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market never really appreciates forward looking updates. I would rather wait it out and have him drop a bomb.However, Ed did say on Facebook "Ed Starrs A partner's bank, we are replacing the partner with several others and will update shareholders on new launch dates when they are firm.
Like · 6 · August 12 at 10:29pm"
The apps really need to get uploaded next week. Investors are getting tired of "soon" and "almost"
could not agree more. I believe a lot of eyes are on the sidelines waiting for those exact items. I still firmly believe mj-pay will bring a massive awareness to myec, which is what we really need. It's just a waiting game now. Hopefully picking up more early next week if these prices remain.
It needs that one pr that makes investors say.... it will never be this low again. I believe the app or a large contract will do it. Loading and waiting.
Wed, Aug 20, 2014 0.0163 0.0142 13339177 5716594 43% (Short volume)
http://www.mightymarkets.com/short-volume-lookup/
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
"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."
...so myecheck is going to use paper checks in addition to all electronic? I personally think that's a good idea since all electronic is still years from being the main form of payment. Am I reading that right?
Giact is a huge move in the right direction. It will show very soon.
19,961
my account just jumped haha what a buy!
.0174s UP!
.0173s being hit!!!!!!
.0165s being hit.
.016s on the ask $MYEC
18.8 Million in volume and the L2 is thinning out. Big move today for MYEC so far.
.015s back up.
.0137s
.0135s
.0133s! Looking good
46.5 million in volume. Holding above .01 and slowing. Recovery maybe?
I wouldn't doubt it. The drop would slow the process significantly.
44 MILLION in volume. Holding above .01! WE need .01 to uplist and the market seems to know it.
Put my support in. If this breaks .01 we are going to have another set back. Support your stock.
can anyone elaborate on that? Was that the only note we can associate with the app production?
just scanned the Q and it's decent, not great, but ok. I didn't notice a single thing about app costs/expenses or even a note regarding the apps. Does anyone else think that is a little unusual? Would love some insight from those that are savvy with Q reports.
interesting didn't know that. Maybe it's correct, but it's still such a low number compared to most stocks at this level.
haha oh no not the infamous 911 alert.
I agree, but considering how off the shareholder number is I'm not sure how correct it really is.
looks like someone just got a confirmed update on the SS 8/12/14 (via the fb, not sure about validity)
Total Regular Shares: 2423230863
Total Restricted Shares: 1694239137
VS OTCmarkets:
Shares Outstanding: 3,086,321,486 a/o Feb 07, 2014
Float: 1,032,648,198 a/o Feb 07, 2014
it's just interesting. MAXM is often associated with institutions, thus it being on the bid side is interesting. Complete speculation though... it could also mean nothing.
MAXM on the bid.
coming up to 26 million in volume. .0142x.0155s. Lots of movement today.
.0155x.0167. Huge gap, looking thin as we rise.
unreal day thus far. Another ride on the MYEC roller coaster I guess. Lost a lot of weak "investors" and for that I'm happy.
144s hitting
.014s on the ask. huge buys at .013
Still think it would be a good move for Ed to keep this from bleeding below .01. It's just going to make the process to .10 much more difficult if he lets this slowly dwindle.
Watching this without the ability to transfer money is tragic. Lots of weak hands getting taken out.
that recovery was pretty wild. huge green blocks.