MyECheck Inc (fka MYEC)

[Cburg]

Good news from the Federal Reserve, this essentially removes uncertainty regarding rules around electronic checks covered by our patent.
https://www.federalreserve.gov/…/pressre…/bcreg20170531a.htm
The amendments create a framework for electronic check collection and return and create new warranties for electronic checks, which will result in a consistent warranty chain regardless of the check's form. As with existing rules for paper checks, the parties may, by mutual agreement, vary the effect of the amendments' provisions as they apply to electronic checks and electronic returned checks. The final amendments also modify the expeditious-return and notice of nonpayment requirements to create incentives for electronic presentment and return. The amendments become effective July 1, 2018.