InvestorsHub Logo
Followers 59
Posts 2288
Boards Moderated 0
Alias Born 11/21/2012

Re: None

Wednesday, 08/20/2014 11:50:55 AM

Wednesday, August 20, 2014 11:50:55 AM

Post# of 48811
MYEC making big moves

FOLSOM, CA, United States, via ETELIGIS INC., 08/20/2014 - - MyEcheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), the leader in electronic checks for mobile payments, today announced an enhancement to its Basic Electronic Check + Scrubs service. They have signed an agreement with Giact Systems of Texas, who provides advanced fraud control systems and electronic check risk management solutions.

Under the agreements signed by the two companies, MyEcheck will add Giact's industry-leading fraud prevention system to MyEcheck's suite of fraud prevention tools. This enhanced level of service will add to MyEcheck's secure payment platform. Giact's tools will support MyEcheck's Basic Electronic Check + Scrubs service. This service, like the Basic Electronic Check Service, generates a check image and pushes it to the merchant's bank for payment.

The + Scrubs service allows merchantsbefore their transaction is approvedto check the status of their customer's bank account. Giact will help MyEcheck customers to verify that the transaction is authorized and predict the probability of most problems. Giact's services can complete these checks in less than 5 seconds.

Additionally, Giact will integrate MyEcheck's electronic check service. This part of the agreement allows Giact to process payments they receive electronically, bypassing the ACH system, saving them time and money. Giact will avoid the costs associated with debit and credit card payments and with slow mail that delay payments.

About Giact: Giact Systems is a privately held company founded in 2004 by a team of experienced business and technology leaders. Giact has become a leader in providing essential information, which helps customers across all industries assess and manage risk. Giact's secure, easy-to-use services provide companies the ability to accept payments with confidence. For more information, visit www.giact.com.

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. The new 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 systems 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:

Nate Wigle

VP, Business Development

nate.wigle@myecheck.com

844-693-2432

Bill Delgado

Investor Relations

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.