Pick this apart "New Growth More recently, an increasing number of banks and other financial institutions are taking advantage of Check 21 processes, making MyEcheck an ever more attractive option for them. With the gradual improvement of the economy, MyEcheck has since the second quarter of 2013 once again resumed continued revenue growth.
In 2014, the U.S. Government modified the Check 21 legislation to explicitly permit wholly digital check-based transactions. Financial institutions did not appreciate the opportunity to provide completely paperless transactions. Believing the changes to the Act will stimulate demand, the Company hired additional consultants and staff to expand operations in 2014."
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