EL DORADO HILLS, Calif., April 16, 2013 /PRNewswire/ -- MyECheck, Inc. (OTC Pink: MYEC), a provider of electronic check payment services announces it has signed multiple agreements with Corporate Merchant Solutions, Inc. (CMS), a leading processor of electronic transactions for major corporations. MyECheck will deliver to CMS an electronic check gateway enabled with MyECheck processing services. Through this gateway, CMS customers will also have access to the MyECheck electronic check platform.
John Gerena, President of CMS stated, "We need MyECheck's technology to provide our corporate customer base with the most efficient and cost effective method of clearing large transactions quickly. MyECheck will play an integral role in the growth of our business."
The CMS Electronic Check Gateway, provided by MyECheck, expects to be operational before the end of this year and will enable corporations and businesses to easily begin accepting real time electronic check payments with little or no integration requirements. This will result in a minimum of $250,000 per month in gross revenue to the company.
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.