative that is more merchant friendly than ACH acceptance while being less expensive than credit cards. MyECheck is the ACH alternative that will work for all merchant types. We are extremely pleased and excited about being able to offer this ACH alternative," comments Mr. Lewis.

 

MyECheck was created to satisfy the demand for an alternative payment solution to credit and debit cards for online commerce. MyECheck has developed and utilizes a proprietary method of creating and clearing Remotely Created Check ("RCC") images on behalf of its e-commerce customers, having successfully implemented its proprietary RCC service that enables companies to accept real-time check payments from consumers and businesses online or over a telephone.

 

MyECheck provides additional services to support its RCC service including fraud loss prevention services. MyECheck also provides a number of services such as check remittance processing and remote deposit capture ("RDC") services for brick and mortar companies, banks and retailers.

 

About National Cash Management Systems (NCMS)

NCMS is the industry leader in the sales and marketing of ACH and related payment processing services. By offering merchants the option of utilizing any payment type, check verification services, ID verification services, check processing, and more merchants truly have a one stop option for all their payment processing needs. This along with unsurpassed front line customer support and the most knowledgeable staff in the industry makes NCMS the only option for all your payment processing needs.

www.ncms-inc.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.