EL DORADO HILLS, Calif., April 15, 2013 /PRNewswire/ -- MyECheck, Inc. (OTC Pink: MYEC), a leading provider of electronic check payment services, announced it has signed an agreement with Spindle, Inc. (SPDL). Spindle is a national provider of innovative mobile commerce and alternative payment solutions for businesses and consumers, including RhinoPay®.
The agreement with MyECheck enables Spindle, and its merchant customers, to gain significant benefits over other electronic check processing systems. Transactions processed through the proprietary MyECheck check engine experience higher success rates, lower return rates, faster clearing, fewer customer support issues, lower administrative and overall costs.
Ed Starrs, CEO of MyECheck commented, "Spindle management has vast experience in commercializing relevant emerging payment technologies. We are very pleased they have selected MyECheck to be a significant part of their payment platform."
Bill Clark, CEO of Spindle, added, "The services MyECheck provides are unavailable elsewhere and will complement and enhance Spindle's offering, making us more competitive in the marketplace."
The MyECheck service provides the most viable alternative payment option at substantially lower rates than card processing fees. MyECheck works with every US checking account, even accounts Automated Clearing House (ACH) e-check solutions cannot debit. This service enables payments from a larger customer base and provides faster clearing of payments with less risk.
About Spindle, Inc.
Spindle, Inc. is an innovator of mobile payment solutions for the banking industry, retail sector and consumer-facing companies. A pioneer in "Frictionless Finance," the company is actively developing new and improved ways for companies and end consumers to fluidly transact and exchange funds, regardless of platform. The Company is dedicated to delivery of secure payment services crossing traditional boundaries by offering cutting-edge solutions that enable buyers, sellers and individuals to transact face-to-face or virtually using mobile or Internet devices, this includes RhinoPay®, a frictionless way to pay. The Company also owns and has developed an extensive intellectual property portfolio, including patents pending, covering networks, mobile payments and security.
For more information, visit www.SpindleHQ.com
Spindle Contact: Glenn Goldberg
MyECheck Inc. (OTC Pink: MYEC) is a leading electronic transaction data processor providing an alternative payment solution for paper checks, cards or ACH payments. MyECheck utilizes a patented method of clearing check data for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online and mobile transactions, MyECheck provides merchants with financial access to more customers and faster funds clearance than any other payment method.
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.
SOURCE MyECheck, Inc.