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its not known enough yet, IMHO we are still way under the radar and I expect that to change with the next PR
Electronic checks have the most potential to meet current and future needs of the electronic payments industry. With the advent of MyECheck, a payment system now exists that is more efficient, very low cost especially when compared to card processing rates and charges, clears payments faster, is more universally available to consumers and businesses and provides a more fair and equitable e-commerce transaction platform.
Author
Ed Starrs, CEO, MyECheck
Archives
April 2013
Categories
All
Electronic Checks
updated and changed their website again?
well after talking to CMS/bank of Kentucky they haven't started using MyEcheck they are still setting it up and said the very earliest we could use this technology is june 1st even at june 1st that doesn't give much time to get revs for Q2 BUT they will be able to post revs in Q2 report, as for Q3 now that's going to be one nice report IMO
Here are some of our advantages over credit cards:
1. Faster - eChecks processed on the MyECheck system are typically accepted in 1 to 3 seconds
2. Higher Conversion Rates – Checks are the most viable alternative to cards enabling conversion of declined card transactions or customers without cards.
3. Lower Processing Cost - MyECheck offers its services at a fraction of the cost of credit-card processors.
4. Higher Profit Margin - MyECheck offers services at a fraction of the cost of credit-card processors, and does not require any deposits or rolling reserves.
5. Higher Approval Rate- eChecks processed on the MyECheck system enjoy approval rates averaging over 90%, with many merchants exceeding over 95%.
6. Guaranteed - Full liability coverage is available for all approved transactions - merchant is reimbursed 100% of the value of returned checks, usually within a few days
Specialties
Electronic transaction processor for remote and online transactions.
RE: Bank of Kentucky customer service dept.
Show Details
From: Heather somers
ToTyler herzog
we have signed an agreement to use Myecheck and we expect to be operational with this product soon, at earliest June 1st Tyler but that is not certain as we are still working with that company-----Original Message-----
From: Tyler herzog [mailto:hopsin75x@yahoo.com]
Sent: Wednesday, May 19, 2013 1:05 PM
To: customerservice@bankofky.com
Subject: New Product you may be using?
name: Tyler herzog
email: hopsin75x@yahoo.com
phone: 860978xxx
message: do you use MyEcheck, inc. services here? thank-you
Sender IP: 99.36.3.xxx
RE: Corporate Merchant Solutions Aplication Web Inquiry Promo Code #CMS609
Show Details
FromJohn Gerena
To'Tyler herzog'
Yes we have signed an agreement to use Myecheck and we are gearing up. We
have been working on an agreement with the bank and are very excited to start using this technology.
-----Original Message-----
From: Tyler herzog [mailto:hopsin75x@yahoo.com]
Sent: Wednesday, May 23, 2013 10:45 PM
To: sales@cmsimail.com
Subject: Corporate Merchant Solutions Aplication Web Inquiry Promo Code
#CMS609
name: Tyler herzog
email: hopsin75x@yahoo.com
phone: 860978xxxx
message: do you use MyEcheck, inc. services here?
Sender IP: 99.36.3.xxx
drunk and high at the same time
theres only a 100 million shares?!?!?!? WTF! we should be in copperland then, im confused lol
in a way its like buying shares of VISA for .0021 a share! lol
I could see this being a NASDAQ stock trading at $20 a share someday, maybe in 5 years, maybe in 10, maybe in 1 who knows all depends on how quick this explodes and every company starts buying it. but for now .05 looks good and is my target
I slapped 22's, good job slapping dude believe me you can still easily see a 10-bagger at .0024 that is still an amazing entry point.
Thanks, that last paragraph and especially the last couple lines kinda gave me a boner lololol :D $MYEC
MyECheck, Inc. (MYEC.OB) Provides Solutions with an Array of Benefits
MyECheck, Inc. is a leading provider of alternative payment solutions to credit cards, Internet, and mobile commerce. The company utilizes a patent pending method of creating and clearing remotely created checks (RCC’s) for ultra-fast, secure, and convenient payments. Their RCC solution provides online merchants around the world with financial access to more consumers than any other payment method. Established as a leader in Check 21 solutions and check image processing for online merchants, MyECheck offers the most complete, secure and cost-effective way to collect payments from customers.
MyEChecks’ RCC image service is the world’s first Check 21 solution for remote transactions. The RCC image service can be utilized by the Internet, over the phone, recurring transaction, or through a batch application. By using the Internet, customers can check data on their website which holds their financial information and pass it on electronically to a specified party. Merchants can use the phone to collect customer data and enter it into a virtual terminal for processing. With a recurring transaction, a merchant will send a single transaction or CSV files on dates they want payments processed and MyECheck will clear the funds to their account that day. Batch files are used as MyECheck receives customer’s data, and then they create RCC images of the items and insert them into X9.37 files.
All electronic RCC’s are governed by Check 21 law and Uniform Commercial Code (UCC state law). The benefit is to the customer as these laws are more favorable to the recipient – as opposed to the laws governing ACH transactions – particularly with respect to charge-backs. MyECheck can debit every US checking account, even accounts that ACH cannot debit, which include accounts at many credit unions, small banks, brokerage accounts, business accounts, and credit card check accounts. MyECheck items are created and file formatted before being submitted directly into the banking system for the fastest possible clearing, which in the end provides your bank with expedited availability.
MyECheck offers additional services at no charge that include financial verification, identity validation, collections and guarantee services, and guaranteed international payments. Prior to authorizing a transaction, MyECheck can verify the status of the customer’s bank account and determine if the customer is a recent check bouncer. There are three levels of identity verification, including high-assurance ID validation, and fully integrated collections with payment guarantee available. For international payments, MyECheck offers non-reputable 2-3 day bank funds collection in over 50 countries and provides bank remitting capabilities to bank accounts in over 120 countries.
Here are some of our advantages over credit cards:
1. Faster - eChecks processed on the MyECheck system are typically accepted in 1 to 3 seconds
2. Higher Conversion Rates – Checks are the most viable alternative to cards enabling conversion of declined card transactions or customers without cards.
3. Lower Processing Cost - MyECheck offers its services at a fraction of the cost of credit-card processors.
4. Higher Profit Margin - MyECheck offers services at a fraction of the cost of credit-card processors, and does not require any deposits or rolling reserves.
5. Higher Approval Rate- eChecks processed on the MyECheck system enjoy approval rates averaging over 90%, with many merchants exceeding over 95%.
6. Guaranteed - Full liability coverage is available for all approved transactions - merchant is reimbursed 100% of the value of returned checks, usually within a few days
Specialties
Electronic transaction processor for remote and online transactions.
everyone read this post! by VortMax, link
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88053738
apparently, if not its mega weird he'd think about myec whatever we have tone of penny stock traders tweeting for us! :) $MYEC
why was he even posting about MYEC?!?! also what the fuck does Q1 have to do with Q2? MYEC had just signed deals right after Q1 so of course they didn't have income then but looking a 1 million+ for Q2. PS ill hit you up with a PM for the emails I have bank of Kentucky and Corporate merchant solutions.
that's what I assumed so I went and asked the companies they signed contracts with, it does say the IR for MYEC is the CEO so he cant sit and respond to all our email everyday i'll give them time to hire an IR team
I contacted Bank of Kentucky, spindle, and CMS all confirmed signing contracts and are excited to use MYEC technology, that sealed the deal for me I would of liked it to come from MYEC themselves but idk if they have an IR team yet so idk
next week shall be a fun week :D
he wants to show that MYEC was no pump and dump scam he wanted to provide comfort to investors, thus upgrading his company to OTC fully reporting from the previous rank of pink sheets, he also threw in the attorney letter as a bonus for us. he has some ultimate plan that may end with a buy-out but also may not either way the pps is bound to skyrocket north
alright...
whats your proof then? you call us out for apparently not having good proof lets see if you ANY to back that claim up.
if anyone says anything good about the stock he claims there a paid pumper, yet if anyone says something negative he cries shorty... I think hes just a little scared or rattled and is way over thinking stuff
I smell fishy cause ive provided proof that all the april PR's are true and MYEC will be receiving millions from them?! I would agree with you that GM might be a paid pumper until you called me out, seeing as im not a paid pumper at all and I even bashed a few days ago before I did some massive DD work so how could I be paid for pumping while bashing? so now I feel GM is also not compensated. WAIT A SECOND ARE YOU A SHORT??? HUH!!!
a buyout would mean mr.starrs can retire right then and there, and well a few on this board aswell ;) but id say more licensing and getting MyEcheck know before he accepts a buy-out offer
yea itd be a good fit for them, their a big NASDAQ company, BUT for now any buy out talk between these two are rumors IMO, haven't found anything yet that they are talking, but ive emailed both companies
cause they use ECH, which is what paypal uses aswell and that is considered the old version compared to MYEC's technology
Over the next five years, 11 billion transactions will shift from paper to electronic delivery models
where did you here they were at least negotiating? I just sent them an email but I probably wont get a response till Tuesday. thanks!
buzzin
I told you so! ... that it'd be a green Friday ;)$MYEC
so impatient...
lol I know I find it really funny, they make it so obvious they short. I guess they cant take 3-4 minutes of their precious time bashing to send CMS, bank of Kentucky, or spindle an email and talk to them about MYEC, lol
like I stated and proved last night all the PR's from april are REAL, and MYEC will be receiving millions just on the ones already PR'd
if he could have patient he's entry point will be at least doubled IMO (.005 to .01 is very easy with patient and news)
LOAD up today slap that ask last chance to buy at these levels you all saw that news in after hours yesterday MORES A COMMIN!