MyECheck Updates on Progress of Mobile Payment Apps

FOLSOM, Calif., Sept. 22, 2014 /PRNewswire/ -- MyECheck, Inc. (OTC PK: MYEC), the leader in electronic checks, today announced that it has confirmed new relationships that will enable the launch of its suite of mobile payment apps into the market.  The Company had originally announced its plan to launch mobile payment apps in the summer of 2014, however after a service partner delay, the Company sought new partners and has since established the required new relationships to move forward with the market launch.  

Due to the freeze in the payments industry for the months of November and December, MyECheck expects all the apps to be available for download and use in January 2015.  MyECheck payment apps can be used by anyone with a smart mobile device by simply downloading and registering the app, enabling real time secure mobile commerce.  The MyECheck mobile payment solutions do not require any special hardware, and will work with all smart Apple and Android devices.

The MyECheck personal payment app is a mobile extension of its user's bank account, and eliminates the need to carry checks, cash and cards allowing anyone with a smartphone to make instant payments at no cost to them. 

The MyECheck downloadable merchant point of sale app allows any business to accept mobile payments at their point of sale with no POS hardware or NFC required, and without interchange fees.  MyECheck payments are a low flat fee only, clear faster, work with more customers, don't have chargebacks, and have proven to be more secure than any other mobile payment system or method.  Payment apps can be downloaded and used in real time with no delay.

MyECheck has sold a number of licenses for its mobile payment app technology, including custom-built payment apps with unique features for specific industries, including the legal marijuana industry.  The new relationships recently forged will also enable MyECheck to begin delivering services to its licensees and its wholly owned subsidiary, GreenPay, LLC.

About MyECheck: 
MyECheck Inc. is a leading electronic payment technology developer 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, and it works with the most people, businesses and entities.  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.

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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.