Must Read MYEC MyECheck Inc. is a leading electronic transaction processor and provider of alternative payment solutions to credit cards for brick & mortar, internet, and mobile commerce. MyECheck utilizes a patented method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and cost effective payments. As the leader in Check 21 Solutions and check image processing for online merchants, MyECheck provides merchants with financial access to more customers than any other payment method.
Ed Starrs, CEO of MyECheck, commented, "As our customer transactions continue to grow, so do we by enhancing and expanding our infrastructure. We continue our tact of being scalable with room to grow at a more cost effective rate as we expand our business into new sectors."
eChecks processed on the MyECheck system are typically accepted in 1 to 3 seconds and Clears the Same Day or Overnight compared to typical Automatic Clearing House system (ACH) time frames of 3 to 5 days. And MyECheck provides the most viable alternative to credit cards enabling conversion of declined transactions or customers without credit cards.
Ed Starrs, CEO of MyECheck, commented, "Check 21 Law provides for unprecedented opportunities for the MyECheck payment platform. In addition to the web application, the MyECheck system is ideal for phone order or virtual terminal applications affording these organizations numerous benefits over ACH."
***** MYEC Money Maker The Check Is Still # 1 Huge Revenues
***** The Check Is Still The Largest Non-cash Payment Method In The US, proving that people often prefer to use checks over credit cards. Many online merchants offer no alternative to credit, resulting in lost sales due to many consumers' inability or unwillingness to purchase using credit.
MyECheck works with more consumers than any other payment method and will lower costs, abandonment, charge-backs and fraud while increasing sales, loyalty and profits for its customers.
Ed Starrs, CEO of MyECheck, said, "RCCs have been used for decades by mortgage companies, insurance companies, credit card companies and many others to collect recurring payments from their customers.Trillions of Dollars Are Processed As Checks Annually.
MyECheck allows these companies to fully automate, eliminate paper from their process, and Speeds Collection By At Least 2 Days."
***** MYEC Huge Potential All Over The World Processing eChecks
MyECheck's Patented System can Clear Checks from Every U.S. Checking Account, even accounts that ACH cannot; thus providing online financial access to more consumers and businesses than any other payment method, at a fraction of the cost of card transactions.
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