"We strive to bring ecommerce, people and businesses together." | About MyECheck
MyECheck, Inc. utilizes a patented method of creating and clearing remotely created checks (RCCs), providing an Internet gateway to Check 21 processing.
MyECheck was founded and incorporated in October 2004 by a group of payments industry professionals to leverage the new law and its technologies. The Check Clearing for the 21st Century Act (Check 21) became law the same month, and is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation.
MyECheck is the first to market with this type of service in the multi-trillion dollar paper check image processing industry, while maintaining a leadership position as an online Check 21 processor. And, MyECheck is the best new technology for merchant processing that bypasses ACH (Automated Clearing House) issues by allowing merchants to deposit funds without the usual waiting period needed by other processors.
MyECheck takes full advantage of Check 21, and has created the world’s first Check 21 solution for online merchants. |
Financial Summary
• | MyECheck’s revenue grew over 1078% in 2008, the highest revenue growth rate of any public company in its industry. | • | MyECheck’s patented transaction engine has successfully processed several million checks in its first 18 months of operation. | • | Current economic conditions are uniquely favorable for non-credit based payment systems. | • | MyECheck’s market size is measured in trillions of dollars. | • | MyECheck’s services provide access to more customers, faster funds clearing, more secure transactions at a fraction of the cost of competitors. |
Today, MyECheck is a leader in Check 21 solutions offering the most comprehensive suite of electronic check processing services in the industry. |
