MyECheck Announces Three New Licensees of Its Real-Time Mobile Payment Platform
March 28 2014 - 9:05AM
Marketwired
MyECheck Announces Three New Licensees of Its Real-Time Mobile
Payment Platform
InterPay, Sierra Global and Itonis to Receive Turn-Key
Downloadable Mobile Payment Systems to Resell Services
EL DORADO HILLS, CA--(Marketwired - Mar 28, 2014) -
MyECheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), an
electronic payment solutions provider and the leader in fully
electronic check technology, today announced that it has sold 3 new
licenses for its proprietary mobile payment platform. Each
company has paid an upfront licensing fee and will receive a
private branded turn-key hosted mobile payment system connected to
the MyECheck check engine. MyECheck will also share in
transaction fee revenue generated from the systems.
InterPay Inc, founded in 2009, is a reseller of electronic
payment services to national and regional foodservice, grocery and
C-store chains. Sierra Global LLC is a provider of custom
banking software solutions to non-US banks to enable US commerce
outside of the US. Itonis Holdings based in southern
California is a holding company and distributor of innovative
products to the medical and pharmaceutical industry. Itonis will be
the first and only payment services with a solution targeting the
Medical Marijuana industry in Southern California.
Ed Starrs, MyECheck CEO, stated, "We thank InterPay, Sierra
Global and Itonis for selecting MyECheck for their partner in
mobile payments. These licensees will receive the industry's
most capable mobile payment system, and our unmatched almost 10
years of experience with Check 21 based electronic bank
transfers."
"As some of the first licensees to receive our new mobile
payment system this May, these payment service providers will have
a strong competitive advantage in the secure mobile payments
industry," Starrs added, "and will distribute of our service to
some strategically important industries."
The mobile payment systems will consist of themed downloadable
User apps with unique enhanced security features, and downloadable
Merchant Point of Sale applications that install and run on Intuit
Quickbooks. The system works on standard computers and
smartphones, there are no special hardware requirements or
connections, and anyone who can download can use the payment
system.
Users can transfer funds to any other User on the system in
real-time, or to a Merchant Point of Sale application.
Optional features for each User will include a Virtual Bank
Account that can be funded on the fly from any checking account for
free, or by cash at one of our partner loading stations.
The system can also issue foreign debit cards outside of the US
for instant global funds transfers and cash out from ATMs
world-wide.
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