MyECheck, Inc. (fka MYEC)

[MODiFiEDZ]

I'm no patent expert, what I've taken from reading the patent is:
It covers Mobile Point of Sales where the user must have an account with the merchant so when the account holder enters user identification (telephone number or just the electronic device alone) it automatically recognizes the users funding method which may be a bank account or credit card.

The patent is unrelated to much of what MyECheck does including a few things like processing eChecks, Check 21, check processing, fully electronic transfers from Government owned bank accounts or something as simple as paying for an item online using only your routing & account #. Your bank institution & sopayme account must be manually integrated by visiting your bank & having them link your account.

Great thing with MYEC is everything can be electronically setup by the user or merchant by using only your bank account numbers.