Question: Is it possible to take us back to the price range of 2008 with the current share structure?
Answer: Not the same, better
Question: Did MyECheck make apps for the iPhone and Android? Or is it going to be the back end processor?
Answer: both
Question: Will the recent postings here on the back end processing and apps be explained more in a official Press Release soon? Dieing to know the details and to be able to use it on my phone Will it work up here in Canada?
Answer: Yes when we officially launch them
Question: Ed Starrs great job with everything so far. Excited every morning waking up to read more about myecheck. Ed I had a question how could we surpass these short sellers at these ranges to make it to otcqx?
Answer: That situation wil improve
Question: There are many new Payment Technologies being developed. How does MyECheck plan to make itself known, and set itself a part from, all of the other options businesses and consumers will have?
Answer: None will have our capabilities, the front end stuff is generic, the backend is patented, the capabilities are exclusive to us
Question: When will the iphone app be available? Would love to be able to use myecheck on my phone.
Answer: 6 to 8 weeks hopefully Question: Can you tell us exactly what exchange you are hoping to uplist to?
Answer: We are looking at our options, we'll likely go asap to the OTCQX, the important thing is to keep moving up as soon as we can qualify
Question: would you have to uplist to OTCQB first?
Answer: We can leapfrog if we qualify Question: Great response. Thank you. Does MyECheck have a mass marketing plan to gather awareness prior to, or immediately after, iOS and Android Apps launch?
Answer: Yes but probably not what you might expect Question: Has Corporate Merchant Solutions agreements been implemented yet?
Answer: No it hasn't / I can't really commit as to why other than they are having problems
Question: Is MyECheck involved with or considering partnering with any Canadian financial institutions or businesses ?
Answer: Yes / We are trying to partner with a Canadian payment network, nothing definitive yet
Question: Myecheck has stated in the past they werent primarily focused on international. Where does the company stand at this time with intl.pmt
Answer: We are not focussed at all on international right now, I'd love to add the capability but too much else on our plate currently, we will revisit in about 6 months
Question: Does MyECheck have a backend processing application that fits into business enterprise systems like SAP or JDEdwards?
Answer: Yes / Any payment application can integrate with the MEC check engine, we do not have any unique app for those systems, although 3rd party vendors do.
Question: Will MyECheck establish relationships with brokerages like ETrade, Schwab or Ameritrade so that clients can coordinate transfer of funds when working seamlessly between other banking institutions ?
Answer: I certainly hope so, but we are not currently working with a major brokerage Question: Did you eve rekindle those conversations with Apple!? Thanks for everything!
Answer: Working on it
Question: How can Myecheck benefit a company like ATT mobility?
Answer: MyECheck can be used for monthly billing collection, and can provide a number of mobile payment solutions. Do you have a contact I can speak with.
Question: is www.auricsystems.com/support-center/methods-payment/ a new contact as well?
Answer: It's an old contract but they are still integrated and any of their customers can use our system without additional integration with us
Question: Is it possible that you would retire more shares in the future?
Answer: It's possible, no specific plan right now Question: I have accumulated a large amount of shares over the past year and believe in the long term growth of MyEcheck. My wife would like me to take half off the table with the recent rise in pps, what would you tell her to convince her to hold until at least 2015? In your opinion what is the true valuation for myecheck as a whole and pps?
Answer: I can't give investment or valuation advise on MYEC, the value is whatever the market dictates, however my personal financial strategy is not to carry any debt
Question: Would you consider a buy out for $1 per share? Are you planning on hiring a sales team?
Answer: Are you offering me $1 a share? We have a sales team, they just aren't salaried employees, and it's small. We will grow our sales department as we move forward.
Question: Are you hiring any summer sales/lead generation interns?
Answer: Not a bad idea, check back in a couple of months
Question: How can the MYEC shareholders help you gain more clients and get the word out? We've got a pretty big street marketing team here that is willing to help. Should we be sending emails to our Stock Brokerage, our sell phone carrier, or our banks telling them we want them to use Myecheck's services? If so, who do you want us to hit? Or would you rather us not do that?
Answer: Great question, we are looking for large customers only, not banks necessarily, best thing to do if interested is direct them to the website and give them my phone number or get their contact info to me
Question: Has MyECheck implemented the new Biometrically Authorized Device Signatures feature into any current solutions? Are BADS expected to be a significant solution MyECheck offers in the future?
Answer: This technology will be instrumental, not yet released
Question: Does MyECheck now have it's own FedLine Direct?
Answer: No, we have our own ETI routing number and we have access to FedLine through bank partners Question: Bank partners? Are there bank partners besides Bank of Kentucky?
Answer: Yes
Question: What is the current relationship between MYECheck and Bank of America and how can current Bank of America customers utilize your services ?
Answer: BofA customers can contact me to sign up and start immediately
Question: Is there a plan in place to start garnering national press (cnbc, forbes, fox business, etc) with myecheck solutions?
Answer: They will be here soon
Question: Is auditing on track for EOY or should we expect Q1?
Answer: I wish I could answer that one but I can't sorry
Question: How can I set up my business with myecheck? Thanks for all the hard work!!!!
Answer: To set up direct you must be processing $100M/mo, GreenPay would be a good option when they launch on our system on about 10 weeks
Question: Will this user app allow me to say transfer money from my Bank of America account into a US Bank account?
Answer: Possibly but probably not when we first launch / This can be accomplished now with a ewallet partner Question: Will the apps be designed for payments to merchants or payments to friends & family, or both? How soon can funds clear?
Answer: The first version is a b2c, recipient must have merchant app / The system is technically capable, there's other issues to consider, a partner would be able to provide p2p right now Question: Will the recipient of funds need the MyECheck app also to receive the payment?
Answer: There's a user app for the device and a merchant app
Question: I would love to transfer money to my brokerage account using myec
Answer: Have your broker call me
Question: I filled a survey for td ameritrade. Told them that Myecheck has the solution for them. They called back this morning.
Answer: Probably Customer Service calling you, ask them to talk to their CFO about MyECheck
Question: It seems like MyECheck is really starting to get the ball rolling. Are you to the point where companies are catching wind of your technology and reaching out to you or are you still having to educate companies by reaching out to them? Thank you for your time.
Answer: We are starting to gain traction
Question: so what is the difference between me using GreenPay and cardinal commerce to do check processing thru my website for to go orders
Answer: Our parters usually have a platform on top of ours that allow for additional or different functionality, shopping carts, stored value, and they target different markets and customers
Question: Is MYEC attending any upcoming conferences, symposiums, etc to discuss its business and exhibit to the public ?
Answer: We will be attending trade show and conferences, there are a several I want to attend
Question: Is MyECheck going to update and improve its Website ? It appears very sparse and somewhat outdated and could use a nice redesign as well as links to social media, etc ?
Answer: We want limited information so interested companies contact me for more info, but please send that comment to steve.balnford@myecheck.com
Question: Does MyECheck have a partners reward program on purchases, services, etc ?
Answer: We have looked at programs, we may have something later
Question: If I am a Huntington Bank, PNC Bank or US Bank customer... Can I sign up with you and start with MyECheck ?
Answer: If you process $100M/mo
Question: Why have you not pursued any discount brokerages ?
Answer: Yes the industry is very hot and getting ready to explode.
Question: Is Auric Systems International a new client or an existing client?
Answer: Auric a payment services provider, a payment platform for merchants, and we are integrated with them. We need to sell and sign up their merchants, their merchants are already integrated with MyECheck by being a customer of Auric so there is no technical integration required.
Question: You've stated your front end is generic and back end patented. New owner of stock in Myecheck . My only concern: Can your patent be 'tweeked' by larger company and used, or are the parameters of patent solid and ground breaking enough not to be stolen and used by others?
Answer: Thanks great question, patents can't be tweaked once granted but some can be circumvented by not infringing on any claim in the patent. My belief and that of my attorney is that you cannot create an electronic check without infringing on exclusive rights granted to me by the UD government
Question: Mr. Starrs As you can see here I was charged $83.68 for a simple paypal payment into my account which will now take another 3 or 4 days to get transferred into my business account. If MYEC were being used would I be correct in saying that it would have only cost me $5 to receive the payment and it would have been credited to my account almost immediately if not on the same day?
Answer: There is misinformation out there regarding our pricing, it depends on many factors, but it will be much more cost effective and the funds will clear the same day / It could be a lot less than $5 / We only charge merchants for successful transactions, there is no charge to the user
Answer: I think our solution is way cooler, watch the myecheck.com blog for more info
Question: When a User is at the Merchants business location, will the Merchants business auto-populate to the Users App, or will the User need to search and add each Merchant to their App?
Answer: Yes, they can scan a merchants QR code at the business location and auto-add the merchant
Question: MyECheck/Ed Starrs.... You need to improve the look and feel of your Website. To do it cheap and effectively have your PR/Media department look at SquareSpace.com. / for a few hundred dollars, they can hire some developers and make better theme for their wordpress website... btw- worpress powers >60% of the websites worldwide... Looking like a multi billion dollar company is the first step in becoming a multi million dollar company.
Answer: You are both correct, we need a much improved web site, right now we have to work with what we have but will launch a new site in the future
Question: I may have missed this post and/or PR release, but as a new investor wondering if I should buy more shares -- are you working on a thumbprint / bio-metric version as I've heard the big banks / credit card companies are now exploring? Sorry if this has already been asked and answered!
Answer: yes we are
Question: Question. In a PR the wording was that a Share buy back will be upcomming and then the retirement of one billion shares. The query... is the share buyback being conducted on the open market float?
Answer: No, the share buy back already happened, it was a private transaction not on the market, the purpose was to facilitate the retirement of 1 billion shares
Question: ed. are you using cloud technology?
Answer: We use cloud technology but our production environment is not in the cloud
Question: Ed. Have you thought about financial entities in airports? They might like your idea.
Answer: We have a demo of our traditional services and the mobile apps will be available for download soon / The demo we have is confidential for our customer presentations
Question: Was this a hardware/software capability test I am assuming?
Answer: Current thru-put capacity based upon testing real transaction data, it's also scalable when needed
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.
