FOLSOM, Calif., Jan. 14, 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 Lucid Integrated Systems, a full-service custom electronics and design integration company; and an agreement with eze System, a provider of internet connectivity, monitoring and reporting solutions.
The companies will use MyECheck's Electronic Check service to enable their customers 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, 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 the same day.
About Lucid Integrated Systems: Lucid Integrated Systems provides automation and electronics design and implementations blending technology with aesthetics for a comfortable, sophisticated and high-tech luxury home or work space. Lucid makes home or business systems safe, elegant, fun and easy to use. Our team is comprised of world-class experts in every field whose number one priority is to provide the best products and services to our clients. Please visit www.lucidintegratedsystems.com
About eze System: eze System makes remote monitoring and control via the Internet easier than ever. The ezeio system is designed to be easy to deploy and use for anything from a single temperature probe to large systems of meters, sensors, thermostats and control points. Monitor, log, alarm, control and automate – all in a single integrated system via any web browser. Please visit www.ezesys.com
About MyECheck: 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 [email protected]
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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.