SACRAMENTO, CA -- (MARKET WIRE) -- May 16, 2007 -- MyECheck Inc., a leading provider of comprehensive Check 21 imaging, processing and related solutions, today announced that the company has successfully launched remote deposit capture services for corporate back office check scanning and Fed image clearing.
The new service enables merchants to scan checks at the point of sale or back office and remit properly formatted image files directly to the Fed for immediate clearing to their bank account. The service bypasses the bank of first deposit on the forward process so that the checks clear the same day or overnight.
MyECheck delivers robust, high-quality and cost-effective imaging services that are "plug & play" for businesses of all types and sizes. MyECheck's RDC solutions deliver unparalleled scanning accuracy and sophisticated file repair and adjustment features providing the industry's highest capture rates and cost reductions. The systems interface with back-end accounting systems with little or no customization costs.
MyECheck has certified a number of leading check scanners for use with its solutions. MyECheck is certified by the Federal Reserve and uses FedLine to transmit ANSI X9.37 files containing check images and related data to the Fed for immediate clearing.
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. | 
