MyECheck, Inc. (fka MYEC)

[Hole shot King]

$MYEC MyECheck Electronic Check Service Goes Live at NXR Global

FOLSOM, CA--(Marketwired - Apr 24, 2015) - MyECheck, Inc. (OTC PINK: MYEC), the leader in electronic bank transfers and mobile payment solutions, announced today that NXR Global, a leading network marketing company and distributor of heath & wellness and entertainment products including Nutronix and VStream. NXR Global customers are now paying them using MyECheck Electronic Checks deposited directly into NXR Global's bank account at Bank of America, pre-formatted for clearing over Check 21 rails.

NXR Global selected MyECheck over ACH due to the fact that "electronic checks" are faster, safer, and lower cost payments than ACH "e-checks" and card transactions. Electronic checks can debit more bank accounts than ACH can, resulting in more cleared transactions and fewer returned items. Electronic checks cannot be easily reversed after the transaction, unlike ACH and card transactions that are easily reversed with a phone call. This means MyECheck customers keep more of their money by reducing fraudulent returns.

MyECheck electronic bank transfers are not restricted like ACH transactions to amount, or account type, and work with 100% of US checking accounts for any amount. Electronic checks also offer a less regulated and a more favorable environment for merchants to operate under. Electronic checks do not fall under NACHA rules or Reg. E, and instead are treated the same as paper checks although they never exist in paper form.

Faster clearing, lower costs, fewer returns, friendlier regulation, and less restrictions are all benefits merchants are experiencing using MyECheck's new 21st century payment method. MyECheck payments are ideal for recurring subscription billing, A/R collection, business and government payments and retail sales.

http://finance.yahoo.com/news/myecheck-electronic-check-goes-live-193114787.html