MyECheck to Provide Fully Electronic Check Services to the iCard1 Network
April 02 2014 - 11:48AM
Marketwired
MyECheck to Provide Fully Electronic Check Services to the iCard1
Network
Electronic Banking and Debit Card Networks to Be Funded by
MyECheck Services
EL DORADO HILLS, CA--(Marketwired - Apr 2, 2014) - MyECheck,
Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), an electronic payment
solutions provider and the leader in fully electronic check
technology today announced that iCard1, an innovative global
electronic banking platform and payment services provider, has
signed an agreement for MyECheck services. MyECheck will facilitate
the funding of electronic bank, e-wallet and debit card accounts on
the global iCard1 electronic banking and payment network.
iCard1 is a global leader in the development and deployment of
private closed loop electronic banking and payment networks for
governments, banks and corporations worldwide. Closed loop networks
exist independent of the major brand commercial credit networks
such as Visa, MasterCard, American Express and debit networks Star,
Cirrus and Maestro. Private electronic banking and payment networks
are not subject to the fees and rules of the established commercial
networks and are rapidly expanding globally.
MyECheck will provide comprehensive account funding and other
payment and related services to the private electronic banking and
payment networks using the iCard1 platform. These private payment
networks include closed loop corporate, government and financial
services card networks.
Ed Starrs, CEO of MyECheck, commented, "This agreement with
iCard1 to provide our exclusive capabilities demonstrates our
commitment to partner with leading technology providers of high
strategic value. We are very optimistic about the revenue prospects
for this agreement and the additional opportunities created through
this partnership."
About iCard1 iCARD1 is a full service business-to-business
cash-card service bureau; composed of visionary, innovative and
highly-experienced professional business managers and technology
experts with a proven track record encompassing over twenty five
years in the prepaid/debit/cash card/e-wallet and communications
field both domestically in Canada, USA, Asia, Latin America, Europe
and Africa.
Please visit www.icard1.com
About MyECheck MyECheck Inc. is a leading electronic payment
technology developer providing a new electronic payment method that
is replacing cash, paper checks, credit & debit cards, and ACH
"e-check" payments. MyECheck operates under license to US Patent
7,389,913, "Method and Apparatus for Online Check Processing"
granted June 2008. The patented new fully electronic real-time
payment method is the fastest, most secure and most cost effective
method of processing payments in the US, and it works with the most
people, businesses and entities. MyECheck provides comprehensive
payment systems for all payment applications including mobile
payments and the industry's most advanced security and fraud
control technologies. MyECheck customers include corporations,
retailers, governments, payment processors and financial
institutions.
Please visit www.myecheck.com
Forward-looking statements in this release are made pursuant to
"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 SEC.
Contact: Peter Farinas Director of Sales iCard1 Financial Group
pfarina@iCard1.com Contact: Ed Starrs Investor Relations:
ir@myecheck.com Sales: info@myecheck.com