MyECheck quietly goes public, 'really ramping up'

Sacramento Business Journal - by Staff writer Mark Anderson Friday, March 28, 2008

MyECheck Inc. has gone public, and the El Dorado Hills electronic check-processing company is quickly lining up customers.

"We're in the thick of it now. This is the year we come into our own," said Ed Starrs, founder and president. Starrs has been working on electronic payment technology for many years, and on remote checking payments for four years with MyECheck.

He has applied for a patent for the proprietary method and equipment for remotely presenting checks for payments.

MyECheck requires no physical check. It generates electronic checks and transfers them for processing to banks or directly to the Federal Reserve. The company doesn't use the credit card payment system or the Automated Clearing House (ACH) network; instead it creates an electronic check for processing following the four-year-old federal Check 21 rules, which allow for replacing the paper check with a digital image.