MyECheck, Inc. (fka MYEC)

[Ando Financing Firm]

This is one of the big reasons. http://www.jsonline.com/business/fiserv-feels-effect-of-new-banking-rules-b9917040z1-208590581.html

Looking like it is in Fiserv's best interest to acquire but MYEC's pushing for licensing agreement with royalties based on usage. I am interested on what they decide. More importantly, I am very interested on where MYEC's price goes. This is a really big deal for both.

MyECheck is the sole licensee of US Patent No. 7,389,913. "Method and apparatus for online check processing", and has patent sub-licensing rights that it now intends to exploit. Additionally, MyECheck has developed and operates the worlds first and most robust electronic check engine, replications of which are now being licensed to other companies.

Ed Starrs, CEO of MyECheck commented, "Our new licensing model will enable far greater and faster uptake of the technology controlled by MyECheck, and add new large revenue streams. In addition to our processing revenue, we will have licensing revenue that will exceed our processing revenue in a relatively short period of time."

The MyECheck service provides the most viable alternative payment option at substantially lower rates than card processing fees. MyECheck works with every US checking account, even accounts that Automated Clearing House (ACH) e-check solutions cannot debit, enabling payments from a larger customer base, and providing faster clearing of payments with less risk.



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