EL DORADO HILLS, Calif., April 3, 2013 /PRNewswire/ -- MyECheck, Inc. (OTC Pink: MYEC), a leading provider of electronic check payment services today announced a signed agreement with the Bank of Kentucky. This agreement enables merchants to open accounts with the bank and use MyECheck to deposit electronic checks directly into those accounts. MyECheck is now capable of providing its services to merchants wishing to accept real-time electronic payments from any US checking account.
MyECheck also announced it has completed integration and testing with the Bank of Kentucky, and is now accepting new merchant applications.
Ed Starrs, CEO of MyECheck commented, "We are very pleased to be in a position to provide our services and look forward to aggressively growing the company now that the appropriate banking relationship is in place."
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.
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.