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EL DORADO HILLS, CA--(Marketwire - July 29, 2008) - MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce that is has signed Online Commerce Group, LLC (OCG) as a client and will be providing the online retailer with its comprehensive suite of electronic check processing services.
This agreement allows OCG customers to use their checking accounts as an additional form of online payment. MyECheck's patented software can debit every U.S. checking account, even accounts that ACH cannot debit; thus providing online merchants financial access to more consumers and businesses than any other payment method.
MyECheck's payment engine uses patented technology to generate electronic checks ("remotely created checks" or "RCCs") in accordance with the Check 21 specification. MyECheck possesses sole rights to US Patent No. 7,389,913, "Method and Apparatus for Online Check Processing."
OCG is a diversified group of both residential and commercial niche e-commerce stores dedicated in providing superior customer experiences by presenting their valued customers with a product presentation online that allows the customer to get as close to the product as possible, exclusive one on one customer service, and at a competitive price with multiple selections. www.onlinecommercegroup.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.
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