FOLSOM, Calif., April 2, 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 NXR Global, a leading network marketing company and
distributor of heath & wellness and entertainment products
including Nutronix and VStream.
NXR will use MyECheck's Electronic Check service to enable their
customers and distributors 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, but 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 faster.
About NXR Global: Founded in 1999 as Nutronix,NXR
stands at the forefront of product innovation. Committed to quality
ingredients, extensive research, and unique formulas, NXR
manufactures and distributes safe, effective, and innovative
products that are a perfect blend of science and nature.
Incorporating the very latest and most effective health and
wellness science and technology in all products, NXR provides
quality nutritional and skin care products that feature
only premium, wholesome ingredients that support health and
longevity. www.nxrglobal.com, www.nutronix.com.
About MyECheck: Winner of the 2015 Innovation Award for
Best Check Innovation, 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:
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-nxr-global-to-electronic-check-service-300060477.html
SOURCE MyECheck, Inc.