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MyECheck Inc. (MYEC)

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Last Post: 11/22/2014 11:01:15 PM - Followers: 1252 - Board type: Free - Posts Today: 76
 
 
 

Company Information

Corporate Name: MyECheck, Inc.
State of Incorporation: Wyoming 

Contact Info:
 
  • Phone: 916-222-4376
    Email:
    Investors: ir@myecheck.com 
    Sales & Information: info@myecheck.com

Use this Form to Contact MyECheck

Stock Exchange/Ticker - OTC-Pink “MYEC”
Transfer Agent: Signature Stock Transfer     
SignatureStock@aol.com
http://www.myecheck.com/more/investors/



Edward Starrs - CEO/Chairman of the Board/Director/President/Founder MyEcheck, Inc.
http://www.forbes.com/profile/edward-starrs/
Mr. Starrs has more than 20 years experience as an international business executive with management experience in multiple industries. He has been an officer and director of MyECheck since its formation in 2004. Previously, Mr. Starrs was President of Starnet Systems International, Inc., a wholly owned subsidiary of a public company that was processing more than $2 billion annually in Internet transactions. Mr. Starrs owned and operated several successful companies including, ERS Marketing, Inc., where he produced over $20 million in contracts for his clients, and Bay Distributing, Inc. a major distributor of over 800 product categories to Fortune 500 accounts. From January, 2002 through October, 2004, Mr. Starrs was President of Digency, Inc., an online payment processing company engaged in credit card and eCheck transaction processing for Internet Merchants. Starrs has also held senior management positions with Fortune 100 companies including McCaw Communications, Inc. (AT&T), and AMF, Inc., the world's largest sporting goods conglomerate. Effective May 21, 2010, the Board of Directors of the Company has appointed Edward R Starrs, the Company's Chief Executive Officer, as acting Chief Financial Officer until a suitable permanent replacement can be seated.









MyECheck has been sponsored by Glendale Securities for electronic clearing through DTCcurrently pending A/O 5/27/2014

Completion of Audited Financials for 2009-2014 will be completed by Q2 filing Aug 15, 2014
Audited Financials are required to uplist to OTCQX After Maintaining a min bid of $.10 for 30 days 


MyECheck Employees:
Robert S. Blandford: Vice President of Technology, CTO, Director, Secretary


Bill Delgado: Board of Director
Rod Jalunardo: Chief Operating Officer 
Bruce M. Smith:  CPA, Vice President of Finance, Company Controller, Director
 Independent Auditors: L.L. Bradford Certified Public Accountants

Nate Wigle: VP of Sales & Marketing

Brian Phelps: Senior Writer & Content Guru



OTC MARKETS
Current Information:

Company Profile: 
http://www.otcmarkets.com/stock/MYEC/profile
News: http://www.otcmarkets.com/stock/MYEC/news
Financials: http://www.otcmarkets.com/stock/MYEC/financials
Filings & Disclosures: http://www.otcmarkets.com/stock/MYEC/filings


MYEC Security Details
Share Structure: 
As of Feb 13, 2014 the CEO has retired 1 Billion out of his 3 Billion shares. OTC Markets will soon update the Authorized & Outstanding Shares to reflect they have both been reduced by 1 Billion. The new A/S is 3.9B & Ed Starrs owns 55% (2 Billion Shares).
 
Market Value1 $131,785,927 a/o Apr 17, 2014
Shares Outstanding 3,086,321,486 a/o Feb 07, 2014
Float 1,032,648,198 a/o Feb 07, 2014
Authorized Shares 4,900,000,000 a/o Sep 30, 2013
Par Value 0.001
 
Executive Summary 
A re-birth. 2013 was the year MyECheck re-tooled its business model and successfully restarted growing revenue. It was a
year of modernizing our payment platform and developing services that create multiple revenue streams. 2013 was the
year we shifted focus from internet originated transactions to mobile payments. MyECheck also in 2013 introduced and
successfully deployed a software and patent sub-licensing revenue model. 2013 also marked the development of a person-
to-person payment system, electronic bank accounts, a downloadable merchant commerce solution, and the nations first
and only electronic funds transfer system for government use.
The mobile payments industry currently presents historic opportunities, the size and scale of which have never before
been seen. We believe there is a revolution taking place that is fundamentally changing the way the payments and
banking industries function. Technology now enables transitioning away from traditional brick and mortar banking into
fully electronic banking, and transitioning away from all paper and high fee transactions to low cost fully electronic tranfers
authorized through mobile devices. MyECheck is positioning itself to be a significant participant in the mobile payments
and banking industries.
2013 marks the beginning of a very promissing future for our company. Strategies and systems planned in 2013 are
becoming reality in 2014. We plan to continue to be the innovative leader in the payments industry and will be deploying a
number of new large scale innitiatives in 2014, along with a dramatic increase in our sales and marketing activities starting
in the summer of 2014.
We expect 2014 to be a high growth year for MyECheck, particularly in the third and forth quarters when transaction
revenue from current licensing deals starts to be realized.
Personal Mobile Payment Service
MyECheck is developing and will be launching a mobile Person to Person (P2P) payment
system in 2014. The system will include User downloadable apps that can be registered to a
bank account to enable real time payments to and from any other user on the system.
Electronic Bank Account Service
Registered Users of the Personal Mobile Payment Service can obtain an Electronic Bank
Account on the system that can be funded directly from any checking account or from a
cash loading station. Anyone with or without a checking account will be able to use the
Mobile Payment Service and obtain an Electronic Bank Account.
Real time payments can be authorized from mobile devices and paid with cleared funds
from the Electronic Bank Account to any US bank account, to another User account, to
a mobile number, or to a Merchant Point of Sale Payment System.
Merchant Point of Sale Mobile Payment System
Later in 2014, MyECheck will launch a downloadable merchant mobile payment acceptance
application. The only requirements to become a merchant on the system are a computer
running Intuit Quickbooks software and an Internet or wireless connection. The application
enables real-time authorized point of sale payments from any User app. Merchant invoice
data is captured by the User on their mobile device via Quick Response (QR) code and
displayed on the User app. The User authorizes payment from their pre-registered bank
account by entering their PIN or biometric. The unique User token is transmitted to prove
authorization, the bank account is verified again prior to transaction approval and processing.
Government Services
MyECheck G-Pay enables real-time government account to government account payments, in
addition to business and individual payment acceptance. MyECheck G-Pay service is the only
fully electronic payment service that is capable of processing fully electronic transfers from
government owned bank accounts.
G-Pay application provides easily implemented security and payment capabilities for
government entities to process authorized funds transfers to and from any government owned
checking account.
The MyECheck G-Pay system has been developed to facilitate an easily implemented solution
for government entities to transition from paper items to real-time fully electronic
payments. G-Pay works with governments existing check payment issuance and tracking
systems that are designed to issue and report paper check transactions. Other system features
include secure system access and transaction authorization verification, and customizable
automated reporting.
Sales, Marketing and Distribution
During 2013, the Company has had limited sales and marketing resources and intends on hiring
a Vice President of Sales and Marketing in April 2014. The VP Sales & Marketing will be responsible
for recruiting and managing the sales and marketing personnel. The primary function of the sales
personnel is to promote the sales and distribution of MyECheck’s services through Resellers such as
Payment Software as a Service (SaaS) Providers, Merchant Service Providers (MSPs); and
Independent Sales Organizations (ISOs). The primary function of the marketing personnel is to
present the Company’s services to its target markets through a variety of effective methods.
System Licensing
MyECheck is persuing an aggressive system-licensing plan. We believe that system licensing is the key
to rapid adoption and use of our services. The licensing model is a distinct competitive differentiator
therefore details of the plans and licenses are confidential trade secrets and not subject to public
disclosure.
 

Charts:











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$MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  $MYEC MyECheck  


This Section Created & Moderated by MODiFiEDZ. Contact Me If You Would Like to Add or Edit Anything Here

MyECheck/PayPal Competitive Comparison Chart

Click Here for Full USPTO.GOV Detailed Description of the Patent Ed Starrs Invented
Patent 7,389,913
Method and apparatus for online check processing.
Methods and apparatus for processing an online payment for an item.

Link to Patent on Google with Pics
Pic of Actual Patent Certificate

Jan 9, 2014  MYEC is "The Sleeping Giant" on Seeking Alpha
April 2, 2014  "The Awakening!" of MyECheck on Seeking Alpha
April 9, 2014 The ABC's of MYEC

Ed Starrs Posting on iHub Wishing Shareholders A Merry Christmas
Username (verified)
 Marketing101

MyECheck Slideshow

Ed Starrs LinkedIn Profile

Ed Starrs Magnificent Home in El Dorado Hills CA Featured in STYLE MAGAZINE During the Height of MyEChecks Success in 2009

GreenPay LLC has selected MyECheck to provide a comprehensive processing solution for the legal marijuana industry. The MJ-Pay app will offer the only industry specific payment solution designed to solve the unique problems present in the legal marijuana industry.
http://www.mj-pay.com/
MJ-Pay Apps Scheduled to Launch for All Apple & Android Devices in May 2014 (Now in Beta Testing A/O 5/18/2014)
More on the Agreements with Green Pay LLC
 
In 2013 ZipMark wins the award for best eCheck Technology Platform. ZipMark currently uses MyEChecks patent for it's processing.    

The Innovation Project 2013 PAYMENT INNOVATOR AWARD WINNERS


Visit MyECheck on FaceBook

Follow Ed Starrs on Twitter

Follow MyECheck on Twitter

Visit MyEChecks Blog for Updates

Financials
"MyECheck sold two licenses in 2013* and will be deploying licensed systems throughout 2014 and beyond." *(MyECheck Version 2.0)*
Q4 EOY 2013

For the twelve months ended December 31, 2013, net profit was $1,018,693 with revenue from operations at $439,233. Total liabilities were reduced by $718,365. 
For the 3 months ended December 31, 2013 (Q4), net profit was $465,083 with revenue from operations at $361,402 and total liabilities were reduced by $168,239.
 Feb 19, 2014: MyECheck Launches Version 3.0 Check 21 Electronic Payment System Check Data Processor No Longer Requires Bank Partnerships to Provide Real Time Patented Services
1st QTR 2014
May 15, 2014: For the three months ended March 31, 2013, revenue from operations was $1,361,783, total expenses were $37,737, and net income was $1,323,656. 

Cash and cash receivables were increased to $1,687,068, and as of May 15, the Company has $1,078,964 in cash. Stockholders equity was increased from a $1.2 million shareholder deficit in the same period previous year, to almost $1.2 million in shareholder equity.
During the quarter, the company sold a number of licenses for it's new mobile payment app system, including custom developed apps with unique security features for specific targeted industries.
(1st QTR 2014 Net Revenue Surpassed the Entire Year of 2013's Revenue & Debt Reductions Combined)
MyECheck is now Debt Free



Newest 2014 MyECheck V3.0 Licensees/Back End Processors a/o 4/20/2014
Itonis, Inc
InterPay, Inc
GreenPay, LLC
Sierra Global, LLC
iCard1, Inc
VX Gateway, Inc

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MYEC
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Wiki
MYEC News: Three New Customers Select MyECheck for Electronic Check Services 11/20/2014 09:41:00 AM
MYEC News: GreenPay Signs Reseller Agreement with Maverick Bankcard 11/05/2014 08:20:00 PM
MYEC News: MyECheck Announces Four New Customers for its Electronic Check Services 11/03/2014 04:05:00 PM
MYEC News: TCA Closes $5 MM Line of Credit With MyECheck 10/30/2014 09:00:00 AM
MYEC News: MyECheck Files Form 10 for Registration of Securities with SEC 10/27/2014 09:00:00 AM
PostSubject
#185730  Sticky Note 11/16/2014 Radio Interview with MyECheck CEO Ed Starrs MODiFiEDZ 11/16/14 10:18:29 PM
#182763  Sticky Note $32,381X4 = $129,524/4,177,470,000 = .00003 book value PLUTUS 11/02/14 08:25:14 PM
#181383  Sticky Note Form-10 Q & A Session: VVS-IG 10/28/14 05:13:59 PM
#176104  Sticky Note $Myec Agm video check it out ..... http://youtu.be/WRpHeUhM7fU ron_active 10/15/14 01:06:28 PM
#149791  Sticky Note Everyone on this board needs to get and IH Admin [Edward] 07/11/14 03:50:59 PM
#187651   M.I.G.U = MYEC IS GROSSLY UNDERVALUED M.I.G.U mr stock dude 11/22/14 11:01:15 PM
#187650   Nebula, I wasn't comparing Apple to Myec. casper76 11/22/14 10:37:33 PM
#187649   Breakout Boards JohnZhang 11/22/14 10:32:17 PM
#187648   WhiteFish, you made a good point. Your casper76 11/22/14 10:25:05 PM
#187647   Since we are just making up random stocks WhiteFish 11/22/14 10:13:33 PM
#187646   Plus Myec has for me at .0020 to casper76 11/22/14 10:07:54 PM
#187645   See it took SIRIUS 5 YEARS TO GO casper76 11/22/14 10:02:52 PM
#187644   MYEC may or may not make it. There WhiteFish 11/22/14 09:45:48 PM
#187643   I understand that he owns the bulk. Tho casper76 11/22/14 09:36:19 PM
#187642   Wait, we are now counting treasury stick as WhiteFish 11/22/14 09:19:29 PM
#187641   Yes let's just completely ignore revenue and financial WhiteFish 11/22/14 09:16:20 PM
#187640   I believe you are correct! whathen 11/22/14 08:59:09 PM
#187639   Great example look at what they had to riseandshine 11/22/14 08:52:24 PM
#187638   Correct me if I'm wrong please, but I Carpasiano 11/22/14 08:48:54 PM
#187637   The float is half the total shares authorized whathen 11/22/14 08:37:59 PM
#187636   Your moniker should be Confucius, I have only Hitechhunky 11/22/14 07:33:34 PM
#187635   Why Retailers are Wrong on Apple Pay CNBC Pass the Salt 11/22/14 07:26:21 PM
#187634   Another ridiculous comparison....those company are generating hundreds and The_Free_Nebula 11/22/14 07:22:29 PM
#187633   Nebula I totally agree with you. Nice casper76 11/22/14 07:19:39 PM
#187632   Hitchhiking, I would have to say the people casper76 11/22/14 06:56:45 PM
#187631   Sirius XM Holdings 5.5B shares out. PPS was transmigrator 11/22/14 06:51:06 PM
#187630   Won't comment on your opinion if you think whathen 11/22/14 06:49:51 PM
#187629   Ridiculous comparison to MC... The_Free_Nebula 11/22/14 06:13:38 PM
#187628   I respectfully disagree with you on the rs. casper76 11/22/14 06:13:30 PM
#187627   Completely disagree that it's a bloated floater! whathen 11/22/14 06:06:21 PM
#187626   Incorrect....if I were a would be investor and The_Free_Nebula 11/22/14 06:02:23 PM
#187625   The share structure doesn't matter to anybody but NCAR 11/22/14 06:00:30 PM
#187624   No..but I am hopeful on that front.... The_Free_Nebula 11/22/14 05:59:12 PM
#187623   He did an interview, nobody said he had NCAR 11/22/14 05:58:32 PM
#187622   Not sure what you mean....but no matter how The_Free_Nebula 11/22/14 05:57:51 PM
#187621   Ed has a radio show? Lol Mrxstocks 11/22/14 05:57:09 PM
#187620   So why was Wiggles stock compensation booked at WhiteFish 11/22/14 05:48:04 PM
#187619   Really think that would happen with control an issue? WhiteFish 11/22/14 05:46:46 PM
#187618   Agreed, someone's major win was also someone's major loss. WhiteFish 11/22/14 05:40:35 PM
#187617   If true I don't blame him either. oldman65 11/22/14 05:26:20 PM
#187615   Starting to feel like it, the master plan Hitechhunky 11/22/14 04:51:12 PM
#187614   A reverse split or a program share buy The_Free_Nebula 11/22/14 04:16:23 PM
#187613   Get Diluted? Way passed the breaking point The_Free_Nebula 11/22/14 04:14:21 PM
#187611   Most of the stories are lies The_Free_Nebula 11/22/14 04:11:23 PM
#187610   You are rational and correct....anyone thinking otherwise is The_Free_Nebula 11/22/14 04:09:47 PM
#187609   People that are looking for a r/s to beasy523 11/22/14 03:47:40 PM
#187608   Id be calling on every major telecom and Hitechhunky 11/22/14 03:15:54 PM
#187607   I concur. Poor form. LTMCIU99 11/22/14 02:52:34 PM
#187606   Gotcha, My opinion of their sales approach is Hitechhunky 11/22/14 02:42:17 PM
#187605   Hahahahaha and Hogs Hitechhunky 11/22/14 02:33:42 PM
#187604   I am happy for whoever pockets a lot Hitechhunky 11/22/14 02:32:21 PM
#187603   Ion rewards has added Regal cinema. A former Blackthirteen 11/22/14 01:24:22 PM
#187602   $5 Dr Badman 11/22/14 01:06:01 PM
#187601   And GPay. Dr Badman 11/22/14 01:05:38 PM
#187600   Sorry if I confused everyone! whathen 11/22/14 12:39:28 PM
PostSubject