MyECheck to Provide Fully Electronic Check Services to VX Gateway
April 04 2014 - 11:33AM
Marketwired
MyECheck to Provide Fully Electronic Check Services to VX Gateway
EL DORADO HILLS, CA--(Marketwired - Apr 4, 2014) - MyECheck,
Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), an electronic payment
solutions provider and the leader in fully electronic check
technology, today announced that VX Gateway, a provider of global
payment services and technologies, has signed an agreement with
MyECheck for fully electronic check and related services.
VX Gateway Inc. is a global electronic payment company expert in
secure, real-time electronic monetary transactions. VX applies its
proprietary VX Cloud Payment Framework⢠which is a Real-Time Gross
Settlement system that coordinates cloud computing with
jurisdictional banking frameworks to provide real time and secure
payment processing (including multi-currency transactions) to
governments, financial institutions, businesses and consumers, at
reduced cost.
MyECheck will provide electronic check services to facilitate
real-time straight through processing transactions on the VX
Gateway system, in addition to e-wallet account funding and other
transactions. VX Gateway offers a large number of payment
products for a wide range of customers globally.
VX LOOP account is an International Bank Account Number (IBAN)
generated in the VX Cloud Payment Framework. VX LOOP account
controls global routing and settlement in seconds using the VX
closed loop real time gross settlement system. VX LOOP currently
provides multiple currencies between all VX LOOP accounts. Unlike
banks, VX LOOP is available 24/7/365.
VX Remittance is the global electronic remittance gateway that
pays anyone anywhere in the world in multiple currencies and
languages. VX Remittance is available between all VX LOOP account
types Government, Financial institution, Business, Merchant and
Personal.
Ed Starrs, CEO of MyECheck, commented, "VX Gateway provides
opportunity for a large volume of transactions on our system, and
puts us into new markets. We expect to go live with services
for VX gateway within a couple of weeks."
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: Ed Starrs Investor Relations: ir@myecheck.com Sales:
info@myecheck.com