SACRAMENTO, CA--(Marketwire - December 10, 2007) - MyECheck Inc., (NASD), a leading provider of comprehensive viable alternative payment solutions, announced that it has partnered with preCharge Risk Management Solutions to provide in-depth loss prevention services to MyECheck customers.
preCharge Risk Management Solutions (www.precharge.com) is a global leader in chargeback and fraud prevention services. With a network reach spanning nearly 200 countries and billions of possible data points, preCharge maintains one of the largest fraud databases in the world, providing merchants with the tools and resources to do more business globally.
Benefits to MyECheck clients now include:
-- Automated online check authorization with full payment warranty
-- Checks are typically accepted in 1 to 3 seconds
-- Technology maximizing transaction approvals -- mitigates most false
negatives
-- Check approval rates average 90%+ with many merchants exceeding 95%
-- Full liability coverage for approved transactions -- merchant is
reimbursed 100% of the value of returned checks, in as little as 5 days
-- One step approval process
-- No warranty fees on declined transactions
-- Provides guaranteed e-check transactions at rates lower than non-
guaranteed card rates
Ed Starrs, CEO of MyECheck, commented, "This alliance with preCharge helps forge our position as the leader in Check 21 solutions offering the most comprehensive suite of electronic check processing services in the industry. Our clients are excited at the prospect of being able to guarantee payments before fulfilling orders. This will provide them with the knowledge that revenues that have been booked will, in fact, be realized at the end of the day."
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. | 
