FOLSOM, Calif., Jan. 14, 2015 PRNewswire/-- MyECheck,
Inc. (OTC PK: MYEC), the leader in electronic check solutions for
internet and mobile payments, announced today that it has signed an
agreement with Lucid Integrated Systems, a full-service custom
electronics and design integration company; and an agreement with
eze System, a provider of internet connectivity, monitoring and
reporting solutions.
The companies will use MyECheck's Electronic Check service to
enable their customers to pay them with a fully electronic transfer
from their checking account. Electronic checks are like paper
checks but are originated electronically and never exist in paper
form. They are processed and cleared like a paper check that
has been imaged, they are not converted to ACH transfers, instead
clear over the Check 21 rails.
Electronic checks offer many benefits over ACH e-checks, they
are not limited to a maximum amount and can be used by any business
or consumer with a checking account, unlike ACH e-checks that are
rejected by checking accounts that are ineligible or disabled from
ACH. Electronic checks carry more data than ACH transactions,
are returned less frequently, work with more payers and clear the
same day.
About Lucid Integrated Systems: Lucid Integrated
Systems provides automation and electronics design and
implementations blending technology with aesthetics for a
comfortable, sophisticated and high-tech luxury home or work space.
Lucid makes home or business systems safe, elegant, fun and easy to
use. Our team is comprised of world-class experts in every field
whose number one priority is to provide the best products and
services to our clients. Please visit
www.lucidintegratedsystems.com
About eze System: eze System makes remote
monitoring and control via the Internet easier than ever. The ezeio
system is designed to be easy to deploy and use for anything from a
single temperature probe to large systems of meters, sensors,
thermostats and control points. Monitor, log, alarm, control and
automate – all in a single integrated system via any web browser.
Please visit www.ezesys.com
About MyECheck: MyECheck, Inc. is a leading electronic
payment technology developer, licensor and payment services
provider. MyECheck operates under license to US Patent
7,389,913, "Method and Apparatus for Online Check Processing"
granted June 2008. This patented payment method is the
fastest, most secure and most cost effective method of processing
payments in the US. MyECheck provides comprehensive payment
solutions 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. For more information, contact sales@myecheck.com
Investor Relations Contact:
Bill Delgado
ir@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.
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visit:http://www.prnewswire.com/news-releases/myecheck-signs-two-more-companies-to-electronic-check-service-300020586.html
SOURCE MyECheck, Inc.